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Pioneer Marine and BaltNav in commercial cooperation

Pioneer Marine and BaltNav in commercial cooperation
Handysize bulker owner Pioneer Marine is placing an unspecified portion of its fleet for commercial operation with Denmark’s BaltNav.

OTC Oslo-listed Pioneer said it had started a cooperation with BaltNav on Wednesday under which “a portion” of its fleet of 16 handysize bulkers would come under commercial operation of BaltNav.

“We look very much forward to this cooperation which will place Pioneer’s fleet in alternative markets and thereby expand service to our existing and new customers,” said Dimitris Papoulis, svp and gm of Pioneer Marine.

BaltNav operates a fleet of 15 handysize vessels.

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