V.Ships bags management of Pioneer Marine's fleet

The expanding dry bulk outfit has 13 ships on the water of handy and handymax size, with 12 further ships under construction in China.

V.Ships' relationship with Pioneer started in August 2014 when it was contracted to manage three vessels. Since then, the entire on-the-water fleet has been transferred to V.Ships.

Pankaj Khanna, Pioneer Marine ceo, commented: “From early beginnings less than a year ago, Pioneer and V Ships India have rapidly developed a trusted relationship which has seen V.Ships assume the full third party management of our entire fleet of vessels. This significant development has given V Ships the opportunity to handle day to day management of the fleet, resulting in reduced costs and improved operational performance for Pioneer.”

Sachit Sahoonja, md of V.Ships India added: "We are proud to have delivered the results to Pioneer that has seen them transfer their full fleet into V.Ships’ management and we thank them for giving us this opportunity to demonstrate our capability. We are committed to providing them with the highest quality services with absolute regard to safety and marine environment.”