Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM) (Pioneer Marine) a leading shipowner and global drybulk Handysize transportation service provider enters into cooperation with BaltNav A/S, Copenhagen (BaltNav).

Pioneer Marine announces cooperation with BaltNav AS, Copenhagen

The owner of 16 Handysize bulk carriers commenced as of October 3rd, a cooperation with the Danish operator BaltNav.

Part of Pioneer Marine's bulk carrier fleet will thereafter be commercially operated by BaltNav who already operates a fleet of about 15 Handysize vessels.

Dimitris Papoulis, S.V. President and General Manager of Pioneer Marine, says: "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"  

Source: Pioneer Marine