History

May 2016      –       Terminates Last Two Newbuilding Contracts

Mar 2016      –       Terminates Five Newbuilding Contracts and Delays the Delivery Schedule of Remaining Vessels

Jan 2016      –       Took delivery of Green Dolphin eco-design newbuilding M.V. Kite Bay

Nov 2015      –      Terminates Three Newbuilding Contracts and Delays the Delivery Schedule of Remaining Vessels

Aug 2015      –       Took delivery of Green Dolphin eco-design newbuilding M.V. Falcon Bay

Aug 2015      –      Completion of the US$25m Private Placement

May 2015      –      Committed newbuild financing of US$150.1m from ABN AMRO, Deutsche Bank and Nord LB

Apr 2014       –      Confirmed newbuildings increased to 12 Green Dolphins

Mar 2014       –      Successfully raised US$75m in the Norwegian OTC equity market

Mar 2014       –      Committed financing of US$47m from US based CIT

Mar 2014       –      Committed financing of US$72m from ABN AMRO and DVB

Mar 2014       –     Acquired 13 existing high quality assets since inception

Sept 2013      –      Pioneer Marine was established