Our Vision is to be
a recognized leader in the safe and efficient carriage of dry bulk commodities.
a recognized leader in the safe and efficient carriage of dry bulk commodities.
ESG Report
In 2021 we made our first effort to record and measure our actions regarding sustainability and set new targets which will allow us to grow and improve in a more sustainable environment. Pioneer Marine has used the Marine Transportation Sustainability Accounting Standard of the SASB standards for reporting on its ESG performance.
Core Values
Safety
Abide by a strong Safety Culture for the benefit of our people, our assets and our business partners.
Operate with risk conscious mentality to avoid unexpected losses.
Sustainability & Environmental Awareness
Opt for sustainable and environmentally friendly resources.
Comply with industry regulations.
Integrity
Conduct operations honestly and with transparency.
Adopt Corporate Governance best practices.
Customer Service
Deliver services of superior quality standards.
Build sustainable long term relationships based on professionalism and friendly approach.
Our People, our Assets
Offer over 200 years of combined industry and public markets expertise.
Employ innovative dynamic professionals with strong teamwork spirit.
Stakeholder Value
Maximize Stakeholder Value by emphasis on high performance and cost efficiencies.
Corporate Governance
Standards of Business Conduct & Ethics
Pioneer Marine is committed to adhere to the highest standards of ethical, moral and legal business conduct. Pioneer Marine expects that all employees and business partners, also abide by the highest standards of ethical, moral and legal business conduct.
In order to cultivate an ethical working environment and demonstrate our commitment to good corporate governance, we have developed and adopted an ethics framework.
Whistleblower Policy
Supplemental to the Standards of Business Conduct & Ethics, our Whistleblower policy aims to direct our Company’s employees and business partners to report any concerns, suspected misconduct, illegal and / or unethical behavior regarding any aspect of the Company’s activities.
All concerns are being monitored exclusively by the Legal Counsel.
email: whistleblower@pioneermarine.com
Detailed Whistleblower Policy
All data provided will be treated in accordance with GDPR regulations.
Please refer to our Privacy Policy.
History
Sale of MV Fortune Bay
Sale of MV Falcon Bay
Sale of MV Calm Bay
Distribution of $10.2 million cash dividend
Sale of MV Tenacity Bay
Sale of MV Paradise Bay
New credit facility of $29.3 million with DVB to refinance CIT facility and DVB facility for MV Tenacity Bay.
Distribution of $25 million cash dividend
Acquisition MV Liberty Bay
New credit facility of $64.4 with ABN AMRO to refinance the ABN AMRO & DVB facility and to partially finance the acquisition of MV Monterey Bay, MV Liberty Bay and MV Alsea Bay
Acquisition MV Alsea Bay and MV Monterey Bay
New Executive Management
Sale of MV Azure Bay
Acquisition of MV Tenacity Bay and MV Resolute Bay
Completion of termination for the remaining 10 Newbuilding Contracts
Delivery of Green Dolphin eco-design newbuilding MV Kite Bay
Delivery of Green Dolphin eco-design newbuilding MV Falcon Bay
Completion of the $25 million Private Placement
Committed financing of $150.1 million from ABN AMRO, Deutsche Bank and Nord LB in relation to 12 Newbuilding Contracts
Successfully raised $75 million in the Norwegian OTC equity market
