Company Profile

We pioneer 

Pioneer Marine is a global shipping company specializing in the transportation of drybulk commodities. This is achieved through the efficient operation of owned and managed drybulk carriers with safety, customer service and environmental protection being top priorities. Our client portfolio includes a variety of reputable international shipping companies and trading houses.

Pioneer Marine was founded in 2013 with the support of a U.S investment fund. The headquarters are located in Athens, Greece, but the Company also has presence in Asia through a Singaporean entity, Pioneer Marine Advisers SA. On March 2014, Pioneer Marine Inc. was registered on the NOTC-list with ticker code “PNRM”.

2021 was a pivotal year for the Company as the Executive Management successfully completed the Management Buy-Out of the Group Companies and with the support of affiliated investors acquired 8 vessels from the existing fleet. Additionally, the Company’s business platform was further enhanced by expanding the in-house Technical Department to offer full Technical Management services.

Our Vision and Mission

Our Vision is to be one of the recognized leaders in the safe and efficient carriage of dry bulk commodities while leading the way to a zero emissions future

Our Mission is to be the selected partner amongst peers based on performance, relationships, personal leadership and safety while committed to the industry's objective towards "Green Shipping"

Our Core Values
01

Customer Service

  • Deliver services of superior quality standards
  • Build sustainable long term relationships based on professionalism and friendly approach
02

Our People our Assets

  • Offer over 200 years of combined industry and public markets expertise
  • Employ innovative dynamic professionals with strong teamwork spirit
03

Integrity

  • Conduct operations honestly and with transparency
  • Adopt Corporate Governance best practices
04

Sustainability & Environmental Awareness

  • Opt for sustainable and environmentally friendly resources
  • Comply with industry regulations
05

Safety is our Top Priority

  • 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
06

Stakeholder Value

  • Maximize Stakeholder Value by placing emphasis on high performance and cost efficiencies
Key Milestones

    

Inception of Pioneer Marine

            

Acquisition of 13 high quality secondhand handysize vessels (10 Japanese built) mainly from Japanese counterparties
$75 million private placement in Norwegian OTC equity market

Committed financing of $119 million with CIT, ABN Amro and DVB Bank

                

Committed financing of $150.1 million from ABN Amro, Deutsche Bank and Nord LB in relation to 12 Newbuilding Contracts

$25 million private placement in NOTC

Delivery of Green Dolphin eco-design newbuilding

        

Delivery of the second Green Dolphin eco-design newbuilding

Successful termination of 10 newbuilding contracts with minimum penalties

            

Appointment of new Executive Management

Successful restructuring of the company and transfer of headquarters to Greece

     

New credit facilities of $94 million to refinance existing facilities and new acquisitions with ABN Amro and DVB Bank

     

Expansion of Commercial Management platform

        

Restructuring of loan facility with ABN to strengthen company’s liquidity during the pandemic

   

Due to major shareholder’s decision to exit from the investment, the Executive Management and affiliated investors acquired 8 vessels from the existing fleet, along with the management companies of the group. Moreover, the company managed to expand its commercial platform by adding 5 more vessels

Establishment of in-house Technical Department

    

Executive Management finalized Management buy-out process by acquiring 83% of Pioneer Marine Inc.

Company Profile

We pioneer 

Pioneer Marine is a global shipping company specializing in the transportation of drybulk commodities. This is achieved through the efficient operation of owned and managed drybulk carriers with safety, customer service and environmental protection being top priorities. Our client portfolio includes a variety of reputable international shipping companies and trading houses.

Pioneer Marine was founded in 2013 with the support of a U.S investment fund. The headquarters are located in Athens, Greece, but the Company also has presence in Asia through a Singaporean entity, Pioneer Marine Advisers SA. On March 2014, Pioneer Marine Inc. was registered on the NOTC-list with ticker code “PNRM”.

2021 was a pivotal year for the Company as the Executive Management successfully completed the Management Buy-Out of the Group Companies and with the support of affiliated investors acquired 8 vessels from the existing fleet. Additionally, the Company’s business platform was further enhanced by expanding the in-house Technical Department to offer full Technical Management services.

Our Vision and Mission

Our Vision is to be one of the recognized leaders in the safe and efficient carriage of dry bulk commodities while leading the way to a zero emissions future

Our Mission is to be the selected partner amongst peers based on performance, relationships, personal leadership and safety while committed to the industry's objective towards "Green Shipping"

Our Core Values
01

Customer Service

  • Deliver services of superior quality standards
  • Build sustainable long term relationships based on professionalism and friendly approach
02

Our People our Assets

  • Offer over 200 years of combined industry and public markets expertise
  • Employ innovative dynamic professionals with strong teamwork spirit
03

Integrity

  • Conduct operations honestly and with transparency
  • Adopt Corporate Governance best practices
04

Sustainability & Environmental Awareness

  • Opt for sustainable and environmentally friendly resources
  • Comply with industry regulations
05

Safety is our Top Priority

  • 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
06

Stakeholder Value

  • Maximize Stakeholder Value by placing emphasis on high performance and cost efficiencies
Key Milestones

    

Inception of Pioneer Marine

            

Acquisition of 13 high quality secondhand handysize vessels (10 Japanese built) mainly from Japanese counterparties
$75 million private placement in Norwegian OTC equity market

Committed financing of $119 million with CIT, ABN Amro and DVB Bank

                

Committed financing of $150.1 million from ABN Amro, Deutsche Bank and Nord LB in relation to 12 Newbuilding Contracts

$25 million private placement in NOTC

Delivery of Green Dolphin eco-design newbuilding

        

Delivery of the second Green Dolphin eco-design newbuilding

Successful termination of 10 newbuilding contracts with minimum penalties

            

Appointment of new Executive Management

Successful restructuring of the company and transfer of headquarters to Greece

     

New credit facilities of $94 million to refinance existing facilities and new acquisitions with ABN Amro and DVB Bank

     

Expansion of Commercial Management platform

        

Restructuring of loan facility with ABN to strengthen company’s liquidity during the pandemic

   

Due to major shareholder’s decision to exit from the investment, the Executive Management and affiliated investors acquired 8 vessels from the existing fleet, along with the management companies of the group. Moreover, the company managed to expand its commercial platform by adding 5 more vessels

Establishment of in-house Technical Department

    

Executive Management finalized Management buy-out process by acquiring 83% of Pioneer Marine Inc.

Company Profile

We pioneer 

Pioneer Marine is a global shipping company specializing in the transportation of drybulk commodities. This is achieved through the efficient operation of owned and managed drybulk carriers with safety, customer service and environmental protection being top priorities. Our client portfolio includes a variety of reputable international shipping companies and trading houses.

Pioneer Marine was founded in 2013 with the support of a U.S investment fund. The headquarters are located in Athens, Greece, but the Company also has presence in Asia through a Singaporean entity, Pioneer Marine Advisers SA. On March 2014, Pioneer Marine Inc. was registered on the NOTC-list with ticker code “PNRM”.

2021 was a pivotal year for the Company as the Executive Management successfully completed the Management Buy-Out of the Group Companies and with the support of affiliated investors acquired 8 vessels from the existing fleet. Additionally, the Company’s business platform was further enhanced by expanding the in-house Technical Department to offer full Technical Management services.

Our Vision and Mission

Our Vision is to be one of the recognized leaders in the safe and efficient carriage of dry bulk commodities while leading the way to a zero emissions future

Our Mission is to be the selected partner amongst peers based on performance, relationships, personal leadership and safety while committed to the industry's objective towards "Green Shipping"

Our Core Values
01

Customer Service

  • Deliver services of superior quality standards
  • Build sustainable long term relationships based on professionalism and friendly approach
02

Our People our Assets

  • Offer over 200 years of combined industry and public markets expertise
  • Employ innovative dynamic professionals with strong teamwork spirit
03

Integrity

  • Conduct operations honestly and with transparency
  • Adopt Corporate Governance best practices
04

Sustainability & Environmental Awareness

  • Opt for sustainable and environmentally friendly resources
  • Comply with industry regulations
05

Safety is our Top Priority

  • 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
06

Stakeholder Value

  • Maximize Stakeholder Value by placing emphasis on high performance and cost efficiencies
Key Milestones

    

Inception of Pioneer Marine

Acquisition of 13 high quality secondhand handysize vessels (10 Japanese built) mainly from Japanese counterparties
$75 million private placement in Norwegian OTC equity market

Committed financing of $119 million with CIT, ABN Amro and DVB Bank

                

Committed financing of $150.1 million from ABN Amro, Deutsche Bank and Nord LB in relation to 12 Newbuilding Contracts

$25 million private placement in NOTC

Delivery of Green Dolphin eco-design newbuilding

        

Delivery of the second Green Dolphin eco-design newbuilding

Successful termination of 10 newbuilding contracts with minimum penalties

            

Appointment of new Executive Management

Successful restructuring of the company and transfer of headquarters to Greece

     

New credit facilities of $94 million to refinance existing facilities and new acquisitions with ABN Amro and DVB Bank

     

Expansion of Commercial Management platform

        

Restructuring of loan facility with ABN to strengthen company’s liquidity during the pandemic

   

Due to major shareholder’s decision to exit from the investment, the Executive Management and affiliated investors acquired 8 vessels from the existing fleet, along with the management companies of the group. Moreover, the company managed to expand its commercial platform by adding 5 more vessels

Establishment of in-house Technical Department

    

Executive Management finalized Management buy-out process by acquiring 83% of Pioneer Marine Inc.