Company Profile
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 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"
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
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 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"
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
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 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"
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.