Pioneer Marine Inc. a leading shipowner and global drybulk handysize transportation service provider announced the following developments regarding its newbuilding program:
(1) Termination of three newbuilding contracts at no cost to the Company
(2) Delays in the current delivery schedule with five vessels now scheduled to deliver before YE 2016 and the remaining three vessels to be delivered in 2017
About Pioneer Marine Inc.
Pioneer Marine Inc. is a leading shipowner and global drybulk handysize transportation service provider. Pioneer Marine owns thirteen Handysize and one Handymax drybulk carriers with an additional 8 Handysize newbuildings on order for delivery through 2016 and 2017 . The Handysize Green Dolphins newbuildings are ‘Eco’ vessels.