Pioneer Marine announces delivery of its second 38, 500 DWT Green Dolphin eco - design vessel

Pioneer Marine Inc., a leading shipowner and global drybulk handysize  transportation service provider, accepted delivery of a 38, 4 19 DWT  Green Dolphin eco - design  handysize vessel , the  M.V.  Kite  Bay, the company said in its press release. The new  vessel, which was  constructed at  Yangzhou Guoyu Shipbuilding Co., Ltd,  is Pioneer’s  second  Green Dolphin eco - design handysize vessel.  The ship’s fuel consumption is about 6 tonnes per day lower than  the non - eco  design  vesse ls. In addition to eco - friendly efficiencies, Pioneer’s Green Dolphin  newbuilding series are  equipped with features  which  offer substantial commercial flexibility  such as hull strengthened to Ice Class 1C, fully logs fitted,  suitable for the  carriage of va rious  dangerous cargoes, grab fitted, ABB Octopus system  for fuel consumption optimization, mass  flow meters on the bunk er line and more. The  Kite  Bay  will commence a 1 year charter on a floating rate based on  the Baltic Supramax Index  less a small  discount.  The charterer  may extend the charter for up to one additional  year. The delivery of the  Kite  Bay expands the Company’s operating fleet to  fourteen  handysize  vessels and one handymax vessel.