Pioneer Marine Disposes Fourth Bulker Raising $58.9 million




Athens based Pioneer Marine has disposed of another vessel raising a total of $58.9 m, says an article published in Spash247.

Mykonos Bay

Pioneer Marine has sold its 2009-built handysize bulker Mykonos Bay.

The sale comes on the back of Pioneer completing the sale of four bulkers earlier in the year, and reduces the company’s owned fleet to nine vessels in total.

CEO of Pioneer Marine on the offloading of bulker

Jim Papoulis, chief executive officer of Pioneer Marine, commented, “The S&P market has also recently started to follow this improvement, and we are witnessing higher values for the head Owners interest. This is being predominantly driven by firm purchasing interest, with owners content to sit on healthy earnings. Taking advantage of the market momentum, subsequent to year end, we signed MoA’s to dispose of four of our handies with delivery ranges beginning in March 2021 through May 2021.”

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: Splash247