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V.Ships completes transfer of Pioneer fleet of geared dry bulk carriers

Pioneer Marine appoints V.Ships India as Technical Managers

V.Ships completes transfer of Pioneer fleet of geared dry bulk carriers

V.Ships, the ship management arm of global maritime services provider V.Group, has recently completed the transfer of the rapidly growing Pioneer fleet of geared dry bulk carriers into its management portfolio.

Pioneer Marine Inc, a fleet owner of some one million deadweight of tonnage, currently operates 13 operational handysize and handymax dry bulk ships on the water with another 12 ships currently under construction in China.

Initially contracted in August 2014 to manage three of Pioneer’s vessels, V.Ships has since conducted a seamless transfer of the remaining operational fleet (on water), with another three new Green Dolphin (RT Flex) vessels scheduled for completion and integration later in 2015.

Headquartered in Singapore, Pioneer trades on the Norwegian OTC under the name PNRM and is proud of its ambitious growth strategy. Mr. Pankaj Khanna, CEO Pioneer Marine Inc said: “from early beginnings less than a year ago, Pioneer and V.Ships India have rapidly developed a trusted relationship which has seen V.Ships assume the full third party management of our entire fleet of vessels. This significant development has given V.Ships the opportunity to handle day to day management of the fleet, resulting in reduced costs and improved operational performance for Pioneer.”

Since opening in 2007, V.Ships India has seen impressive growth of the Indian and foreign flag fleets under its management. With over 100 employees, the Chennai operation is being developed as a Centre of Excellence within V.Group.

Capt. Sachit Sahoonja, Managing Director of V.Ships India said: We are proud to have delivered the results to Pioneer that has seen them transfer their full fleet into V.Ships’ management and we thank them for giving us this opportunity to demonstrate our capability. We are committed to providing them with the highest quality services with absolute regard to safety and marine environment.”

Pankaj Khanna And Sachit Sahoonja

Pioneer CEO Pankaj Khanna (right) with Capt Sachit Sahoonja - MD V Ships Ship-management India left

Notes to Editors

V.Group is the world’s leading provider of outsourced maritime services to the commercial shipping and cruise industries and an increasingly important player in the energy sector.

The company delivers a wide range of marine services including technical management and support through its market-leading third party ship manager, V.Ships; seafarer recruitment, management and training; procurement, and ship supply chain management.

V.Group employs 2500 staff around its global office network in 60 locations and manages the recruitment and placement of some 38,000 seafarers. It delivers ship and crew management services to a diverse fleet of over 800 vessels. These include crude, products, chemical and LPG/LNG tankers, bulk carriers ranging from a large fleet of self-dischargers to VLOCs, containerships from feeders to 14,200 TEU units, as well as many specialized vessel types including offshore and seismic vessels, cable layers and diving support/subsea units servicing the growing offshore market.



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