Singapore-based ship owner Pioneer Marine entered the dry bulk sector in 2013 on the only upswing the industry has seen in the past three years, and since then it has crashed to the lowest levels in three decades. For CEO Pankaj Khanna, finding ways of reducing the daily operating expenses of his twelve Handysize geared bulk carriers that are currently under construction at … [Read more...]
Pioneer Marine’s Handysize Fleet Continues to Grow
Since establishing his company in September 2013 and subsequently listing on the Norwegian OTC in March, Pankaj Khanna has positioned his dry bulk shipping firm Pioneer Marine Inc. for rapid growth. Pioneer Marine sees opportunity for consolidation in the handysize sector within dry bulk shipping due to "advantageous supply dynamics with an old fleet and limited order book." … [Read more...]
Pioneer Marine Launches With a Newbuild Order for 4 Bulk Carriers
After a year of beating the bushes of the ship finance sector, Pankaj Khanna, CEO of Singapore-based Pioneer Marine has gained funding from US-based private equity firm Garrison Investments to begin building his fleet of dry bulk ships. In a phone call with him this morning, Khanna notes that he has ordered four "Green Dolphin" eco-designed bulkers from Yangzhou Guoyu … [Read more...]