BaltNav takes over Pioneer Marines ships

BaltNav takes over Pioneer Marines ships

04-10-2017 13:00:00

The Danish transport company BaltNav, based in Copenhagen, is going to operate a number of dry cargo ships owned by Pioneer Marine. The number of vessels involved in the agreement was not published by the private equity-supported shipowner, which has a fleet of 16 handysize ships.

"The partnership will place Pioneer's fleet on alternative markets, thus expanding our service to existing and new customers," said Pioneer general manager Dimitris Papoulis.

BaltNav is run by former Torm dry cargo veteran Michael Bonderup and also has several former employees from J. Lauritzen, including Martin Sato. BaltNav, which already operates a fleet of approximately 15 handysize ships, assumes responsibility for the Pioneer ships with immediate effect.

BaltNav, which started operating in 2010, has developed a unique strategy based on smaller handysize ships up to panamax. The company supplies transportation all over the world, but focuses on the continent, the Baltic Sea, the Black Sea and the markets in South, Central and North America.

The company recently established a satellite office in Singapore with the purpose of expanding its activities in Asia and the Middle East. The office is headed by Rasmus Takechi-Hansen and Anders Johannsen, both of whom come from J. Lauritzen.

Source: TradeWinds / Maritime Denmark

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