Pioneer Marine Takes Delivery of 2nd Green Dolphin

Oslo-listed shipowner and dry bulk transporter Pioneer Marine Inc has taken delivery of its second 38,419 dwt Green Dolphin eco-design handysize vessel, the MV Kite Bay, from Yangzhou Guoyu Shipbuilding.

MV Kite Bay’s fuel consumption is about 6 tonnes per day lower than the non-eco design vessels, according to Pioneer.

The Green Dolphin newbuilding series is equipped with Ice Class 1C, fully logs fitted, suitable for the carriage of various dangerous cargoes, grab fitted, ABB Octopus system for fuel consumption optimization, and mass flow meters on the bunker line.

MV Kite Bay will begin a one-year charter on a floating rate based on the Baltic Supramax Index less a small discount. The deal includes an option to extend the charter for up to one additional year.

With this delivery, Pioneer now operates a fleet of fourteen handysize vessels and one handymax vessel.

“Pioneer had contracted twelve newbuilds of which three have been cancelled without penalty and two vessels have delivered. The seven remaining newbuildings are scheduled to be delivered in 2016 (four) and 2017 (three),” Pankaj Khanna, Chief Executive Officer, said.

As World Maritime News reported, the company took delivery of its first Green Dolphin vessel the MV Falcon Bay in September 2015. The vessel is chartered under a one-year charter agreement, with an option to extend the contract for up to one additional year.