Pioneer Marine ceases fleet deal with Baltnav

Pioneer Marine, of which Danish executive Torben Janholt is CEO, has opted to cease the deal with Baltnav for commercial operations of eight vessels after only a little over six months. "There is nothing dramatic about it," says Janholt to ShippingWatch.

Photo: PR-foto

After a little more than six months, Pioneer Marine has ceased an agreement with Danish Baltnav for the commercial operation of eight bulk vessels, reveals a press release from the Oslo listed bulk carrier which states that parties have "agreed to cease their cooperation on an amicable basis."

In October last year, the companies announced that Danish bulk operator Baltnav, made up of former J.Lauritzen and Torm employees, had taken over commercial operations of part of Pioneer's fleet of handysize vessels.

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