Print
PDF
V.Ships India, part of 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 1 million deadweight of tonnage, currently operates 13 handy size and handymax dry bulk ships, with another 12 ships currently under construction in China.
Initially contracted in August 2014 to manage three of Pioneer’s vessels, V.Ships India has since conducted a seamless transfer of the remaining operational fleet with another three new vessels scheduled for completion and integration later in 2015. Pankaj Khanna, chief executive, Pioneer Marine Inc. said: “From the 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. Captain Sachit Sahoonja, managing director of V.Ships India, added: “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.”
