Pioneer Marine investors are set for a nice payday as the company has reaped close to $59m from the sale of five handysize bulkers.
It has completed the disposal of four of its vessels including the 32,300-dwt Emerald Bay (built 2008) under a memorandum of agreement (MOA) signed on 2 March.
Pioneer Marine confirmed it was selling four vessels in late February when it reported full-year results for 2020, but the identity of the other vessels has not been disclosed.
