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Singapore-based proprietor and operator Pioneer Logistics has contracted for its first bulk provider newbuilds.
The corporate’s bulker unit has commissioned six ultramaxes at Jiangsu Hantong Ship Heavy Trade in China.
The order comes sizzling on the heels of Pioneer Tanker signing up for no less than seven 18,500 dwt chemical carriers at Fujian Southeast Shipyard for $33m every and supply in 2026.
Pioneer presently operates 11 bulkers, with 9 supramaxes, one cape and a newcastlemax, in keeping with its web site.
Brokers are quoting round $34m for ultramax newbuild tonnage in China, however monetary phrases surrounding the corporate’s debut within the phase and supply schedules for 63,500 dwt ships haven’t been divulged.
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