Sea Pioneer Shipping Corporation

28-January-2020

Athens based Sea Pioneer Shipping Corporation has acquired bulk carriers and tankers. Vassilis Bacolitsas led shipowner and operator Sea Pioneer Shipping Corporation has not been in the sale and purchase market since November 2015. Sea Pioneer Shipping as acquired three (3) suezmax tankers and one (1) kamsarmax bulk carrier:

  • MT Cape Baxley (2003 built 159K DWT)
  • MT Cape Bellavista (2002 built 159K DWT)
  • MT SCF Altai (2001 built 159K DWT)
  • MV Fidelity (ex MV KM Tokyo) (2010 built 83K DWT)

According to sale and purchase shipbrokers, Sea Pioneer Shipping Corporation has acquired MT Cape Baxley and MT Cape Bellavista for around $40 million. Furthermore, Sea Sea Pioneer Shipping Corporation has acquired MT SCF Altai for around $18 million. Greek shipowner and operator Sea Pioneer Shipping Corporation acquired kamsarmax bulk carrier MV Fidelity (ex MV KM Tokyo) for around $16 million.

Sea Pioneer Shipping Corporation has not acquired tankers since 2006. In 2006, Sea Pioneer Shipping Corporation ordered the entire tanker fleet.

In 2018, Sea Pioneer Shipping Corporation took delivery of two (2) kamsarmax newbuilding bulk carriers from Tsuneishi Shipbuilding, Japan.

Sea Pioneer Shipping Corporation was established in Athens in 1969. Primarily, Sea Pioneer Shipping Corporation was a bulk operator company. However, in 1995, Sea Pioneer Shipping started investing in tankers and then gained a prominence for carrying vegetable and palm oils. In 2000, Sea Pioneer Shipping Corporation acquired the company’s first crude oil tanker.