Pangaea Logistics Solutions (PANL) Announces Purchase of Vessel

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Pangaea Logistics Solutions Ltd. Announces Purchase of Vessel

March 8, 2021 4:20 PM EST

NEWPORT, R.I., March 8, 2021 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced it has purchased a vessel to add to its operating fleet.  The ship was purchased in the second-hand market for USD 18.3 million.  The vessel is expected to be delivered to Pangaea by July 2021, after the delivery of two of the total four ice class newbuild vessels, which will bring the owned fleet to 21. "This 2013 Toyohashi-built 78,000 dwt dry bulk vessel fits well into our core... More