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Pangaea Logistics Solutions Ltd (PANL.PH)

PANL.PH on Philadelphia Stock Exchange

3.66USD
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Pangaea Logistics announces retirement of CFO Tony Laura
Tuesday, 11 Apr 2017 09:15am EDT 

Pangaea Logistics Solutions Ltd : Pangaea Logistics Solutions Ltd announces retirement of Chief Financial Officer Tony Laura . Pangaea Logistics Solutions Ltd - Laura will remain with company as a director and continues to be a major shareholder .Gianni Del Signore to replace Laura.  Full Article

Pangaea Logistics Solutions reports Q4 net income of $0.1 mln
Wednesday, 22 Mar 2017 05:20pm EDT 

Pangaea Logistics Solutions Ltd : Reports financial results for the quarter and full year ended December 31, 2016 . Q4 revenue $66.3 million versus $55.9 million . Net income of $0.1 million in Q4 of 2016 as compared to a net loss of $4.8 million in same period of 2015 .Qtrly net income of $0.1 million.  Full Article

Pangaea Logistics Solutions announces delivery of two Ultramax newbuildings
Tuesday, 31 Jan 2017 04:05pm EST 

Pangaea Logistics Solutions Ltd : Pangaea Logistics Solutions Ltd - Taken delivery of two ultramax ice-class 1c dry bulk carriers from Oshima shipyard in Japan . Pangaea Logistics Solutions Ltd - Ships were ordered in 2013 by Pangaea's 50% owned joint venture company, Nordic Bulk Ventures Holding, Ltd. . Pangaea Logistics Solutions Ltd - co has purchased its JV partner's 50% interest in NBVH, which will give company full control of both new ships . Pangaea Logistics Solutions - bulk destiny financed under sale-leaseback transaction for total of $21 million . Pangaea Logistics Solutions - counterparty to long-term contract of affreightment was acquired by new entity that assumed coa under its existing terms .Pangaea Logistics Solutions Ltd - contract employs three company vessels in a shuttle service, and extends through 2025.  Full Article

Pangaea Logistics posts quarterly earnings per share of $0.004
Monday, 15 Aug 2016 04:15pm EDT 

Pangaea Logistics Solutions Ltd : Pangaea logistics solutions ltd reports financial results for the quarter ended June 30, 2016 . Quarterly revenue fell 13 percent to $57 million .Quarterly earnings per share $0.004.  Full Article

Pangaea Logistics Solutions quarterly earnings per share $0.03
Tuesday, 10 May 2016 05:18pm EDT 

Pangaea Logistics Solutions Ltd : Pangaea logistics solutions ltd. Reports financial results for the quarter ended march 31, 2016 . Quarterly earnings per share $0.03 .Quarterly revenue fell 54 percent to $43.9 million.  Full Article

Pangaea Logistics Solutions secures strategic contract extensions
Monday, 1 Jun 2015 08:57am EDT 

Pangaea Logistics Solutions:Extensions to two of its Contracts of Affreightment (COA) with leading global companies.Together these extensions have the potential to generate up to $22 million in revenue over the next 3 years and will optimally position the Company to execute on its backhaul strategy.Specifically, a major international aluminum company has agreed to a two year COA extension that will cover 2017 and 2018 and utilize Supramax vessels on a route from Brazil to the east coast of Canada.This extension provides for the shipment of 400,000-500,000 metric tons of cargo per year.Separately, the company announced a one year extension of a COA for the shipment of approximately 850,000 metric tons of pig iron from Brazil to the United States.  Full Article

Pangaea Logistics Solutions announces long-term contract of affreightment utilizing Ice-Class Vessels
Wednesday, 20 May 2015 08:53am EDT 

Pangaea Logistics Solutions:Enters into a three to five-year Contract of Affreightment with a major international steel producer that will utilize its ice-class tonnage and has the potential to produce up to $135 million in revenue over five years.First shipment is scheduled to commence in the summer of 2015 and the contract provides for up to 30 shipments per year, each generating nearly $1 million in revenue.Accordingly, the COA is expected to produce approximately $80 million in revenue over the initial three year term, and has the capacity to contribute up to $135 million in revenue over its maximum term.Says the performing vessels will be loading on the east coast of Canada and discharging in Europe and will be operated by Pangaea Logistics Solutions' ice-class specialist subsidiary, Nordic Bulk Carriers, which is based in Copenhagen.  Full Article

More From Around the Web

BRIEF-Pangaea Logistics announces retirement of CFO Tony Laura

* Pangaea Logistics Solutions Ltd announces retirement of Chief Financial Officer Tony Laura

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