Profile: Pangaea Logistics Solutions Ltd (PANL.A)
13 Jun 2019
Pangaea Logistics Solutions, Ltd. (Pangaea), incorporated on April 29, 2014, is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company addresses the transportation needs of its customers by undertaking a set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. Its subsidiaries include Phoenix Bulk Carriers (BVI) Limited, Phoenix Bulk Management Bermuda Limited, Americas Bulk Transport (BVI) Limited, Bulk Ocean Shipping (Bermuda) Ltd., Phoenix Bulk Carriers (US) LLC, Allseas Logistics Bermuda Ltd., Bulk Patriot Ltd., Bulk Juliana Ltd., Bulk Trident Ltd., Bulk Atlantic Ltd., Nordic Bulk Barents Ltd., Nordic Bulk Bothnia Ltd., Nordic Bulk Carriers A/S and Nordic Bulk Holding ApS.
The Company uses a mix of owned and chartered-in motor vessels to transport over 18.3 million deadweight tons (dwt) of cargo to approximately 100 ports across the world, averaging over 40 vessels in service. The Company's owned fleet includes approximately eight Panamax drybulk carriers, approximately four Supramax drybulk carriers and approximately two Handymax drybulk carriers. Its vessels include Nordic Orion, Nordic Odyssey, Nordic Oshima, Nordic Odin, Nordic Olympic, Bulk Pangaea, Bulk Patriot, Bulk Juliana, Bulk Trident, Bulk Newport, Nordic Bothnia and Nordic Barents. The Company provides logistics transportation services and commercially manages its fleet primarily from offices in Newport, Rhode Island and Copenhagen, Denmark and Singapore. Its logistics services and commercial management include identifying cargo for transportation, voyage planning, managing relationships, identifying vessels to charter in, and operating such vessels.
Pangaea Logistics Solutions Ltd
109 Long Wharf
NEWPORT RI 02840-2406