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Share this article Share this article NEWPORT, R.I., May 11, 2021 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2021. 1st Quarter Highlights Net income attributable to Pangaea Logistics Solutions Ltd. was $5.9 million for three months ended March 31, 2021 as compared to $6.8 million of net loss for the same period of 2020. Non-GAAP adjusted net income attributable to Pangaea Logistics Solutions Ltd. of $3.8 million...

Pangaea Logistics Solutions Ltd. Announces Purchase of Vessel Pangaea Logistics Solutions Ltd., 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 16.45 million. The Company will own 18 ships when the new ship is delivered to Pangaea by May 2021, and it operates a total fleet of 50-60 vessels in worldwide trades. “This 2013 Imabari-built 61,000 dwt dry bulk vessel fits well into our core fleet and trading activities and, combined with our ice class newbui...