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Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2021


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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 as compared to adjusted net loss of $4.0 million for the three months ended March 31, 2020.
Diluted net income per share was $0.13 for three months ended March 31, 2021 as compared to loss per share of $0.16 for the same period of 2020. ....

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Pangaea Logistics Solutions Ltd. Announces Purchase of Vessel | Hellenic Shipping News Worldwide


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 newbuild program, is another step in our effort to renew our owned fleet with high quality and efficient tonnage,” said Ed Coll, Pangaea’s Chief Executive Officer. “We are committed to providing our clients with best in class service through our flexible owned and operated fleet. This ship, to be named Bulk Courageous, will bring our owned fleet to 18 vessels in advance of our four ice ....

Med Coll , Pangaea Logistics Solutions Ltd , Chief Executive , Bulk Courageous , Pangaea Logistics Solutions , எட் வழக்கு , ப்யாஂகஂகாயீயா தளவாடங்கள் தீர்வுகள் லிமிடெட் , தலைமை நிர்வாகி , மொத்தமாக தைரியமான , ப்யாஂகஂகாயீயா தளவாடங்கள் தீர்வுகள் ,