Pangaea Logistics Announces Order of Two More High Ice Class Ships and Long-Term Financing
NEWPORT, R.I., Oct. 1, 2019 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today it has expanded its order for high ice class post-panamax dry bulk 95,000 dwt.
- NEWPORT, R.I., Oct. 1, 2019 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today it has expanded its order for high ice class post-panamax dry bulk 95,000 dwt.
- The two added ships, also designed with Ice Class 1A specifications, will cost $37.7 million each.
- The Company also announced a series of committed transactions to finance the ships through a $129.2 million bareboat charter structure.
- "Hudson Structured is excited to be partnering with Pangaea, a world leader in dry bulk logistics and transportation.