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home / news releases / PANL - Pangaea Logistics Solutions buys dry bulk vessel for $17.1M

PANL - Pangaea Logistics Solutions buys dry bulk vessel for $17.1M

Pangaea Logistics Solutions Ltd.
  • Pangaea Logistics Solutions ( NASDAQ: PANL ) said Tuesday it bought a 2010 Hyundai Vinashin shipyard-built 56K dwt dry bulk vessel in the second-hand market for $17.1M.
  • PANL operated the ship for the past year on a charter-in basis.
  • The new ship is expected to be delivered to PANL in Sept. or Oct., after which the firm will own 25 ships.

For further details see:

Pangaea Logistics Solutions buys dry bulk vessel for $17.1M
Stock Information
Company Name: Pangaea Logistics Solutions Ltd.
Stock Symbol: PANL
Market: NASDAQ
Website: pangaeals.com
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