Pangaea Logistics Solutions Ltd. has appointed Paul M. Leand, Jr. to its Board of Directors as a Class III director, effective immediately. Mr. Leand, the Managing Director and Chief Executive Officer of AMA Capital Partners, brings over two decades of experience advising companies and investors in the maritime shipping industry.
This appointment follows a Cooperation Agreement between the Company and Strategic Shipping Inc., which contains certain customary terms, including standstill restrictions and voting commitments.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) is a global provider of comprehensive maritime logistics solutions, offering seaborne dry bulk logistics and transportation services, as well as terminal and stevedoring services. The company caters to industrial customers requiring the transportation of various dry bulk cargoes such as grains, coal, iron ore, and cement clinker, among others.
In the last period, Pangaea has focused on maintaining a highly qualified and deeply experienced Board of Directors, reinforcing its commitment to shareholder value creation. The addition of Mr. Leand is expected to further enhance the Board's capabilities and industry insights.
Pangaea's investor relations can be reached at 401-846-7790 or via email at [email protected]. As a result of these announcements, the company's shares have moved -0.99% on the market, and are now trading at a price of $7.02. For the full picture, make sure to review Pangaea Logistics Solutions's 8-K report.
