Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) recently announced the appointment of Paul M. Leand, Jr. to its Board of Directors as a Class III director. Mr. Leand brings over two decades of experience advising companies and investors in the maritime shipping industry, serving as the Managing Director and Chief Executive Officer of AMA Capital Partners.
This appointment comes as part of a Cooperation Agreement with Strategic Shipping Inc., which includes certain customary terms such as standstill restrictions and voting commitments. The Agreement will be filed with the U.S. Securities and Exchange Commission as an exhibit to the Current Report on Form 8-K.
Pangaea Logistics Solutions Ltd. provides seaborne dry bulk logistics and transportation services, catering to industrial customers with diverse dry bulk cargo transportation needs. Some of the dry bulk cargoes handled by the company include grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
The company’s comprehensive set of services and activities include cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and vessel technical management.
Investor Relations Contacts: Gianni Del Signore, Chief Financial Officer Noel Ryan and Stefan Neely, Vallum Advisors 401-846-7790 [email protected] [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.
