Pangaea Logistics Solutions Ltd. Stock News

NEWPORT, R.I. , Oct. 7, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether Pangaea Logistics Solutions Ltd.'s (NASDAQ: PANL) acquisition of 100% ownership in fifteen handy-size vessels is fair to Pangaea shareholders. The fifteen handy-size vessels have a total net asset value of $193 million. As consideration for the vessels, Pangaea will issue approximately 19.0 millio...

Pangaea Logistics Solutions ("Pangaea") has agreed to acquire 15 handysize drybulk carriers for approximately $295 million including related debt in an all-stock transaction. The transaction will increase the company's owned fleet by almost 60% to 41 vessels and reduce loan-to-value to slightly below 40%. The company's shares will be valued at $10.20 in the transaction, a 55% premium to current...

NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangae...

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Pangaea Logistics Solutions reported better-than-expected Q2/2024 results, with both the company's top- and bottom-line results coming in ahead of consensus estimates. That said, adjusted EBITDA margin of 12.8% dropped to its lowest level in recent years as Pangaea's chartered-in fleet was running at a loss. With preliminary Q3 daily time charter equivalent rates up and charter-in rates down by...

Pangaea Logistics Solutions, Ltd. (PANL) Q2 2024 Earnings Call Transcript

NEWPORT, RI, Aug. 8, 2024 /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 June 30, 2024.