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The latest announcement is out from Pangaea Logistics Solutions ( (PANL) ).
Pangaea Logistics Solutions has completed the acquisition of fifteen handy-size dry bulk vessels from Strategic Shipping Inc., thereby expanding its fleet. This strategic move strengthens Pangaea’s market position by increasing its fleet to 41 vessels, enhancing its service offerings, and providing growth opportunities in its logistics operations.
More about Pangaea Logistics Solutions
Pangaea Logistics Solutions Ltd. is a global provider of seaborne dry bulk logistics and transportation services, offering terminal and stevedoring services. The company serves a broad base of industrial customers with transportation of various dry bulk cargoes, including grains, coal, iron ore, and more.
YTD Price Performance: -0.71%
Average Trading Volume: 201,171
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $262.7M
Learn more about PANL stock on TipRanks’ Stock Analysis page.
