Pangaea Logistics Solutions Ltd. Acquires Majority Stake in Nordic Bulk Holding Company to Further Strengthen Specialty Ice Niche

Pangaea Logistics Solutions Ltd. (“Pangaea”) announced that it has acquired an additional one-third equity interest in its partially-owned consolidated subsidiary Nordic Bulk Holding Company Ltd. (“NBHC”) from one of NBHC’s current shareholders. The acquisition increases Pangaea’s equity interest in NBHC to 66.7%. NBHC owns six modern 1-A ice-class panamax bulk vessels which are time chartered …

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