Pangaea Logistics Solutions(PANL) - 2023 Q2 - Earnings Call Presentation

Safe Harbor 2Q23 Earnings Call Presentation 2 Superior TCE rate driven by long-term COAs and cargo-focused strategy resulted in TCE rates exceeding the benchmark average Baltic Panamax and Supramax indices by 49%+ in 2Q23. Completed the purchase of the Bulk Prudence, a 61,00 dwt Ultramax vessel for $26.7 million of cash. The purchase takes the total number of owned vessels to 25. Completed the strategic acquisition of additional Port and Terminal operations in key U.S markets for$7.2 million. Continue to f ...