Pangaea Logistics Solutions(PANL) - 2024 Q1 - Earnings Call Presentation

In May 2024, announced the acquisition of two 58,000 dwt dry bulk vessels for a combined price of $56.6 million to be delivered in 3Q24. The acquisitions are aligned with the Company's strategy of upgrading its fleet to optimize TCE return. $ 9 .0 $ 11.6 1Q 24 1Q 23 MV Bulk Courageous - Ultramax MV Bulk Promise - Panamax MV Bulk Valor - Supramax MV Nordic Nuluujaak – Post Panamax(1) MV Nordic Qinnqua – Post Panamax(1) MV Nordic Sanngijug – Post Panamax(1) MV Nordic Siku – Divid e nd p ayo ut ha s inc re a s ...