Newport, R.I.-based Pangaea Logistics Solutions Ltd. [Nasdaq: PANL] reports that it has completed its previously announced combination of its existing dry-bulk fleet with 15 handy-size dry bulk vessels owned by privately-held Strategic Shipping Inc., whose operations are conducted under the name of M.T. Maritime.
“We are starting the new year with an expanded complement of vessels that provide new offerings to existing and new clients of Pangaea and Strategic, along with a larger core of...