AmericasDry Cargo

Pangaea Logistics acquires secondhand supramax bulker

Nasdaq-listed dry bulk shipowner Pangaea Logistics Solutions has announced the acquisition of a secondhand 53,000 dwt supramax bulk carrier.

The 2009 Japanese-built vessel, to be named Bulk Spirit, will join the company’s fleet in early 2019 and increase the company’s fleet to 20 vessels.

The purchase price for the vessel is $13m.

“This 2009 Japanese built 53,000 dwt dry bulk vessel, with 30 ton cranes and grabs, fits perfectly in our operating fleet, and will support our clients’ dry-bulk cargo requirements,” said Ed Coll, Pangaea’s chief executive officer.

Splash understands the ship is Nikkei Dragon, owned by Japanese owner Tamai Steamship.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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