Pangaea Logistics acquires secondhand supramax bulker

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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