On September 20, 2021, Pangaea Logistics Solutions Ltd. reported that its Chairman and Chief Executive Officer, Ed Coll, is not able to perform his duties due to a sudden non-covid related illness and will be on medical leave. In Mr. Coll’s absence, the Board has appointed Mark Filanowski as interim Chief Executive Officer. Mr. Filanowski will also continue to serve in his capacity as Chief Operating Officer of the Company until Mr. Coll is able to return to his position as CEO and Chairman.
Pangaea Logistics Solutions Ltd. is a provider of seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. The Company offers services to a base of industrial customers who require the transportation of a variety of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels (m/v) in the Handymax, Supramax, Ultramax and Panamax and Post-Panamax segments. The Company operates 26 vessels which are wholly owned or partially-owned through joint ventures. The Company provides logistics services and commercially manages its fleet primarily from offices in Newport, Rhode Island, Copenhagen, Denmark and Singapore. Its logistics services and activities include cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management.