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Pangaea Logistics Solutions Acquires New Vessel to Support Bulk Fleet

angaea Logistics Solutions Ltd., a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company’s bulk fleet. This new vessel is set to be renamed and will be fully utilized in the Noranda trade, supporting Pangaea’s continuous transportation capabilities to Noranda Alumina and Noranda Bauxite on a long-term contractual basis. The acquisition adds to Pangaea’s fleet of panamax, ultramax and supramax ships used for supply chain logistics and shipping.

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K Line sells third bulker in the space of a month APRIL 13TH, 2016 Hans Thaulow HANS THAULOW ASIA, DRY CARGO 0 COMMENTS Kawasaki Kisen Kaisha (K Line) is attempting to shave off its third reported bulker of the year, all within a month. The sale is no surprise and plenty more bulker sales from the Japanese giant are expected to follow as K Line has publicly stated it intends to cut back its exposure to the sector. Sources tell Splash that the diverse owner has just sold the 10-year-old panamax Serenata, although the deal has still to be totally finalised. Goldenport Holdings, tipped as the buyer of the ship, is said to have paid $6m for the ship, which would be a good deal for the Greek owner with online portal VesselsValue.com setting the market value for the ship at $7.30m. http://splash247.com/k-line-sells-third-bulker-in-the-space-of-a-month/