Pangaea Logistics ups stake in Nordic Bulk Holding

Pangaea Logistics Solutions has announced that it has acquired an additional one third equity interest in Nordic Bulk Holding (NBHC), increasing its shareholding in NBHC to 66.7%.  NBHC currently owns six panamax bulk vessels which are time chartered to and operated by Pangaea’s wholly-owned subsidiary, Nordic Bulk Carriers. The purchase price of the equity interest is $22.5m. …

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