On November 7, 2019, Pangaea Logistics Solutions Ltd. (the “Company”) announced that its Board of Directors has declared a quarterly cash dividend of $0.035 per common share, to be paid on December 3, 2019 to all shareholders of record as of November 21, 2019. A copy of the press release is filed herewith as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.

Pangaea Logistics Solutions Ltd. Exhibit
EX-99.1 2 q319-pressreleaseannouncin.htm EXHIBIT 99.1 PRESS RELEASE ANNOUNCING CASH DIVIDEND Exhibit Pangaea Logistics Solutions Announces Quarterly Cash DividendNEWPORT,…
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About PANGAEA LOGISTICS SOLUTIONS LTD. (NASDAQ:PANL)

Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company addresses the transportation needs of its customers by undertaking a set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The Company uses a mix of owned and chartered-in motor vessels to transport over 18.3 million deadweight tons (dwt) of cargo to approximately 100 ports across the world, averaging over 40 vessels in service. The Company’s owned fleet includes eight Panamax drybulk carriers, four Supramax drybulk carriers and two Handymax drybulk carriers. Its vessels include Nordic Orion, Nordic Odyssey and Bulk Trident.