PANGAEA LOGISTICS SOLUTIONS LTD. (NASDAQ:PANL) Files An 8-K Regulation FD Disclosure
Regulation FD Disclosure.
statements within the meaning of the Private Securities
Litigation Act of 1995. These forward-looking statements are
based on our current expectations and beliefs and are subject to
a number of risk factors and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. The Company disclaims any obligation
to publicly update or revise these statements whether as a result
of new information, future events or otherwise, except as
required by law. Such risks and uncertainties include, without
limitation, the strength of world economies and currencies,
general market conditions, including fluctuations in charter
rates and vessel values, changes in demand for dry bulk shipping
capacity, changes in our operating expenses, including bunker
prices, dry-docking and insurance costs, the market for our
vessels, availability of financing and refinancing, charter
counterparty performance, ability to obtain financing and comply
with covenants in such financing arrangements, changes in
governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future
litigation, general domestic and international political
conditions, potential disruption of shipping routes due to
accidents or political events, vessels breakdowns and instances
of off-hires and other factors, as well as other risks that have
been included in filings with the Securities and Exchange
Commission, all of which are available at www.sec.gov.
Financial Statements, Pro Forma Financial Information
Press Release of Pangaea Logistics Solutions Ltd. dated
June 14, 2017>announcing pricing of private placement.
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.