Pangaea Logistics Solutions has sold and leased back a 15-year-old supramax bulker as part of a deal to reduce indebtedness and expand its fleet.
The US-listed shipowner said it sold the 50,992-dwt Bulk Beothuk (built 2002) for $7m to an unnamed third party.
The Ed Coll-led shipowner said it has taken the vessel back on bareboat charter, but further details were few and far between.
