Pangaea Logistics confirms purchase of bulker from K Line

Rhode Island-based Pangaea Logistics Solutions has publicly confirmed a TradeWinds report that it has boosted its owned fleet to 22 bulkers.

The Ed Coll-led bulker operator said in a securities filing after close of market in New York on Monday that it had paid $14.1m to acquire the 58,700-dwt Nantong K (built 2008). The ship's current owner is listed as K Line of Japan.