Pangaea Logistics Solutions has forged a deal to sell a panamax bulker less than two months after the company’s chief executive said the outfit wanted to cash in on rising prices of its older vessels.
Shipbrokers in the US and UK said the New York-listed bulker owner and operator offloaded the 73,700-dwt Bulk Pangaea (built 1999) for $8.8m to an undisclosed buyer.
