Pangaea Logistics Solutions has made a rare excursion into the secondhand dry bulk market to pick up an nine-year-old ultramax bulker.
The Mark Filanowski-led niche-cargo specialist said it has paid $26.6m for the unnamed 61,000-dwt 2014-built ship, which it had previously chartered.
UK valuation platform VesselsValue said the ship is the Japanese-built CL Ebisu, formally owned by Belgian owner Conti-Lines.
