Rhode Island-based Pangaea Logistics Solutions has brought its owned fleet to an even 20 with the acquisition of a supramax bulker on the secondhand market.
The Nasdaq-listed owner, headquartered in Newport, has splashed out $13m for the 53,000-dwt Nikkei Dragon (built 2009).
Pangaea did not report the vessel name or seller, but databases point to Nikkei Dragon and owner Tamai Steamship, an MOL group company.
