The company, which is based in Rhode Island and sealed a Nasdaq listing just last month, shed light on the details in its third-quarter earnings report.

Pangaea pointed out that the first contract is with an existing counterparty and will involve the carriage of cargo in the Baltic Region between 2015 and 2017.

The second, which is backed by what management described as a new “blue chip client”, is scheduled to start next year and end in 2018.

The