The recent trend of shipping companies investing in other shipowners has a new development with interest in New York-listed niche-cargo specialist Pangaea Logistics Solutions.
It is private dry bulk operator SwissMarine that has emerged as a 5.3% owner in the Rhode Island-based owner in a recent filing with US securities regulators.
With a closing price of $6 per share on Thursday, SwissMarine’s holding of nearly 2.5m
