For some, the image of a shipowner is an outfit that wants to buy low, sell high and in between deals with the unpleasantness of actually running vessels — perhaps skimming some management fees from a public company in the process.
Rhode Island-based Pangaea Logistics Solutions is the opposite.
Time and again, the Ed Coll-led bulker operator has shown a willingness to get its hands dirty with the cargo end of the business — whether that means hauling iron ore from remote Baffin Island in northern Canada, bauxite from Jamaica or even taking over a terminal operation as it has in Charleston, South Carolina.
