Pangaea Logistics acquires Ultramax bulk carrier for $17.1M, owned fleet to reach 25 vessels

Pangaea Logistics Solutions Ltd.

Purchase price USD 17.1 million for a 2010-built, 56,000 dwt Ultramax dry bulk vessel.
Vessel named Bulk Sachuest to be delivered in September or October 2022.
Owned fleet expands to 25 ships; total operated fleet stays at 50-60 vessels.
Vessel previously chartered-in for one year; fits core fleet for premium cargo contracts.

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