---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-22-000083"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2022-08-23T23:59:59+00:00"
generated_at: "2026-06-23T22:00:21.043667+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001606909-22-000083
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2022-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690922000083/0001606909-22-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690922000083/panl-20220823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-22-000083
- JSON: https://secwatch.observer/filing/0001606909-22-000083.json
- Plain text: https://secwatch.observer/filing/0001606909-22-000083.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.