Pangaea acquires three port terminal operations from Host Terminals for under $10M

Pangaea Logistics Solutions Ltd.

Acquires marine port terminals at Port Everglades/Ft. Lauderdale, Port of Palm Beach, and Port of Baltimore from Host Terminals LLC (T. Parker Host).
All-cash purchase price under $10 million; expected to close in Q2 2023, subject to regulatory review.
Expands Pangaea's North American terminal network to mid-Atlantic and southeastern US, adding dry bulk distribution capabilities.
CEO Mark Filanowski says deal extends service relationship beyond ocean freight, adding onshore logistics in two new ports.
Existing employees of Host operations will join Pangaea to maintain service continuity.

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