---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-23-000055"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:32:56.716322+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001606909-23-000055
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000055/0001606909-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000055/panl-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-23-000055
- JSON: https://secwatch.observer/filing/0001606909-23-000055.json
- Plain text: https://secwatch.observer/filing/0001606909-23-000055.txt

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