Pangaea Logistics completes acquisition of port terminal operations from Host Terminals

Pangaea Logistics Solutions Ltd.

Acquired marine port terminal operations in Port Everglades/Ft. Lauderdale, Port of Palm Beach (FL) and Port of Baltimore (MD) from Host Terminals LLC.
All-cash transaction; immediately accretive to Pangaea’s earnings per share.
Expands North American terminal network into mid-Atlantic and southeastern US, adding dry bulk distribution capabilities.
Deal was previously announced; completion announced on June 1, 2023.

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