---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-23-000069"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:16:33.702127+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pangaea Logistics completes acquisition of port terminal operations from Host Terminals

## Summary
- 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.

## SEC filing metadata
- accession: 0001606909-23-000069
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000069/0001606909-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000069/panl-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-23-000069
- JSON: https://secwatch.observer/filing/0001606909-23-000069.json
- Plain text: https://secwatch.observer/filing/0001606909-23-000069.txt

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