NEWPORT,
R.I., Oct. 12, 2023 /PRNewswire/ -- Pangaea
Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq:
PANL), a global provider of comprehensive maritime logistics
solutions, today announced that its 95,000 dwt. post- panamax dry
bulk carrier, Nordic Nuluujaak, has been awarded the Class Silent
(E) Notation by DNV, making it the first dry bulk carrier to ever
receive the certification. The Silent (E) Notation is a select
designation given to vessels with a demonstrated ability to
effectively reduce environmental noise emissions, consistent with a
focus on protecting sensitive marine ecosystems. Nordic Nuluujaak
was built in 2021 at Guangzhou International Shipyard, along with
three sister ships for which Silent (E) notation is under
analysis.
"Every part of our oceans where we operate is environmentally
important, particularly within the ecologically sensitive habitats
where our ice class vessels transit, such as the Arctic Ocean,"
said Mark Filanowski, Pangaea's
Chief Executive Officer. "Our newest vessels are not only designed
to operate with lower carbon emissions, they also materially reduce
underwater noise, positioning us to further reduce our overall
environmental impact. With our industry looking for ways to
mitigate ecological impact, hidden noise impacting underwater
wildlife should be considered, as well. We are happy we took the
first step in working toward Silent (E) notation for these four
vessels."
ABOUT PANGAEA LOGISTICS SOLUTIONS LTD.
Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) provides
logistics services to a broad base of industrial customers who
require the transportation of a wide variety of dry bulk cargoes,
including grains, pig iron, hot briquetted iron, bauxite, alumina,
cement clinker, dolomite, and limestone. The Company addresses the
transportation needs of its customers with a comprehensive set of
services and activities, including cargo loading, cargo discharge,
vessel chartering, and voyage planning. Learn more at
www.pangaeals.com.
INVESTOR RELATIONS CONTACTS
Gianni Del Signore
Chief Financial Officer
401-846-7790
Investors@pangaeals.com
Noel Ryan or Stefan Neely
Vallum Advisors
PANL@val-adv.com
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SOURCE Pangaea Logistics Solutions LTD