NEWPORT,
R.I., Feb. 15, 2024 /PRNewswire/ -- Pangaea
Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:
PANL), a global provider of comprehensive maritime logistics
solutions, announced today that its Board of Directors has declared
a quarterly cash dividend of $0.10
per common share to be paid on March 15,
2024 to all shareholders of record as of March 1, 2024.
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
|
Stefan C.
Neely
|
Chief Financial
Officer
|
Vallum
Advisors
|
401-846-7790
|
PANL@val-adv.com
|
Investors@pangaeals.com
|
|
Forward-Looking Statements
Certain statements in this
press release are "forward-looking statements" within the meaning
of the Private Securities Litigation Act of 1995. These
forward-looking statements are based on our current expectations
and beliefs and are subject to a number of risk factors and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The Company
disclaims any obligation to publicly update or revise these
statements whether as a result of new information, future events or
otherwise, except as required by law. Such risks and uncertainties
include, without limitation, the strength of world economies and
currencies, general market conditions, including fluctuations in
charter rates and vessel values, changes in demand for dry bulk
shipping capacity, changes in our operating expenses, including
bunker prices, dry-docking and insurance costs, the market for our
vessels, availability of financing and refinancing, charter
counterparty performance, ability to obtain financing and comply
with covenants in such financing arrangements, changes in
governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation,
general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events,
vessels breakdowns and instances of off-hires and other factors, as
well as other risks that have been included in filings with the
Securities and Exchange Commission, all of which are available at
www.sec.gov.
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SOURCE Pangaea Logistics Solutions LTD