Pangaea Linked To Borealis Bulker Acquisition

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According to brokers, US-based dry bulk owner Pangaea Logistics Solutions has added to its fleet of bulkers, reports Splash 247.

Vessel details

Pangaea is said to have handed over $19.9m to Borealis Finance for 2009-built panamax bulker Berlin.

The vessel, built at Imabari’s Shin Kasado, comes fitted with a BWTS and a time charter attached through to March 2022.

Pangaea’s fleet

Pangaea currently operates a fleet of some 50 dry bulk vessels, with 21 currently owned or partially owned.

The sale would leave Borealis with just one bulker left in its diverse fleet of ships.

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Source: Splash 247

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