Canadian Shipper


Pangaea Logistics Solutions takes delivery of new panamax dry bulk carriers

NEWPORT, R.I.–Pangaea Logistics Solutions, Ltd. has taken delivery of the Nordic Olympic and the Nordic Odin, both 76,180 dwt 1A ice-class panamax dry bulk carriers. The Company took delivery of both vessels from Oshima Shipbuilding Co. Ltd. Financial terms were not disclosed.

The Nordic Olympic, which was delivered on February 6, 2015, is currently on a sixty-day repositioning charter carrying coal from British Columbia to Poland. The Nordic Odin, which was delivered February 13, 2015, is currently on a thirty-day charter also carrying coal from the Russian Pacific to Japan.

“We are pleased to announce the delivery of the sister ships Nordic Olympic and Nordic Odin, further expanding our leadership position in the ice-class segment. Pangaea’s operational excellence and commitment to environmental safety in the ice-class trade continues to position our Company as a preferred partner for moving cargo through these increasingly important trade routes.” said Ed Coll, CEO of Pangaea Logistics Solutions.

Pangaea currently owns and operates seven ice-class vessels, and is one of a select few operators with access to routes through both the Northern Sea Route and the Northwest Passage.

Julia Kuzeljevich

Julia Kuzeljevich

Julia Kuzeljevich is Editor of Canadian Shipper. She has been writing about transportation and logistics issues since 1999.
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