Pangaea Logistics Solutions Welcomes Paul M. Leand, Jr. to Board

Pangaea Logistics Solutions Welcomes Paul M. Leand, Jr. to Board of Directors

Pangaea Logistics Solutions Ltd., a prominent player in maritime logistics, has made headlines with the announcement of Paul M. Leand, Jr. joining its Board of Directors as a Class III director. The effective date of this appointment is immediate, marking a significant enhancement in the leadership of the company, which trades on NASDAQ under the ticker symbol PANL.

With more than 20 years of experience in the maritime industry, Leand is well-qualified to provide valuable insights and strategic direction. He serves as the Managing Director and CEO of AMA Capital Partners, a unique merchant banking firm in the U.S. specializing exclusively in transportation, energy, and offshore sectors. His extensive background enables him to provide relevant guidance as Pangaea continues to navigate the complexities of the maritime logistics landscape.

Richard du Moulin, the Chairman of the Board at Pangaea, stated, “We are thrilled to have Paul bring his wealth of experience to our Board of Directors. His understanding of the maritime shipping industry significantly bolsters our Board's capabilities, showcasing Pangaea’s dedication to enhancing shareholder value.” This sentiment reinforces the importance Pangaea places on having a robust and knowledgeable Board to drive the company forward.

Mr. Leand expressed his enthusiasm upon joining Pangaea, saying, “I am honored to join Pangaea’s Board of Directors. Collaborating with my fellow directors and the management team is something I eagerly look forward to, as we strive to build on the company’s momentum and provide lasting benefits for shareholders.”

The appointment of Mr. Leand is not merely a strategic selection but follows a Cooperation Agreement between Pangaea and Strategic Shipping Inc. This agreement includes standard practices, such as standstill restrictions and voting commitments, and will be officially filed with the U.S. Securities and Exchange Commission under the Current Report on Form 8-K, ensuring transparent governance practices.

Pangaea Logistics Solutions Ltd. prides itself on its comprehensive maritime logistics services. The company offers seaborne dry bulk logistics solutions, transportation, terminal, and stevedoring services, catering to a diverse industrial client base. The range of dry bulk cargoes transported includes essential commodities like grains, coal, and various minerals. Pangaea's intricate logistics portfolio includes cargo loading and discharge, voyage planning, and technical management of vessels, positioning the company as a leader in efficient logistical management.

The decision to appoint Leand aligns with Pangaea's ongoing ambition to improve operational practices and maintain a high-quality governance framework. By integrating experienced professionals like Mr. Leand into its leadership, Pangaea aims to reinforce its market position and continue delivering exceptional service to its clients.

In conclusion, the addition of Paul M. Leand, Jr. to Pangaea Logistics Solutions Ltd. underscores a strategic move to enhance its Board's expertise and commitment to long-term shareholder value. It reflects a thoughtful approach to governance and leadership in the dynamic maritime logistics industry, ensuring that Pangaea remains at the forefront of the sector and can adeptly respond to the challenges and opportunities that lie ahead.

For more details about Pangaea, including their services and operational insights, you can visit Pangaea’s official site.