Pangaea Logistics Solutions, Ltd. (Pangaea), through its subsidiaries provides seaborn dry bulk logistics and transportation services. The Company utilizes its logistics proficiency to service a broad base of industrial customers to offers transportation services for a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. It addresses the logistics needs of its customers by offering cargo loading, cargo discharge, vessel chartering, voyage planning, and vessel technical management services. It provides logistics and transportation services to clients utilizing an ocean-going fleet of motor vessels in the Handymax, Supramax, Ultramax and Panamax segments. It operates over 20 vessels, which were wholly-owned or partially-owned through joint ventures and uses this fleet to transport approximately 25 million tons of cargo annually to nearly 250 ports worldwide.