Pangaea Logistics Solutions Ltd. Hires New Vice President of Business Development - Ports & Logistics

Rhea-AI Summary

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) has appointed Brent Mahana as Vice President of Business Development for Ports & Logistics, effective May 9, 2022. Mr. Mahana brings over 30 years of experience in marine transportation and port management, aiming to expand Pangaea's services in the ports and logistics sector. Mark Filanowski noted that Mahana's addition will enhance the company's profile and align with its 'Door-to-Door' logistics vision. Pangaea provides logistics for various dry bulk cargoes and aims to strengthen client relations.

Positive

• Brent Mahana's extensive experience in marine transportation and port management is expected to drive business growth.
• Strengthened leadership in the Ports & Logistics division may improve client engagement and service offerings.

Negative

• None.

NEWPORT, R.I., May 9, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today the hiring of Brent Mahana as Vice President of Business Development – Ports & Logistics.

Mr. Mahana will bring over 30 years of experience in Marine Transportation, Stevedoring, Port & Terminal Management and related logistics activities, and will be focused on expanding opportunities in Pangaea's growing Ports and Logistics services business.   

Mark Filanowski commented, "Brent will further enhance Pangaea's profile in providing logistics solutions to clients within the dry bulk, break bulk and project cargo markets through Pangaea's existing fleet of ships and port operations. Continuing with the "Door-to-Door" vision of Pangaea's founder, Ed Coll, Brent will immediately add another layer of value for us and our clients by expanding our footprint in port and logistics activities."

His previous experience includes Director of Business Development at Metro Ports and Director of Business Development at Cooper Consolidated, as well as various positions at Grillot Land & Marine, Ohio River Barge Company and Dixie Offshore. 

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

GianniDel Signore	Emily Blum
Chief Financial Officer	Prosek Partners
401-846-7790	973-464-5240
Investors@pangaealscom	eblum@prosekcom

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.

FAQ

Who is the new Vice President of Business Development at Pangaea Logistics Solutions Ltd.?

Brent Mahana has been appointed as the new Vice President of Business Development for Ports & Logistics.

What is Brent Mahana's background?

Brent Mahana brings over 30 years of experience in marine transportation, stevedoring, and port management.

How does Brent Mahana's hiring impact Pangaea's business?

His hiring is expected to enhance Pangaea's service capabilities and expand opportunities in the Ports and Logistics sector.

What are the primary goals for Pangaea's Ports & Logistics services?

The primary goals include expanding logistics solutions for dry bulk, break bulk, and project cargo markets.