Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Merge Dry Bulk Vessel Fleets in All-Stock Transaction

Pangaea Logistics Solutions and M.T. Maritime Management have announced an agreement to merge their fleets of dry bulk vessels through an all-stock transaction. This strategic move aims to enhance operational efficiencies and expand their market reach within the shipping industry. The collaboration is expected to create a more competitive entity, enabling both companies to leverage their strengths and resources effectively in the maritime sector. Further details about the merger and its implications for the companies and stakeholders involved will be provided as the transaction progresses.