1996-2001
Ed Coll Establishes
Phoenix Bulk Carriers
- Opens offices in Bermuda, Newport, RI and Rio De Janeiro, Brazil
- Builds cargo book
- Purchases first vessel,
Panamax M/V Cinzia Damato - Largest shipment of pig iron into the U.S.A.
- Largest shipment of steel slabs into the U.S.A.
- First shipments of pig iron into the ports of Charleston, S.C. for Nucor & Beaumont, Texas
2002-2008
- Rides market wave into 2008
- Purchases many additonal vessels, some
in joint venture with Intrepid Shipping - Creates Seamar Management
in Athens, Greece to manage “technical management” of owned tonnage - Disposes of most owned assets in anticipation of major market correction- achieves goal
2009-2011
- Creates new company with new
investor base led by Cartesian Capital - Responds strongly to financial crisis
- Purchases new vessels at lower pricing
- Creates joint venture with long-term
partner Noranda Aluminum for the
carriage and logistics of bauxite
movement from Jamaica to New Orleans - Creates Nordic Bulk Carriers in Denmark
in order to expand into Europe and
ice trades, giving the company premier
status in ice class dry bulk - Nordic Bulk operates the first non-Russian
dry bulk carrier on the Northern Sea Route
2012-2013
- Establishes large position of exports
with Canadian mine owner - Purchases first ice class 1A Panamax
- Nordic operates first dry bulk vessel
to transit Northwest Passage - Established new venture with
Glencore and Onassis Foundation - Places 6 ice class ship newbuilding
order with Oshima Shipyard
2014-2015
- Forms Pangaea Logistics Solutions
Ltd. as public company on NASDAQ - Takes delivery of the first 3 ice class newbuildings in a series of 6
- Baffinland Iron Mines makes long
term commitment for ice requirements - Noranda Aluminum extends COA
by 10 years and an additonal 35
million metric tons
2016
- Takes delivery of 4th ice class 1A
newbuilding vessel - Operates profitably in historically
worst dry bulk market ever - Takes delivery of 2 ice class 1C
newbuilding Ultramaxes to
complete order of 6 vessels - Accesses Japanese finance markets
with Sale-Lease Back transactions - Celebrates 20 years in business
2017
- Russian producer VostokCoal teams with Nordic Bulk on new fleet initiative in the
Northern Arctic - Pangaea continues to expand owned fleet
at the beginning of positive market and
grow land & sea logistics trade including
the purchases of necessary equipment - Takes part in Charleston, S.C. terminal
project- designs & coordinates 1 new
port facility & 1 temporary port facility - Continues profitability with unique business model-focus on cargo more than assets
- Pangaea owned Bulk Patriot makes
100th voyage over a six-year period
2018
- Pangaea crew rescues 9 distressed
people onboard capsized vessel off
Freeport, Bahamas - Purchases M/V Bulk Spirit, which
is the 19th owned vessel in the fleet - Extends ice COA with Baffinland
for an additional 10 years - Extends COA with Noranda into 2032, including coverage for 3 vessels to
shuttle and the development of
logistics services
2023
- Pangaea acquires port terminal operations in Florida and Maryland; Pangaea Port Everglades and Pangaea Baltimore
- Pangaea announces One Pangaea Brand
- Rebrands the operating entities, Nordic Bulk Carriers, Americas Bulk Transport and Phoenix Bulk Carriers
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