Pangaea Logistics Solutions Appoints Paul Leand to Board for Strategic Growth

Pangaea Logistics Welcomes New Board Member to Enhance Strategic Direction

Pangaea Logistics Solutions Ltd. announces the appointment of Paul M. Leand, Jr. as a Class III director on its Board of Directors, effective immediately. Leand brings over two decades of experience in the maritime shipping industry, currently serving as Managing Director and CEO of AMA Capital Partners, the only U.S. merchant banking partnership dedicated to the transportation, energy, and offshore sectors. His extensive background positions him as a valuable addition to Pangaea, which specializes in seaborne dry bulk logistics and transportation services.

Richard du Moulin, Chairman of Pangaea’s Board, expresses enthusiasm for Leand’s appointment, citing his deep industry knowledge as a significant asset aligned with the company’s goals. Leand's experience is expected to bolster Pangaea's strategic initiatives and enhance its operational capabilities. His commitment to collaborating with fellow board members and the management team indicates a focused approach towards driving sustained value for shareholders, in line with Pangaea’s mission to optimize logistics solutions for its diverse clientele.

The timing of Leand's appointment coincides with a Cooperation Agreement with Strategic Shipping Inc., which includes standard terms such as standstill restrictions and voting commitments. This agreement is set to be disclosed to the U.S. Securities and Exchange Commission, ensuring transparency and regulatory compliance. As Pangaea Logistics continues to cater to various industrial clients transporting a wide range of dry bulk materials—such as grains, coal, and iron ore—the addition of Leand to the board marks a strategic move to strengthen the company’s leadership and enhance operational efficiency.

In addition to the new board appointment, Pangaea Logistics Solutions maintains its focus on providing a comprehensive suite of services, including cargo loading and discharge, port operations, vessel chartering, and technical management. These services are designed to meet the logistics needs of their diverse customer base effectively.

For more information about Pangaea Logistics Solutions and its offerings, interested parties can visit their website at www.pangaeals.com. The company’s strategic initiatives and leadership changes reflect its commitment to advancing its position in the maritime logistics industry.