Pangaea Logistics Solutions, Ltd. grew out of Phoenix Bulk Carriers, established in the 1990s, and built its reputation by pairing dry-bulk shipping with tailored logistics projects. The company’s timeline highlights early expansion into Europe and the polar trades through the creation of Nordic Bulk Carriers, including pioneering commercial transits along the Northern Sea Route and the Northwest Passage. It is headquartered on Long Wharf in Newport, Rhode Island, with additional offices supporting worldwide operations.
The core business combines seaborne dry-bulk transportation with end-to-end logistics design and execution. Beyond moving commodities, Pangaea plans, builds, and operates port projects—activities that have included constructing a loading port in Newfoundland and expanding a terminal in Charleston, as well as acquiring stevedoring and terminal operations at major U.S. ports to deepen its service offering. This blend allows the company to integrate vessel employment with shoreside infrastructure where customers need it.
Commercially, Pangaea operates a mix of owned and chartered vessels across the workhorse dry-bulk sizes, supplemented by a distinctive high-ice-class fleet for Arctic service. Company materials describe an operating model that flexes between period employment and spot opportunities, supported by specialized ice-class 1A tonnage developed under the Nordic brand for reliable performance in demanding environments. Historical releases and presentations emphasize the “ice niche” as a defining capability within its broader bulk platform.
Over time, Pangaea has expanded and refreshed its platform through strategic combinations and asset additions while maintaining a focus on port, project, and logistics services tied to commodity flows. Public disclosures describe fleet growth initiatives and terminal footprints across multiple U.S. locations, reflecting a model designed to link ships, terminals, and tailored contracts of affreightment under one umbrella. Earlier corporate actions, including the public-listing transaction with Quartet Merger Corp., sit in that same arc of building a specialized, logistics-centered dry-bulk company.