Pangaea Appoints Paul Leand to Board of Directors, Enhancing Maritime Expertise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2025
0mins
Source: PRnewswire
- New Board Member: Pangaea Logistics Solutions Ltd. has appointed Paul M. Leand, Jr. as a Class III director, enhancing the company's maritime expertise with over 20 years of industry experience, aimed at boosting shareholder value.
- Industry Background: Leand serves as CEO of AMA Capital Partners, the only merchant banking firm in the U.S. focused on transportation, energy, and offshore industries, and his extensive knowledge is expected to provide critical support for Pangaea's strategic decisions.
- Cooperation Agreement: This appointment follows a Cooperation Agreement with Strategic Shipping Inc., which includes customary terms such as voting commitments and standstill restrictions, ensuring board stability and cohesion.
- Commitment to Shareholder Value: Pangaea's Chairman Richard du Moulin stated that this appointment reflects the company's dedication to maintaining a highly qualified board, aiming to leverage Leand's expertise to drive sustained growth and enhance shareholder value.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PANL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PANL
About PANL
Pangaea Logistics Solutions Ltd. is a provider of seaborne dry bulk logistics and transportation services as well as terminal and stevedoring services. The Company offers services to a base of industrial customers who require the transportation of a variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. It provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels (m/v) in the Handymax, Supramax, Ultramax and Panamax and Post-Panamax segments. The Company addresses the logistics needs of its customers by undertaking a comprehensive set of services and activities, including cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and vessel technical management. It provides logistics services and commercially manages its fleet primarily from offices in Newport, Rhode Island, Copenhagen, Denmark and Singapore.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
EuroDry Focuses on Mid-Sized Dry Bulk Market with Manageable Order Book Levels
- Market Dynamics Analysis: Mr. Pittas of EuroDry emphasized the company's focus on the mid-sized dry bulk market, avoiding smaller Handysize and larger Capesize vessels, aiming to enhance competitiveness through precise market positioning.
- Financial Leverage Strategy: Mr. Pittas mentioned a target loan-to-value ratio of 50% to ensure resilience during downturns while enhancing equity returns, reflecting a cautious approach to market volatility.
- Order Book Management: Mr. Pittas pointed out that order book levels for Kamsarmax and Ultramax stand at 14% and 11.5%, respectively, aligning with historical norms and indicating long-term stability in the industry.
- Shifts in Chinese Demand: Mr. Norton noted that Chinese steel exports and power demand from AI data centers are driving long-haul shipping demand for iron ore and coal, indicating a market shift favorable to dry bulk transportation.
Continue Reading
Pangaea Appoints Eugene I. Davis to Board of Directors as Class II Director
- Board Changes: Pangaea Logistics Solutions Ltd. appoints Eugene I. Davis as a Class II director, effective immediately, replacing the resigned Christina Tan, indicating a strategic shift in board composition.
- Independence Confirmation: The board confirms Davis's independence under Nasdaq standards, and with his 40 years of industry experience, he is expected to bring new perspectives and strategic guidance to enhance shareholder value creation.
- Strategic Background: As CEO of PIRINATE Consulting Group LLC, Davis's extensive corporate strategy consulting experience is anticipated to drive Pangaea's long-term growth in a complex market environment.
- Investor Agreement: This appointment is made pursuant to the Investor Rights Agreement signed with Strategic Shipping Inc. on December 30, 2024, highlighting the close collaboration between the company and its major shareholders.
Continue Reading