Strategic Shipping Inc. Significantly Expands Its Stake in Pangaea Logistics Solutions (PANL)

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) is one of the best shipping and container stocks to invest in now. On June 18, new insider activity took place at Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) with Strategic Shipping Inc. significantly expanding its stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) through the purchase of 39,524 shares.

A cargo ship at sea, its journey powered by the wind and waves.

Strategic Shipping Inc. is a significant shareholder, and the acquisition is valued at around $182,996, reflecting its optimism for Pangaea Logistics Solutions, Ltd.’s (NASDAQ:PANL) future prospects.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) provides seaborne dry bulk logistics and transportation services to industrial customers across the globe. The company services customers by transporting dry bulk cargoes, including iron ore, grains, coal, pig iron, hot briquetted iron, cement clinker, bauxite, limestone, and other materials.

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Disclosure: None. This article is originally published at Insider Monkey.