Monday, January 25, 2021
Pangaea Logistics Solutions Ltd. (PANL)
NobleCon 17 Presentations Reinforce Positive Trends
Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The firm’s services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters. Its strategy depends on focusing on increasing strategic contracts of affreightment, expanding capacity and flexibility by increasing its owned fleet and increasing backhaul focus and fleet efficiency.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
NobleCon17 presentations highlight firmer dry bulk market and unique business model. Managing Director Mads Boye Peterson and CFO Gianni DelSignore offered a solid case for PANL in a presentation last week, and Mads highlighted the positive trends in the dry bulk market on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.
Unique cargo-focused strategy generates rate outperformance and enhances operating flexibility. The strategy adds operating leverage through chartering-in vessels to meet cargo demand. Charter strategy allows control/management of 45-60 vessels, including 17 owned vessels. The balanced strategy generates positive results across different rate environments and consistent rate outperformance …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.