Friday, February 8, 2019

Pangaea Logistics Solutions (PANL)

NobleCon XV presentation highlights strong competitive position.

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. 

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

• NobleCon XV presentation highlights
  strong competitive position. CFO Gianni Del Signore presented at our conference and he highlighted the the three pillars of the long-standing and consistent operating strategy. PANL remains focused on: 1) executing a unique business model generates solid revenue outperformance versus dry bulk market indices; 2) maintaining a unique asset base and opportunistic growth strategy with well-timed acquisitions; and 3) utilizing a cargo centric approach capitalizes on strong customer relationships and tempers exposure to shipping market cycles. The business model has generated consistent results over several dry bulk cycles and no surprises are expected when FY2018 operating results are reported in early March.
• Transportation Panel at NobleCon XV offered
  positive views of the dry bulk market. Our conference panel of five seasoned executives from three dry bulk and two tanker companies reinforc…
  
  
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