0001606909-15-000048.txt : 20150831 0001606909-15-000048.hdr.sgml : 20150831 20150831110727 ACCESSION NUMBER: 0001606909-15-000048 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150828 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150831 DATE AS OF CHANGE: 20150831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pangaea Logistics Solutions Ltd. CENTRAL INDEX KEY: 0001606909 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36798 FILM NUMBER: 151083926 BUSINESS ADDRESS: STREET 1: 109 LONG WHARF CITY: NEWPORT STATE: RI ZIP: 02840 BUSINESS PHONE: 401 846 7790 MAIL ADDRESS: STREET 1: 109 LONG WHARF CITY: NEWPORT STATE: RI ZIP: 02840 FORMER COMPANY: FORMER CONFORMED NAME: Quartet Holdco Ltd. DATE OF NAME CHANGE: 20140430 8-K 1 a8-kcover.htm 8-K 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
______________
 
FORM 8-K
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
 
Date of Report (Date of earliest event reported): August 31, 2015
 
 
PANGAEA LOGISTICS SOLUTIONS LTD.
(Exact Name of Registrant as Specified in Charter)
 
Bermuda
001-36139
N/A
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
 
109 Long Wharf, Newport, Rhode Island 02840
(Address of Principal Executive Offices) (Zip Code)
 
(401) 846-7790
(Registrant’s Telephone Number, Including Area Code)
 
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
 







Item 7.01
Regulation FD Disclosure.

The press release contains summary information regarding the Company. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. Statements in this Current Report on Form 8-K, may contain certain statements about the Company and its consolidated subsidiaries that do not directly or exclusively relate to historical facts. The statements are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are necessarily estimates reflecting the best judgment and current expectations, plans, assumptions and beliefs about future events (in each case subject to change) of the Company’s senior management and management of its subsidiaries and involve a number of risks, uncertainties and other factors, some of which may be beyond the Company’s control that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “should,” “would,” “expect,” “positioned,” “strategy,” “future,” “potential,” “plan,” “forecast,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements are discussed under the heading “Risk Factors” and “Forward-Looking Statements” in the company’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as they may be updated in any future reports filed with the SEC. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, the Company’s actual results, performance, or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and the Company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. The information in this Current Report, including the exhibit attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933.


 
Item 9.01
Financial Statements, Pro Forma Financial Information and Exhibits.

 
(d)
Exhibits
Exhibit
Description
 
99.1
Press Release of Pangaea Logistics Solutions Ltd. dated August 31, 2015 announcing that Pangaea Logistics Solutions' m/v Nordic Orion Completes Pioneering Voyage from Baffin Island to Europe






SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: August 31, 2015
 
PANGAEA LOGISTICS SOLUTIONS LTD.
 
 
 
By: 
/s/ Anthony Laura
 
 
Name: Anthony Laura
Title: Chief Financial Officer
 
 



EX-99.1 2 a8-kpressreleasexbaffinisl.htm EXHIBIT 99.1 8-K



Pangaea Logistics Solutions' MV Nordic Odin Completes Pioneering Voyage from Baffin Island to Europe

Industry first highlights unique ice-class capabilities and expertise

August 31, 2015 08:57 AM Eastern Daylight Time

NEWPORT, RI - Pangaea Logistics Solutions Ltd. (“Pangaea” or the “Company”) (NASDAQ: PANL) announced today that the MV Nordic Odin, which is operated by its subsidiary Nordic Bulk Carriers A/S, completed the first Panamax shipment of iron ore from Baffin Island, Canada to Europe through the arctic ice.

The MV Nordic Odin, one of the Company’s joint ventured owned 1A ice-class Panamax vessels sailed from Milne Port on August 12, 2015 and arrived at Gijon, Spain on August 23. Shipments from the new iron ore mine on Baffin Island to Europe will provide significant summer employment for the Company’s ice-class fleet over the coming years.

“We are proud to bring previously unavailable high-quality iron ore into the international market for a valued client utilizing our unique ice-class capabilities,” said Mads Petersen, Managing Director of Nordic Bulk Carriers A/S. “This strategy is underpinned by an unmatched fleet comprising the majority of the world's 1A ice-class Panamaxes and crews that are some of the most capable and experienced in the industry.”

Ed Coll, Chairman and Chief Executive Officer of Pangaea Logistics Solutions, added, “This groundbreaking voyage is another example of our differentiated approach to delivering dry-bulk logistics solutions for our clients that sets us apart from our competition. We look forward to continuing to leverage our unique expertise and strong client relationships to grow this segment of our business.”

Mr. Petersen closed by noting, “In addition to being trusted partners for our clients, we consider ourselves to also be valuable partners of the local communities we operate in and are excited to be part of this project which will benefit the Nunavut region for many years to come.”

About Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com.
CONTACT:
INVESTOR RELATIONS:
Prosek Partners
Thomas Rozycki
Managing Director
(212) 279-3115 x208
trozycki@prosek.com