ShippingWatch

US-based owner takes over entire Nordic Bulk Carriers

US-based company increases its ownership stake in Danish Nordic Bulk Carriers to 99.5 percent.

Pangea Logistics Solutions, primary shareholder in Danish Nordic Bulk Carriers, which pioneered sailing on the Northern Sea Route, has now virtually taken over full ownership of the carrier.

This is evident from Pangea Logistics Solutions' interim report, in which the company informs that it has increased its stake in Nordic Bulk Carriers from 51 percent to 99.5 percent.

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