(In the first version of this article it said that Pangaea had a deficit in the third quarter of USD 6.1 million. This is not correct. The company had a net income of USD 6.1 million)
With a net income of USD 6.1 million, US-based Pangaea Logistics has emerged from the third quarter this year in better shape than in the same period last year, which came to a deficit of USD 3.0 million, according to the interim report for the company, which is known for owning Nordic Bulk Carriers, a Danish specialist in dry cargo sailing in icy waters.
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