Pangea Logistics Solutions LTD. Announces Milestone 100th Voyage of MV Bulk Patriot with Noranda Bauxite and Alumina into the Mississippi River
NEWPORT, RI – October 30, 2017 - Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) announced that it has
completed its 100th voyage of the MV Bulk Patriot over a six-year period from 2011, in partnership with Noranda
Bauxite and Alumina, the operating companies of New Day Aluminum LLC. The route, which represents the largest
bulk volume on the Mississippi River, navigates from Noranda’s port at Discovery Bay, Jamaica, on the island’s north
coast, to Noranda’s facility in Gramercy, Louisiana, just upriver from New Orleans, transporting approximately
63,000 tons of bauxite per voyage. The milestone is a testament to the successful partnership these two firms have
developed and maintained with the support of the Mid-Ship Marine, the global ocean freight brokering division of
Mid-Ship Group LLC headquartered in New York.
“One hundred voyages is an important milestone and we are thrilled to be celebrating this with our great partners at
Noranda,” said Ed Coll, Chairman and Chief Executive Officer of Pangaea Logistics Solutions. “Noranda has shown
commendable commitment, dedication, and service in partnering with Pangaea, and we are proud of the fruitful
relationship that has ensued. Looking ahead, we see ample opportunity amidst an improving rate environment and an
upward trend in commodity prices, particularly in the price of iron ore. We are glad to be continuing to service this
route with Noranda to the benefit of our valued customers.”
David D’Addario, Chairman and Chief Executive Office of Noranda, commented, “Today’s milestone with Pangaea
and Mid-Ship reflects a continued commitment on all sides to deliver quality service along the Mississippi River,
where our firms have teamed up to be the largest carrier of dry bulk. We look forward to continuing to strengthen the
business for our facilities in Jamaica and Gramercy and look forward to future milestones and successful endeavors
in our relationship with Pangea and Mid-Ship.”
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.
About Noranda Bauxite and Noranda Alumina
Noranda Alumina and Noranda Bauxite are, respectively, the U.S. based alumina refining and Jamaican bauxite
mining assets that were acquired in late 2016 by the partners of DADA Holdings, an investment and management
company based in Fort Lauderdale, FL. DADA makes control investments and manages companies in basic
industries, such as metals and mining. Noranda Alumina produces smelter grade alumina (SGA) for the production
of aluminum as well as chemical grade alumina (CGA) which is used in a wide array of industrial applications.
Noranda Bauxite mines and ships bauxite for metallurgical and non-metallurgical applications globally.
The Mid-Ship Group, headquartered in New York with offices in key maritime centers in the U.S. and across the
international shipping market, is a third party service provider and a leader in dry bulk ocean freight and inland
logistics. The company provides a full range of services covering the entire supply chain, providing our clients with
a single point of management for their domestic and global cargo shipments. MID-SHIP’s global organization
provides our clients with a global competitive advantage through superior transportation services and dedicated
(212) 279-3115 x122
Noranda Alumina and Noranda Bauxite