Pangaea Logistics Gains from New Board Member

Pangaea Logistics appoints Eugene I. Davis as new board member, replacing Christina Tan. Davis brings forty years of experience in enhancing shareholder value and corporate strategy. Shares surge 2.2% in afternoon trading, settling at $7.17, up 3.1% from prior close. Despite volatility, investors view news positively. Recent quarter shows strong results, with adjusted EBITDA up 18% YOY. Merger with SSI expands market reach and improves logistics. Year-to-date, shares up 27%, near 52-week high. A $1,000 investment five years ago would now be worth $2,568, indicating long-term potential.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.