Pangaea Logistics Solutions Appoints Karen H. Beachy to Board

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today it has appointed Karen H. Beachy to its Board of Directors.

Ms. Beachy has a broad background in operations and supply chain management through decades of work with several energy companies, in the United States and internationally.  She presently works with The Alliance Risk Group, LLC, providing supply chain risk analysis and serves as an independent director of Oceaneering International, Inc. Ms. Beachy is experienced in developing and implementing company strategic and operational initiatives. She holds a bachelor of arts degree in political science from Purdue University and a master’s in business administration from Krannert Graduate School of Management at Purdue.

Richard du Moulin, Chairman of the Board of Directors of Pangaea, commented, “Karen’s experience and dynamic personality are perfect complements for our Board.  She will have an immediate impact on the way we approach the changes we see coming to our business, from within the industry and from the general business and geopolitical world at large. It is a good time to add someone with Karen’s qualifications to our Board.  The entire Company looks forward to working with her and we warmly welcome her.”

Karen Beachy stated, “I am delighted to join the Board of Pangaea and to lend some of the experiences I have gained throughout my career.  I am excited to learn more about the Company and the shipping industry, and I look forward to meeting the people working hard to keep the company a leader in its industry.”

About Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) 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.