Joe Brady

1 day ago | tradewindsnews.com | Joe Brady

“Different thoughts” on the enlarged board of Pangaea Logistics Solutions played a role in a shift of its capital allocation practices to package share buybacks with a smaller dividend. That was the word on Tuesday from the New York-listed bulker owner’s chief executive, Mark Filanowski, during an earnings call in which management faced some heat from Alliance Global Partners analyst Poe Fratt over the decision.

1 day ago | tradewindsnews.com | Joe Brady

“Different thoughts” on the enlarged board of Pangaea Logistics Solutions played a role in a shift of the New York-listed company’s capital allocation practices to package share buybacks with a smaller dividend. That was the word on Tuesday from Pangaea chief executive Mark Filanowski during an earnings call in which management faced some heat from Alliance Global Partners analyst Poe Fratt over the decision.

2 days ago | tradewindsnews.com | Joe Brady

It doesn’t happen often, but New York-listed bulker owner-operator Pangaea Logistics Solutions turned in a quarterly loss rather than a profit in the first three months of the year. Investors may pay more attention, however, to a couple of changes in the Newport, Rhode Island-based company’s capital allocation policy. Pangaea chose to cut its quarterly dividend to $0.05

2 days ago | tradewindsnews.com | Joe Brady

The weekend's tariffs truce between the US and China sent broader US stock indexes surging between 2% and 4% on Monday morning, with some shipping stocks seeing bigger gains. A prime mover was Israeli container liner Zim, which saw shares up 14% at 90 minutes into the trading day, after surging nearly 20% in the first hour. Zim was one of three shipping stocks spotlighted by Jefferies equity analyst Omar Nokta as likely to see especially strong gains.

3 days ago | tradewindsnews.com | Joe Brady

The management team of Pangaea Logistics Solutions had a different look when executives met with TradeWinds at their headquarters in Newport, Rhode Island. The face was Daniel Schildt, the newly appointed chief strategy officer, who came to Pangaea after nearly 20 years climbing the ranks of private MT Maritime Management in Connecticut. Schildt is already a familiar figure in the industry.