Ed Coll Establishes
Phoenix Bulk Carriers

  • Opens offices in Bermuda, Newport, RI and Rio De Janeiro, Brazil

  • Builds cargo book

  • Purchases first vessel,
    Panamax M/V Cinzia Damato

  • Largest shipment of pig iron into the U.S.A.

  • Largest shipment of steel slabs into the U.S.A.

  • First shipments of pig iron into the ports of Charleston, S.C. for Nucor & Beaumont, Texas


  • Rides market wave into 2008

  • Purchases many additonal vessels, some
    in joint venture with Intrepid Shipping

  • Creates Seamar Management
    in Athens, Greece to manage “technical management” of owned tonnage

  • Disposes of most owned assets in anticipation of major market correction- achieves goal


  • Creates new company with new
    investor base led by Cartesian Capital

  • Responds strongly to financial crisis

  • Purchases new vessels at lower pricing

  • Creates joint venture with long-term
    partner Noranda Aluminum for the
    carriage and logistics of bauxite
    movement from Jamaica to New Orleans

  • Creates Nordic Bulk Carriers in Denmark
    in order to expand into Europe and
    ice trades, giving the company premier
    status in ice class dry bulk

  • Nordic Bulk operates the first non-Russian
    dry bulk carrier on the Northern Sea Route


  • Establishes large position of exports
    with Canadian mine owner

  • Purchases first ice class 1A Panamax

  • Nordic operates first dry bulk vessel
    to transit Northwest Passage

  • Established new venture with
    Glencore and Onassis Foundation

  • Places 6 ice class ship newbuilding
    order with Oshima Shipyard


  • Forms Pangaea Logistics Solutions
    Ltd. as public company on NASDAQ

  • Takes delivery of the first 3 ice class newbuildings in a series of 6

  • Baffinland Iron Mines makes long
    term commitment for ice requirements

  • Noranda Aluminum extends COA
    by 10 years and an additonal 35
    million metric tons




  • Pangaea crew rescues 9 distressed
    people onboard capsized vessel off
    Freeport, Bahamas

  • Purchases M/V Bulk Spirit, which
    is the 19th owned vessel in the fleet

  • Extends ice COA with Baffinland
    for an additional 10 years

  • Extends COA with Noranda into 2032, including coverage for 3 vessels to
    shuttle and the development of
    logistics services


  • Pangaea acquires port terminal operations in Florida and Maryland; Pangaea Port Everglades and Pangaea Baltimore

  • Pangaea announces One Pangaea Brand

  • Rebrands the operating entities, Nordic Bulk Carriers, Americas Bulk Transport and Phoenix Bulk Carriers