Pangaea Logistics Solutions Ltd., a global maritime logistics provider, has announced a definitive agreement to merge 15 handy-size dry bulk vessels into its existing fleet, significantly expanding its operational capacity and service offerings. The transaction involves a stock swap with Strategic Shipping Inc. (SSI), a privately held company managed by M.T. Maritime Management (MTM). The acquisition is expected to be accretive to Pangaea’s earnings and will enhance its ability to capitalize on the favorable dry bulk market conditions.