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Pangaea Logistic

Pangaea Logistics Solutions Ltd. provides seaborne dry bulk logistics and transportation services to industrial customers worldwide through its subsidiaries. It transports dry bulk cargoes including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone, and also offers terminal and stevedoring services. Additional services include cargo loading and discharge, port and terminal operations, vessel chartering, voyage planning, and technical vessel management. The company owns and operates a fleet of 7 vessels, was founded in 1996, and is headquartered in Newport, Rhode Island.

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Defense & Geopolitical Fragmentationimpact 4

Trump proposes 20% fee on Hormuz transit, drawing IMO rebuke

President Trump declared the U.S. would act as the 'Guardian of the Hormuz Strait' and charge a 20% fee on all transiting cargo to cover security costs, prompting the International Maritime Organization to state there is no legal basis for mandatory tolls to transit a strait. The announcement follows escalating clashes in which Iran has targeted commercial vessels and vowed to impose its own fees for passage, while the U.S. has conducted airstrikes against Iranian installations. The IMO, the U.N. body overseeing global shipping safety, clarified that freedom of navigation is guaranteed under customary international law, which the U.S. has historically recognized. The proposed fee marks a shift toward transactional foreign policy, raising concerns that allies may seek alternative security arrangements and that other powers could assert similar claims in contested waterways.
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