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Company Name | Country of Organization | Proportion of Ownership Interest | |||||||||
Americas Bulk Transport (BVI) Limited | British Virgin Islands | 100 % | (A) | ||||||||
Phoenix Bulk Management Bermuda Limited | Bermuda | 100 % | (B) | ||||||||
Pangaea Logistics Solutions (BVI) Limited (“Pangaea BVI”) | British Virgin Islands | 100 % | (C) | ||||||||
Bulk Ocean Shipping Company (Bermuda) Ltd. | Bermuda | 100 % | (D) | ||||||||
Phoenix Bulk Carriers (US) LLC | Delaware | 100 % | (E) | ||||||||
Allseas Logistics Bermuda Ltd. | Bermuda | 100 % | (F) | ||||||||
Bulk Trident Ltd. (“Bulk Trident”) | Bermuda | 100 % | (G) | ||||||||
Pangaea Logistics Solutions Denmark A/S. ("Pangaea Denmark") (formerly known as Nordic Bulk Carriers A/S) | Denmark | 100 % | (H) | ||||||||
Nordic Bulk Ventures (Cyprus) Limited ("NBV") | Cyprus | 100 % | (H) | ||||||||
109 Long Wharf LLC (“Long Wharf”) | Delaware | 100 % | (I) | ||||||||
Bulk Nordic Oshima (MI) Corp. (“Bulk Oshima”) | Marshall Islands | 67 % | (J) | ||||||||
Bulk Nordic Odin (MI) Corp. (“Bulk Odin”) | Marshall Islands | 67 % | (J) | ||||||||
Bulk Nordic Olympic (MI) Corp. (“Bulk Olympic”) | Marshall Islands | 67 % | (J) | ||||||||
Bulk Nordic Oasis (MI) Corp.. (“Bulk Oasis”) | Marshall Islands | 67 % | (J) | ||||||||
Bulk Nordic Odyssey Corp. (MI) ("Bulk Odyssey") | Marshall Islands | 67 % | (J) | ||||||||
Bulk Nordic Orion Corp. (MI) ("Bulk Orion") | Marshall Islands | 67 % | (J) | ||||||||
Nordic Bulk Holding Company Ltd. (“NBHC”) | Bermuda | 67 % | (L) | ||||||||
Bulk Courageous Corp. ("Bulk Courageous") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Phoenix Ltd. ("Bulk Newport") | Bermuda | 100 % | (G) | ||||||||
Bulk Valor Corp. ("Bulk Valor") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Promise Corp. ("Bulk Promise") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Nordic Five Ltd. (“Five”) | Bermuda | 100 % | (G) | ||||||||
Bulk Nordic Six Ltd. (“Six”) | Bermuda | 100 % | (G) | ||||||||
Bulk Nordic Seven LLC (“Seven”) | Marshall Islands | 100 % | (G) | ||||||||
Bulk Nordic Eight LLC (“Eight”) | Marshall Islands | 100 % | (G) | ||||||||
Bulk Nordic Nine LLC (“Nine”) | Marshall Islands | 100 % | (G) | ||||||||
Bulk Nordic Ten LLC (“Ten”) | Marshall Islands | 100 % | (G) | ||||||||
Nordic Bulk Partners LLC (“NBP”) | Marshall Islands | 100 % | (M) | ||||||||
Nordic Bulk Ventures Holding Company Ltd. (“BVH”) | Bermuda | 100 % | (K) | ||||||||
Bulk Freedom Corp. ("Bulk Freedom") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Pride Corp. ("Bulk Pride") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Independence Corp. ("Bulk Independence") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Friendship Corp. ("Bulk Friendship") | Marshall Islands | 100 % | (G) | ||||||||
Phoenix Bulk 25 Corp. ("Phoenix Bulk 25") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Endurance (MI) Corp. (“Bulk Endurance") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Brenton (MI) Corp. (“Bulk Brenton") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Patience (MI) Corp. (“Bulk Patience") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Sachuest Corp. ("Bulk Sachuest") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Prudence Corp. ("Bulk Prudence") | Marshall Islands | 100 % | (G) | ||||||||
Venture Logistics NL Inc. ("VLNL") | Canada | 50 % | (N) | ||||||||
Flintstone Ventures Limited ("FVL") | Newfoundland and Labrador | 100 % | (O) | ||||||||
Seamar Management S.A. | Greece | 51 % | (P) | ||||||||
Bulk PODS Ltd. ("Bulk PODS") | Marshall Islands | 100 % | (G) | ||||||||
Bulk Spirit Ltd. ("Bulk Spirit") | Marshall Islands | 100 % | (G) | ||||||||
Pangaea Logistics Solutions Singapore Pte. Ltd. | Singapore | 100 % | (H) | ||||||||
Narragansett Bulk Carriers (US) Corp. | Rhode Island | 100 % | (H) | ||||||||
Patriot Stevedoring & Logistics, LLC | Massachusetts | 50 % | (Q) |
Bay Stevedoring LLC | Delaware | 100 % | (R) | ||||||||
Pangaea Logistics Solutions (US) LLC ("PANL US") | Delaware | 100 % | (S) | ||||||||
Pangaea Baltimore LLC | Delaware | 100 % | (R) | ||||||||
Pangaea Port Everglades LLC | Delaware | 100 % | (R) | ||||||||
Renaissance Holdings LLC | Marshall Islands | 100 % | (A) | ||||||||
RHI Alliance Pte. Ltd. (“SBC Alliance”) | Singapore | 100 % | (G) | ||||||||
Pangaea Florida LLC | Delaware | 100 % | (R) | ||||||||
Pangaea Texas LLC | Texas | 100 % | (R) | ||||||||
RHI Synergy Pte. Ltd. (“SBC Synergy”) | Singapore | 100 % | (G) | ||||||||
RHI Unity Pte. Ltd. (“SBC Unity”) | Singapore | 100 % | (G) | ||||||||
RHI Fortitude Pte. Ltd. (“SBC Fortitude”) | Singapore | 100 % | (G) | ||||||||
RHI Savannah Pte. Ltd. (“SBC Savannah”) | Singapore | 100 % | (G) | ||||||||
RHI Tenacity Pte. Ltd. (“SBC Tenacity”) | Singapore | 100 % | (G) | ||||||||
SBC Endeavor LLC ("SBC Endeavor") | Marshall Islands | 100 % | (G) | ||||||||
SBC Endeavor Pte. Ltd. ("SBC Endeavor") | Singapore | 100 % | (G) | ||||||||
SBC Resolve LLC ("SBC Resolve") | Marshall Islands | 100 % | (G) | ||||||||
SBC Resolve Pte. Ltd. ("SBC Resolve") | Singapore | 100 % | (G) | ||||||||
SBC Vision LLC ("SBC Vision") | Marshall Islands | 100 % | (G) | ||||||||
SBC Vision Pte. Ltd. ("SBC Vision") | Singapore | 100 % | (G) | ||||||||
SBC Explorer LLC ("SBC Explorer") | Marshall Islands | 100 % | (G) | ||||||||
SBC Explorer Pte. Ltd. ("SBC Explorer") | Singapore | 100 % | (G) | ||||||||
SBC Entity LLC ("SBC Entity") | Marshall Islands | 100 % | (G) | ||||||||
SBC Entity Pte. Ltd. ("SBC Entity") | Singapore | 100 % | (G) | ||||||||
SBC Spirit LLC ("SBC Spirit") | Marshall Islands | 100 % | (G) | ||||||||
SBC Spirit Pte. Ltd. ("SBC Spirit") | Singapore | 100 % | (G) | ||||||||
SBC Venture Pte. Ltd. ("SBC Venture") | Singapore | 100 % | (G) | ||||||||
SBC Equity Pte. Ltd. ("SBC Equity") | Singapore | 100 % | (G) |