They're coming "just at the right time".

That was the outlook from Pangaea Logistics Solutions chief executive Ed Coll on Wednesday as the New York-listed owner took delivery of the first in a series of four ice-class 1A post-panamax newbuildings from Guangzhou International Shipyard in China.

The 95,758-dwt Nordic Nuluujaak has been delivered to Pangaea's Nordic Bulk subsidiary in Denmark.