Headquartered in Newport, RI Fiscal year ends December NASDAQ: PANL pangaeals.com
Pangaea Logistics Solutions Ltd. provides seaborne dry bulk logistics and transportation services, along with port terminal and stevedoring services, to a broad base of industrial customers.
It moves a wide range of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
The company earns revenue in three ways:
- voyage revenue, largely under long-term contracts of affreightment;
- charter revenue from time-chartering vessels;
- port terminal and stevedore revenue.
It operates an owned fleet of 38 dry bulk vessels, including a niche ice-class fleet active on Arctic trades. In Q3 2026 this was supplemented by an average of 31 chartered-in vessels.
The company offers a full set of logistics services: cargo loading and discharge, port and terminal operations (including a terminal at the Port of Tampa Bay, Florida), vessel chartering, voyage planning and vessel technical management.
Its strategy centers on:
- an integrated shipping-plus-logistics model targeting premium time charter equivalent returns versus Baltic Panamax, Supramax and Handysize benchmarks;
- fleet renewal while divesting older non-core vessels;
- a regular quarterly dividend. Updated
Arctic ice class season plus a firming dry bulk market pushed charter equivalent rates to $20,414 per day, 31% above last year. Q4 is already partly booked at an even higher $21,423 per day, so the momentum is visible before the quarter is half over.
The market is surrounded by uncertainty about the impact of tariffs, recession concerns, and a stock market correction. Investors are worried about their money and many are choosing to stay away from…
Pangaea Logistics Solutions Ltd. provides seaborne dry bulk logistics and transportation services, along with port terminal and stevedoring services, to a broad base of industrial customers.
The Wall Street consensus 12-month price target for PANL is $11.10.
