PANL · CIK 0001606909 · operating
Pangaea Logistics Solutions provides seaborne dry bulk transportation and logistics services to industrial customers globally. The company operates a fleet of 41 vessels that transport commodities including grains, coal, iron ore, bauxite, alumina, cement clinker, and various other dry bulk materials. Beyond vessel operations, Pangaea offers terminal and stevedoring services, cargo handling, port operations, and technical vessel management across its service portfolio.
The company generates revenue through multiple channels within the dry bulk shipping sector. Primary revenue streams include vessel chartering and transportation services, terminal operations, cargo loading and discharge activities, and voyage planning services. These operations span international trade routes, serving industrial customers requiring seaborne freight solutions for bulk commodity transport.
Pangaea operates with approximately 170 full-time employees and maintains headquarters in Newport, Rhode Island. The company was incorporated in Bermuda and operates under a global logistics framework typical of international shipping enterprises. The fleet-based business model and terminal service offerings position the company to serve customers across multiple geographic markets requiring dry bulk transportation capacity.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $0.63 | $0.64 | +2000.0% | |
| 2023 | $0.03 | $0.03 | -91.2% | |
| 2022 | $0.34 | $0.35 | +0.0% | |
| 2021 | $0.34 | $0.34 | +100.0% | |
| 2020 | $0.17 | $0.17 | — | |
| 2019 | $0.00 | $-0.10 | -100.0% | |
| 2018 | $0.42 | $0.42 | +366.7% | |
| 2017 | $0.09 | $0.10 | +4400.0% | |
| 2016 | $0.00 | $0.00 | +101.4% | |
| 2015 | $-0.14 | $-0.14 | +91.3% | |
| 2014 | $-1.61 | $-1.61 | — |
| Report Date | Filed | Accession Number | |
|---|---|---|---|
| 2024-12-31 | 2025-03-18 | 0001606909-25-000097 | SEC ↗ |
| 2023-12-31 | 2024-03-14 | 0001606909-24-000043 | SEC ↗ |
| 2022-12-31 | 2023-03-15 | 0001606909-23-000045 | SEC ↗ |
| 2021-12-31 | 2022-03-16 | 0001606909-22-000032 | SEC ↗ |
| 2020-12-31 | 2021-03-15 | 0001606909-21-000035 | SEC ↗ |
| 2019-12-31 | 2020-03-23 | 0001606909-20-000018 | SEC ↗ |
| 2018-12-31 | 2019-03-20 | 0001606909-19-000010 | SEC ↗ |
| 2017-12-31 | 2018-03-21 | 0001606909-18-000033 | SEC ↗ |
| 2016-12-31 | 2017-03-23 | 0001606909-17-000022 | SEC ↗ |
| 2015-12-31 | 2016-03-23 | 0001606909-16-000185 | SEC ↗ |
| 2014-12-31 | 2015-03-31 | 0001144204-15-020193 | SEC ↗ |