8.12
+7.27%
Close of 9 Nov 2026, in USD
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About Pangaea Logistics Solutions
From its filings with the US Securities and Exchange Commission
Pangaea Logistics Solutions is based in Newport, Rhode Island and is incorporated in Bermuda. Its shares trade on Nasdaq under the ticker PANL. The SEC classifies its business as deep sea foreign transportation of freight. In the fiscal year to 31 December 2025, it reported revenue of $632.0m and net income of $19.4m. At that date it held total assets of $928.1m and shareholders' equity of $429.3m. By business, Voyage revenue brought in 91.4% of revenue, followed by Charter revenue at 6.2% and Terminal & Stevedore Revenue at 2.4%. By region, Other accounted for 35.3%, followed by United States at 28.1% and Canada at 10.3%.
Pangaea Logistics Solutions Ltd. and its subsidiaries collectively, Pangaea or the Company, provide seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company addresses the logistics needs of its customers by undertaking a comprehensive set of services and activities, including cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and vessel technical management.
The Company provides ocean transportation services utilizing a fleet of ocean-going motor vessels (“m/v”) in the Handymax, Supramax, Ultramax, Panamax and Post-Panamax segments. The fleet typically consists of 60 to 75 vessels, either owned or chartered-in on a short-term basis. As of December 31, 2025, the Company owned 39 vessels, wholly owned or partially owned through joint ventures. The Company transported approximately 26.2 million tons of cargo annually to over 300 ports worldwide, averaging approximately 64 vessels in service per day during 2025, compared to 48 vessels during 2024.
Quoted from its 10-K, filed 16 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Marine
- Listed since
- 16 Dec 2013
- Employees
- 70
- Website
- pangaeals.com ↗
- Head office
- 109 LONG WHARF, NEWPORT, RI, 02840
- Incorporated in
- D0
- Classification
- Deep Sea Foreign Transportation of Freight
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Richard Du MoulinIndependent Chairman of the Board, since 2021$295,000
- Mr. Mark FilanowskiChief Executive Officer, Director, since 2017$1.7m
- Mr. Gianni Del SignoreChief Financial Officer$952,574
- Mr. Mads Rosenberg PetersenChief Operating Officer$1.1m
- Mr. Daniel SchildtChief Strategic Officer
- Mr. Carl Claus BoggildLead Independent Director, since 2021$222,500
- Ms. Christina TanDirector
- Ms. Karen BeachyIndependent Director$237,500
- Mr. Anthony LauraIndependent Director$222,500
- Mr. Eric RosenfeldIndependent Director$237,500
- Mr. David SgroIndependent Director$237,500
- Mr. Gary VogelIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 46
- Environment
- 24
- Social
- 46
- Governance
- 67
- Direct emissions (scope 1)
- 346,491 t
- Energy emissions (scope 2)
- 75 t
- Women in the workforce
- 22%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Pangaea Logistics Solutions Ltd has a strong global presence, allowing them to operate in multiple markets and serve a diverse range of customers.
- The company has a large and modern fleet of vessels, providing them with a competitive advantage in terms of capacity and efficiency.
- Pangaea Logistics Solutions Ltd has established strong relationships with key suppliers and partners, securing reliable resources and support for their operations.
Weaknesses
- The company is highly dependent on the shipping industry, which is susceptible to fluctuations in global trade and economic conditions, making it vulnerable to market risks.
- Pangaea Logistics Solutions Ltd may face challenges in adapting to evolving environmental regulations and sustainability standards, which could impact their operations and profitability.
- The company has limited brand recognition compared to some of its larger competitors, which may affect its ability to attract new customers and secure contracts.
Opportunities
- With the growing demand for eco-friendly shipping solutions, Pangaea Logistics Solutions Ltd has the opportunity to invest in sustainable technologies and position themselves as a leader in environmentally responsible shipping.
- There is a potential for expansion into emerging markets with untapped shipping opportunities, allowing the company to diversify its revenue streams and minimize dependence on specific regions.
- Strategic partnerships and collaborations with other industry players could enable Pangaea Logistics Solutions Ltd to access new markets, technologies, and resources, fostering further growth and development.
Threats
- Increasing competition in the shipping industry may lead to price wars and margin pressures, affecting the profitability of Pangaea Logistics Solutions Ltd.
- Political and regulatory uncertainties, such as trade disputes or changes in shipping regulations, could disrupt global supply chains and impact the company's operations.
- Fluctuating fuel prices can significantly impact the company's operating costs, posing a financial risk and affecting profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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