Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of February 8, 2021, the company owned and operated a fleet of 18 ships. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
IPO Year: 2013
Exchange: NASDAQ
Website: pangaeals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/13/2024 | $10.25 | Neutral → Buy | Alliance Global Partners |
| 2/5/2024 | $8.75 | Buy → Neutral | Alliance Global Partners |
| 8/3/2022 | $7.50 | Buy | Alliance Global Partners |
| 9/17/2021 | $7.50 | Buy | B. Riley Securities |
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Alliance Global Partners upgraded Pangea Logistics Solutions from Neutral to Buy and set a new price target of $10.25
Alliance Global Partners downgraded Pangea Logistics Solutions from Buy to Neutral and set a new price target of $8.75
Alliance Global Partners initiated coverage of Pangea Logistics Solutions with a rating of Buy and set a new price target of $7.50
B. Riley Securities initiated coverage of Pangaea Logistics Solns with a rating of Buy and set a new price target of $7.50
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4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
NEWPORT, R.I., March 13, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months and year ended December 31, 2024. FOURTH QUARTER 2024 RESULTS Net income attributable to Pangaea Logistics Solutions Ltd. of $8.4 million, or $0.18 per diluted shareAdjusted net income attributable to Pangaea Logistics Solutions Ltd. of $7.6 million, or $0.16 per diluted shareOperating cash flow of $19.3 millionAdjusted EBITDA of $23.2 millionT
NEWPORT, R.I., March 3, 2025 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", )), a global provider of comprehensive maritime logistics solutions, today announced that it will issue fourth quarter and full year 2024 results after the market closes on Thursday, March 13, 2025. A conference call will be held the next day, Friday, March 14, 2025 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be avai
NEWPORT, R.I., Feb. 13, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 14, 2025 to all shareholders of record as of February 28, 2025. ABOUT PANGAEA LOGISTICS SOLUTIONS Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) and its subsidiaries (collectively, "Pangaea" or the "Company") provides seaborne dry bulk logistics and transportation s
NEWPORT, R.I., Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended September 30, 2024. THIRD QUARTER 2024 RESULTS Net income attributable to Pangaea of $5.1 million, or $0.11 per diluted shareAdjusted net income attributable to Pangaea of $11.1 million, or $0.24 per diluted shareOperating cash flow of $28.5 millionAdjusted EBITDA of $23.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $
NEWPORT, R.I., Nov. 5, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", )), a global provider of comprehensive maritime logistics solutions, today announced that it will issue third quarter 2024 results after the market closes on Tuesday, November 12, 2024. A conference call will be held the next day, Wednesday, November 13, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available wi
NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet. The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut. The fifteen handy-size vessels are valued at approximately $295 million, inclusive of ve
NEWPORT, RI, Aug. 8, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended June 30, 2024. SECOND QUARTER 2024 RESULTS Net income attributable to Pangaea of $3.7 million, or $0.08 per diluted shareAdjusted net income attributable to Pangaea of $4.6 million, or $0.10 per diluted share Operating cash flow of $9.0 millionAdjusted EBITDA of $15.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $16,
NEWPORT, R.I., July 31, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue second quarter 2024 results after the market closes on Thursday, August 8, 2024. A conference call will be held the next day, Friday, August 9, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available with t
NEWPORT, R.I., May 9, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2024. FIRST QUARTER 2024 RESULTS Net income attributable to Pangaea of $11.7 million, or $0.25 per diluted shareAdjusted net income attributable to Pangaea of $6.6 million, or $0.14 per diluted share Operating cash flow of $9.0 millionAdjusted EBITDA of $19.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $1
NEWPORT, R.I., May 2, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue first quarter 2024 results after the market closes on Thursday, May 9, 2024. A conference call will be held the next day, Friday, May 10, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available with the Compa
NEWPORT, R.I., March 29, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today it has appointed Karen H. Beachy to its Board of Directors. Ms. Beachy has a broad background in operations and supply chain management through decades of work with several energy companies, in the United States and internationally. She presently works with The Alliance Risk Group, LLC, providing supply chain risk analysis and serves as an independent director of Oceaneering
NEWPORT, R.I., Feb. 22, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today that Mads Boye Petersen has been appointed its Chief Operating Officer, effective on April 1, 2022. Petersen replaces Mark Filanowski, who was promoted to Chief Executive Officer of Pangaea in December 2021. As Chief Operating Officer, Mr. Petersen will have broad responsibilities, including group strategy and execution, as well as capital market and ESG initiatives. He will, until further notice, continue to carry out his duties as Managing Director for the group's Danish and Singapore subsi
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Senior executives from leading Dry Bulk shipping companies will participate in panels and presentations at the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. The event is organized in cooperation with NASDAQ & NYSE. The Forum features a series of panel discussions as well as 1x1 meetings between investors and executives from shipping companies. LUNCHEON KEYNOTE SPEAKER Mr. Evangelos Marinakis, Chairman & CEO of Capital Maritime & Trading Corp. will deliver the Luncheon Keynote Remarks.Introductory Remarks by Mr. Chris Taylor, Chief Development Officer of NYSE G
NEWPORT, R.I., March 13, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months and year ended December 31, 2024. FOURTH QUARTER 2024 RESULTS Net income attributable to Pangaea Logistics Solutions Ltd. of $8.4 million, or $0.18 per diluted shareAdjusted net income attributable to Pangaea Logistics Solutions Ltd. of $7.6 million, or $0.16 per diluted shareOperating cash flow of $19.3 millionAdjusted EBITDA of $23.2 millionT
NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Senior executives from leading Dry Bulk shipping companies will participate on panels and presentations at the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. The event is organized in cooperation with Nasdaq & NYSE. The Forum features a series of panel discussions as well as 1x1 meetings between investors and executives from shipping companies. LUNCHEON KEYNOTE SPEAKERMr. Evangelos Marinakis, Chairman & CEO of Capital Maritime & Trading Corp. will deliver the Luncheon Keynote Remarks.Introductory Remarks by Mr. Chris Taylor, Chief Development Officer of
NEWPORT, R.I., March 3, 2025 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", )), a global provider of comprehensive maritime logistics solutions, today announced that it will issue fourth quarter and full year 2024 results after the market closes on Thursday, March 13, 2025. A conference call will be held the next day, Friday, March 14, 2025 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be avai
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Senior executives from 26 leading shipping companies will participate on panels and presentations at the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. The event is organized in cooperation with NASDAQ & NYSE. Mr. Evangelos Marinakis, Chairman & CEO of Capital Maritime & Trading Corp. will deliver the Luncheon Keynote Remarks. 1x1 meetings between shipping companies and institutional investors are available upon request. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE Held in New York City every year, t
NEWPORT, R.I., Feb. 13, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 14, 2025 to all shareholders of record as of February 28, 2025. ABOUT PANGAEA LOGISTICS SOLUTIONS Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) and its subsidiaries (collectively, "Pangaea" or the "Company") provides seaborne dry bulk logistics and transportation s
NEWPORT, R.I., Jan. 6, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, today announced that it has completed its previously announced combination of its existing dry-bulk fleet with fifteen handy-size dry bulk vessels owned by Strategic Shipping Inc. ("SSI"). Shareholder approval of the transaction (the "Transaction") was obtained at a special meeting of shareholders on December 30, 2024, resulting in closing of the Transaction on the same day. Under the terms of
NEWPORT, R.I., Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended September 30, 2024. THIRD QUARTER 2024 RESULTS Net income attributable to Pangaea of $5.1 million, or $0.11 per diluted shareAdjusted net income attributable to Pangaea of $11.1 million, or $0.24 per diluted shareOperating cash flow of $28.5 millionAdjusted EBITDA of $23.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $
NEWPORT, R.I., Nov. 5, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", )), a global provider of comprehensive maritime logistics solutions, today announced that it will issue third quarter 2024 results after the market closes on Tuesday, November 12, 2024. A conference call will be held the next day, Wednesday, November 13, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available wi
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy and