Pangaea Logistics Solutions

Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. The firm services customers that require transportation of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company was founded by Edward Coll, Carl Claus Boggild, and Anthony Laura on April 29, 2014 and is headquartered in Newport, RI.

Earnings data Q1 2021

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Pangaea Logistics Solutions reports record profitability and outlines growth strategies

Pangaea Logistics Solutions' Q4 2022 earnings call highlighted record profitability, strong TCE rates, and strategic initiatives for 2023. The company's flexible business model, emphasis on fleet renewal, and commitment to financial strength were key takeaways. Challenges include regulatory impacts and capital allocation priorities, while opportunities lie in fleet strategies and market expansion.

Pangaea Logistics reports resilient performance and strategic growth outlook

Pangaea Logistics Solutions showcased resilience and strategic growth amidst market challenges, with strong free cash flow enabling key acquisitions.
Despite declines in adjusted EBITDA and net income, the company's financial stability, disciplined approach, and shareholder focus position it for long-term success.
Opportunities in global dry bulk volume growth and ongoing capital allocation strategies offer pathways for Pangaea to drive growth and enhance shareholder value.

Pangaea Logistics reports solid Q2 performance amidst market challenges

Pangaea Logistics Solutions demonstrated resilience in Q2 2023 amid market challenges, with a focus on shareholder value and strategic acquisitions.
While facing declining financial metrics, the company's long-term COAs and cargo strategy provide a foundation for future growth and profitability.
Analyst inquiries highlighted areas of interest and potential risks, signaling the need for continued performance monitoring and strategic decision-making.

Pangaea Logistics reports solid Q3 performance amidst strategic asset moves

Pangaea Logistics Solutions demonstrated resilience in challenging market conditions, leveraging strengths in key segments while addressing cash flow and debt management challenges.
Strategic asset sales and plans for fleet optimization position the company for future growth and operational efficiency improvements.
Despite financial headwinds, Pangaea's focus on cash flow generation and prudent financial management underscores a commitment to long-term sustainability and value creation.

Pangaea Logistics reports resilient Q4 performance amidst market challenges

Pangaea Logistics Solutions delivered solid financial results in Q4 2023, showcasing resilience and adaptability in a challenging market environment.
Despite market rate volatility, the company remains optimistic about future performance, focusing on strategic investments in fleet expansion and onshore logistics capabilities.
With a strong balance sheet, acquisitions of marine port terminal operations, and plans for further expansion, Pangaea is well-positioned for growth and operational excellence.
Addressing challenges in managing debt and operational costs while seizing opportunities for expansion and financial optimization will be key focus areas for Pangaea in the coming quarters.

Pangaea Logistics reports strong Q3 earnings amidst market opportunities

Pangaea Logistics Solutions delivered solid financial performance in Q3 2024, driven by strategic acquisitions and operational efficiency.
While facing challenges such as seasonal demand fluctuations and capital allocation decisions, the company remains well-positioned to capitalize on market opportunities.
With a focus on maintaining financial discipline, capturing growth opportunities, and enhancing shareholder value, Pangaea is poised for continued success in the dry bulk shipping industry.

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Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. The firm services customers that require transportation of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company was founded by Edward Coll, Carl Claus Boggild, and Anthony Laura in 1996 and is headquartered in Newport, RI.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q3 2024 Earnings Call Transcript November 13, 2024 8:00 AM ET Company Participants Stefan Neely - IR, Vallum Advisors Mark Filanowski - CEO Gianni Del Signore - CFO Mads Petersen - COO Conference Call Participants Liam Burke - B.

Pangaea Logistics Solutions, Ltd. (PANL) Q3 2024 Earnings Call Transcript

Pangaea Logistics (PANL) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.

Pangaea Logistics (PANL) Meets Q3 Earnings Estimates

NEWPORT, R.I. , Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2024

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.

PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2024 CONFERENCE CALL DATE

NEWPORT, R.I. , Oct. 7, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Announces Agreement to Purchase Third Party Equity Ownership of Nordic Bulk Partners

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether Pangaea Logistics Solutions Ltd.'s (NASDAQ: PANL) acquisition of 100% ownership in fifteen handy-size vessels is fair to Pangaea shareholders. The fifteen handy-size vessels have a total net asset value of $193 million. As consideration for the vessels, Pangaea will issue approximately 19.0 million of new common shares to the vessels owners. Halper Sadeh encourages Pangaea shareholders to click he.

PANL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Pangaea Logistics Solutions Ltd.'s Fleet Is Fair to Shareholders

Pangaea Logistics Solutions ("Pangaea") has agreed to acquire 15 handysize drybulk carriers for approximately $295 million including related debt in an all-stock transaction. The transaction will increase the company's owned fleet by almost 60% to 41 vessels and reduce loan-to-value to slightly below 40%. The company's shares will be valued at $10.20 in the transaction, a 55% premium to current market prices.

Pangaea Logistics Solutions Expands Into Handysize Bulk Carrier Segment, Buy

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 vessel related financing agreements of approximately $102 million, resulting in a total net asset value of $193 million.

Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction

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Pangaea Logistics Solutions reported better-than-expected Q2/2024 results, with both the company's top- and bottom-line results coming in ahead of consensus estimates. That said, adjusted EBITDA margin of 12.8% dropped to its lowest level in recent years as Pangaea's chartered-in fleet was running at a loss. With preliminary Q3 daily time charter equivalent rates up and charter-in rates down by more than 10% sequentially, Pangaea should report vastly improved third-quarter results.

Pangaea Logistics Solutions: Upgrading On Improved Near-Term Outlook And Discounted Valuation

Pangaea Logistics Solutions, Ltd. (PANL) Q2 2024 Earnings Call Transcript

Pangaea Logistics (PANL) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.10 per share a year ago.

Pangaea Logistics (PANL) Tops Q2 Earnings and Revenue Estimates

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.

Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended June 30, 2024

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.

PANGAEA LOGISTICS SOLUTIONS ANNOUNCES SECOND QUARTER 2024 CONFERENCE CALL DATE

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q1 2024 Earnings Conference Call May 10, 2024 8:00 AM ET Company Participants Stefan Neely - IR, Vallum Advisors Mark Filanowski - CEO Gianni Del Signore - CFO Mads Petersen - COO Conference Call Participants Liam Burke - B.

Pangaea Logistics Solutions, Ltd. (PANL) Q1 2024 Earnings Call Transcript

NEWPORT, R.I. , May 9, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2024

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.

PANGAEA LOGISTICS SOLUTIONS ANNOUNCES FIRST QUARTER 2024 CONFERENCE CALL DATE

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Pangea Logistics reported disappointing FY23 results, causing a sell-off, but the panic was an overreaction, presenting a buying opportunity. The company has $99 million cash, $68 million long-term debt, and $264 million total debt (including $143 million lease agreements). PANL offers attractive dividends with a 5.9% TTM yield and a payout ratio of 57.9%.

Pangaea Logistics: Despite The Discouraging Q4 2023 Results, It Is Still A Buy

NEWPORT, R.I., March 15, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. Announces Renewal of Shelf Registration Statement

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q4 2023 Earnings Call Transcript March 14, 2024 8:00 AM ET

Pangaea Logistics Solutions, Ltd. (PANL) Q4 2023 Earnings Call Transcript

NEWPORT, R.I. , March 13, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2023

Supply-chain disruptions are likely to have hurt Pangaea Logistics' (PANL) performance in Q4.

What's in Store for Pangaea Logistics (PANL) in Q4 Earnings?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Pangaea Logistics Solutions (PANL) Stock Undervalued Right Now?

NEWPORT, R.I. , March 8, 2024 /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 2023 results after the market closes on Wednesday, March 13, 2024.

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