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Pangaea Logistics Solutions, Ltd. (PANL) is a manufacturing and production company in the marine transit services industry, based in Newport, United States, with about 170 full-time employees.
It reported revenue of $632.04 million for fiscal year 2025, up 17.8% from fiscal year 2024, and net income of $19.37 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $187.12 million, up 19.4% from a year before. Its largest business segment, Shipping, brought in 98% of segment revenue in fiscal year 2025; Other was the largest region with 35%. Its market capitalization was $544.74 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
, together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers transportation services for various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone; and terminal and stevedoring services.
Pangaea Logistics Solutions reported $632.04 million in revenue for fiscal year 2025, up 17.8% from $536.54 million in fiscal year 2024. In Q2 2026 revenue was $187.12 million.
Shipping, with $616.81 million or 98% of segment revenue in fiscal year 2025. Next: All Other (2%).
Other: 35% of revenue by region in fiscal year 2025, followed by United States (28%).
$544.74 million as of October 9, 2026.
Listed companies of a similar size in the same industry (marine transit services) include Himalaya Shipping Ltd. (HSHP), Siem Industries S.a. (SEMUF), Safe Bulkers, Inc. (SB), Costamare Bulkers Holdings Limited (CMDB).