Highest-materiality recent filing
Pangaea Logistics removes directors Rosenfeld, Sgro, Laura; board reduced to seven
Eric S. Rosenfeld, David D. Sgro, and Anthony Laura removed from board effective June 7, 2026.
Pangaea Logistics shareholders elect directors, ratify Deloitte as auditor for FY2026
All five director nominees elected: Richard du Moulin, Karen Beachy, Gary Vogel, Paul Leand, and Mads Petersen.
Pangaea Q1 GAAP EPS $0.21, adjusted EPS $0.11; TCE rates up 34% YoY
GAAP net income $13.3M ($0.21/share); adjusted net income $7.0M ($0.11/share).
Pangaea Q4 net income $11.9M, TCE $17,773/day (+11% YoY); declares $0.05 dividend
GAAP net income of $11.9M ($0.19 diluted EPS); adjusted net income of $10.1M ($0.16).
Pangaea declares $0.05 quarterly dividend payable March 13, 2026
Dividend of $0.05 per common share; record date February 27, 2026.
Pangaea Logistics appoints Eugene I. Davis to board; Christina Tan resigns
Christina Tan resigned from the Board effective December 18, 2025, immediately before Davis's appointment.
Pangaea appoints Paul M. Leand Jr. to board under cooperation agreement with Strategic Shipping Inc.
Appointed Paul M. Leand, Jr. as Class III director effective Nov 26, 2025; board expanded from 9 to 10.
Pangaea Q3 adj. EPS $0.17, TCE $15,559/day, adjusted EBITDA $28.9M (+20% YoY)
GAAP net income $12.2M ($0.19/sh), adjusted net income $11.2M ($0.17/sh); revenue $168.7M.
CEO Mark Filanowski to retire Jan 1, 2026; COO Mads Petersen named successor
Mark Filanowski will retire as CEO and step down from the Board effective January 1, 2026, after 11 years.
Pangaea Logistics dismisses Grant Thornton, appoints Deloitte & Touche as new auditor
Audit committee completed competitive process; dismissed Grant Thornton effective August 27, 2025.
Pangaea Q2 net loss $2.7M (adj. loss $0.02/shr) on $156.7M revenue; TCE rates fall 25% YoY
Net loss $2.7M ($0.04/shr) vs. net income $3.7M ($0.08/shr) in Q2 2024; adjusted net loss $1.4M ($0.02/shr).
Pangaea Logistics shareholders elect four directors, ratify auditor at 2025 meeting
Class II directors elected: Boggild (45.99M for), Sgro (53.02M), Tan (53.03M).
Pangaea Logistics reports Q1 net loss $2.0M, announces $15M buyback, $0.05 dividend
Net loss of $2.0M ($0.03/share) vs net income of $11.7M ($0.26/share) in Q1 2024.
Pangaea Q4 net income $8.4M, adj EBITDA up 18%; Q1 TCE rate drops to $11,412/day
Q4 net income $8.4M ($0.18 diluted) vs $1.1M YoY; adjusted net income $7.6M ($0.16 diluted).
Pangaea declares $0.10 quarterly dividend payable March 14
Quarterly cash dividend of $0.10 per common share declared by Board of Directors.
Christina Tan appointed as Class II Director on January 20, 2025.
Pangaea completes acquisition of 15 handy-size vessels from SSI for $271M
Closed on Dec 30, 2024; issued 18.06M shares to SSI, representing 27.6% of post-merger common stock.
Pangaea Logistics completes acquisition of 15 handy-size dry bulk vessels from SSI
Issued 18,059,342 shares to Strategic Shipping Inc.; total shares outstanding now 64,961,433.
Renaissance 2023 audited financials: revenue $83.4M, net loss $2.9M, total assets $220.7M, total liabilities $133.2M.
Pangaea Q3 net income $5.1M ($0.11/share); merger of 15 vessels from MTM by year-end
GAAP net income $5.1M ($0.11 diluted) vs $18.9M ($0.42) YoY; adjusted net income $11.1M ($0.24).
Pangaea Logistics proposes fleet combination with Strategic Shipping Inc., seeks shareholder vote
Proposed fleet combination transaction to acquire vessels owned by Strategic Shipping Inc.
Pangaea to acquire 15 dry bulk vessels from MTM in all-stock deal worth ~$295M
Issuing ~19M shares (~29% pro forma) for 15 handy-size vessels valued at $295M, net of $102M debt = $193M NAV.
Pangaea Logistics merges its dry bulk fleet with 15 vessels from Strategic Shipping Inc.
Pangaea Logistics (PANL) held an investor call on Sept 24, 2024 to discuss merging its dry bulk fleet with 15 vessels owned by Strategic Shipping Inc.
Pangaea Logistics shareholders elect directors and approve 2024 equity plan at annual meeting
Eric Rosenfeld, Mark Filanowski, Anthony Laura elected as Class I directors for three-year terms.
Pangaea Q2 net income $3.7M ($0.08/diluted); revenue $131.5M; dividend $0.10
Net income attributable to Pangaea $3.7M ($0.08 diluted); adjusted net income $4.6M ($0.10 diluted).
Pangaea Q1 net income $11.7M, adj. EPS $0.14; TCE rates up 23%; acquires two vessels for $56.6M
Q1 net income $11.7M ($0.25 diluted); adjusted net income $6.6M ($0.14 diluted); total revenue $104.7M.
Pangaea Logistics files $25M shelf, enters ATM sale agreement with B. Riley et al.
Entered At Market Issuance Sales Agreement with B. Riley, Fearnley, and A.G.P. for up to $25M in common stock.
Pangaea Q4 net income $1.1M, adj $7.4M; TCE beats indices 27%; FY net $26.3M
Q4 net income $1.1M ($0.03 diluted EPS); adjusted net income $7.4M ($0.16 diluted EPS).
Pangaea declares $0.10 quarterly dividend payable March 15, 2024
Quarterly cash dividend of $0.10 per common share declared by Board of Directors.
Pangaea Q3 net income flat at $18.9M; revenue down 26% YoY; TCE rates fall 35%
Net income $18.9M ($0.42 diluted EPS); adjusted net income $14.4M ($0.32 adjusted EPS).
Pangaea Logistics holds 2023 annual meeting; all proposals approved
Re-elected Class III directors Richard T. du Moulin (29.5M for) and Karen H. Beachy (30.9M for).
Pangaea Q2 net income $2.8M ($0.06/diluted), revenue $118M; TCE rates down 43% YoY
Net income attributable to Pangaea $2.8M ($0.06 diluted); adjusted net income $4.6M ($0.10 diluted).
Pangaea Logistics to join Russell 3000 Index effective June 26, 2023
Selected for broad-market Russell 3000 Index at 2023 annual reconstitution, effective after U.S. market open on June 26.
Pangaea Logistics completes acquisition of port terminal operations from Host Terminals
Acquired marine port terminal operations in Port Everglades/Ft. Lauderdale, Port of Palm Beach (FL) and Port of Baltimore (MD) from Host Terminals LLC.
Pangaea Q1 net income $3.5M, down 83% YoY; TCE rates $14,372/day, -46%
Net income $3.5M ($0.08 diluted EPS) vs $20.2M YoY; adjusted net income $5.1M ($0.11).
Pangaea acquires three port terminal operations from Host Terminals for under $10M
Acquires marine port terminals at Port Everglades/Ft. Lauderdale, Port of Palm Beach, and Port of Baltimore from Host Terminals LLC (T. Parker Host).
Pangaea Logistics acquires dry bulk vessel Bulk Prudence for $26.6M cash
Acquired 61,000 dwt Ultramax vessel built in 2014 for $26.6 million cash.
Pangaea Logistics reports record FY2022 results; Q4 net income flat, adjusted EPS down 43% YoY
Full-year 2022 net income $79.5M ($1.76 diluted) up 17% YoY; adjusted net income $82.1M ($1.82 diluted) up 29%.
Pangaea Logistics declares $0.10 quarterly dividend, payable March 15, 2023
Quarterly cash dividend of $0.10 per common share declared.
Pangaea Q3 GAAP EPS $0.42 (-30% y/y), adjusted $0.52 (+8%); revenue $184.5M
GAAP net income $18.8M ($0.42 diluted EPS) vs $27.0M ($0.60) in Q3 2021.
Pangaea Logistics acquires Ultramax bulk carrier for $17.1M, owned fleet to reach 25 vessels
Purchase price USD 17.1 million for a 2010-built, 56,000 dwt Ultramax dry bulk vessel.
Pangaea shareholders reelect directors, approve equity plan and bye-law amendment
Carl Claus Boggild and David D. Sgro elected as Class II directors with 26M and 21.8M votes for, respectively.
Pangaea Logistics Q2 2022 net income $25.0M ($0.56/diluted); revenue up 34% YoY to $195.5M
Revenue $195.5M (+34% YoY); adjusted EBITDA $44.2M (+107% YoY).
Pangaea Q1 net income $20.2M, up 245% YoY; TCE $26,472/day beats market by 17%
Net income attributable to Pangaea of $20.2M ($0.45 diluted EPS) vs $5.9M ($0.13) YoY; adjusted EPS $0.35 vs $0.09.
Pangaea appoints Karen H. Beachy to Board of Directors, effective March 28, 2022
Karen H. Beachy appointed to board, effective March 28, 2022.
Pangaea Logistics Q4 net income $15.2M, adjusted EPS $0.56; record FY 2021
Q4 2021 net income $15.2M vs $7.6M in Q4 2020; diluted EPS $0.34 vs $0.17.
Pangaea appoints Mads Boye Petersen as COO effective April 1, 2022
Petersen replaces Mark Filanowski, who was promoted to CEO in December 2021.
Pangaea Logistics raises quarterly dividend 43% to $0.05 per share
Quarterly dividend increased to $0.05 per common share from prior $0.035, a 43% rise.
Pangaea CEO and Chairman Ed Coll dies; COO Mark Filanowski named CEO
Ed Coll, Chairman and CEO of Pangaea, died on December 14, 2021.
Pangaea Q3 net income jumps to $27M, EPS $0.60; interim chairman appointed
Net income $27.0M ($0.60 diluted EPS) vs $7.6M ($0.17) a year ago; adjusted net income $21.7M.
Eric S. Rosenfeld, David D. Sgro and Anthony Laura were removed from the Board of Directors of the Company.
Eric S. Rosenfeld, David D. Sgro and Anthony Laura were removed from the Board of Directors of the Company.
Eric S. Rosenfeld, David D. Sgro and Anthony Laura were removed from the Board of Directors of the Company.
On March 25, 2022, Pangaea Logistics Solutions Ltd. (NASDAQ : PANL) appointed Karen H. Beachy to serve as a director on the Company's board, effective March 28, 2022.
Mads Boye Petersen has been appointed as Chief Operating Officer, effective on April 1, 2022.
On December 14, 2021 , Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL) announces the death of Ed Coll, its Chairman and Chief Executive Officer
On November 8, 2021, the Board of Pangaea Logistics Solutions Ltd. appointed Richard du Moulin to serve as the Company's interim Chairman of the Board of Directors, effective immediately.
On September 20, 2021 , Pangaea Logistics Solutions Ltd. (NASDAQ : PANL) reports that its Chairman and Chief Executive Officer, Ed Coll, is not able to perform his duties due to a sudden non-covid related illness and will be on medical leave.
In Mr. Coll’s absence, the Board has appointed Mark Filanowski as interim Chief Executive Officer.
Max materiality 0.85 · Median 0.65 · Most common event earnings