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 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 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 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).
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 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 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 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 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 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 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 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 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 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 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