PANGAEA LOGISTICS SOLUTIONS LTD (PANL)
Industrials · dry bulk shipping and logistics · NASDAQ
Pangaea operates a specialized fleet of drybulk vessels and port facilities to transport global commodities with expertise in high ice-class Arctic and Baltic trade.
What PANGAEA LOGISTICS SOLUTIONS LTD does
Pangaea Logistics Solutions Ltd. provides seaborne drybulk logistics and transportation services using a fleet of 39-75 ocean-going vessels (Handymax, Supramax, Ultramax, Panamax, and Post-Panamax segments) to transport commodities including grains, coal, iron ore, and other bulk cargoes to over 300 ports worldwide. The company also offers port terminal and stevedoring services, cargo loading/discharge, vessel chartering, voyage planning, and technical vessel management. It is a leader in high ice-class trading, operating the world's largest fleet of dry bulk vessels over 60,000 dwt with Ice-Class 1A designation for Arctic and Baltic operations.
Themes: ["dry bulk shipping","seaborne logistics","ice-class vessel operations","Arctic/Baltic trade","terminal and stevedoring services","commodity transportation (grains, coal, iron ore)","risk management / hedging"]
Fundamentals
- Price$6.74 as of 2026-07-09 close
- Market cap$441M as of 2026-07-10
- 1-year return+34.8% as of 2026-07-09 close
- P/E12.74 as of 2026-07-10
- Net margin+5.1% as of 2026-07-10
- Gross margin+32.0% as of 2026-07-10
- ROE+8.1% as of 2026-07-10
- Debt / equity0.82 as of 2026-07-10
- Revenue growth (YoY)+22.6% as of 2026-07-10
- Revenue CAGR (3y)-3.3% SEC XBRL
- Beta0.81 as of 2026-07-10
Dividend: yield +2.9%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Exposure to volatility in drybulk freight rates and commodity shipping market cycles","Dependence on vessel availability and the cost of chartering-in vessels for periods under nine months","Commodity price and fuel cost fluctuations despite hedging efforts; operational risks in harsh Arctic and Baltic ice-class trading environments"]
Competitors & peers
- Star Bulk Carriers Corp.
- Genco Shipping & Trading Limited
- Golden Ocean Group Limited
- Navios Maritime Holdings
- Diana Containerships Inc.
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.