Company Pangaea Logistics Solutions, Ltd.

Equities

PANL

BMG6891L1054

Marine Freight & Logistics

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
7 USD +1.16% Intraday chart for Pangaea Logistics Solutions, Ltd. +2.19% -15.05%

Business Summary

Pangaea Logistics Solutions Ltd. is a provider of seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. The Company offers services to a base of industrial customers who require the transportation of a variety of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels (m/v) in the Handymax, Supramax, Ultramax and Panamax and Post-Panamax segments. The Company operates 26 vessels which are wholly owned or partially-owned through joint ventures. The Company provides logistics services and commercially manages its fleet primarily from offices in Newport, Rhode Island, Copenhagen, Denmark and Singapore. Its logistics services and activities include cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management.

Number of employees: 151

Sales per Business

USD in Million2022Weight2023Weight Delta
Voyage
93.9 %
640 91.5 % 469 93.9 % -26.79%
Charter
4.8 %
60 8.5 % 24 4.8 % -60.26%
Terminal & Stevedore
1.4 %
- - 7 1.4 % -

Sales per region

USD in Million2022Weight2023Weight Delta
Global
100.0 %
700 100.0 % 499 100.0 % -28.65%

Managers

Managers TitleAgeSince
Founder 72 14-04-28
Chief Executive Officer 69 14-09-30
Director of Finance/CFO 42 09-12-31
Chief Operating Officer - 08-12-31
Director/Board Member 67 14-09-30
Corporate Officer/Principal - 22-05-08

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 69 14-09-30
Chairman 77 -
Director/Board Member 67 14-09-30
Director/Board Member 47 14-09-30
Founder 67 14-04-28
Founder 72 14-04-28
Director of Finance/CFO 42 09-12-31
Director/Board Member 53 22-03-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 46,721,228 29,213,060 ( 62.53 %) 0 62.53 %

Shareholders

NameEquities%Valuation
Rockland Trust Co.
18.30 %
8,548,361 18.30 % 60 M $
8,342,193 17.86 % 58 M $
Estate Of Coll Edward
10.28 %
4,802,070 10.28 % 33 M $
BlackRock Advisors LLC
5.162 %
2,411,596 5.162 % 17 M $
Wellington Management Co. LLP
3.269 %
1,527,543 3.269 % 11 M $
Swissmarine Pte Ltd.
3.063 %
1,430,991 3.063 % 10 M $
Dimensional Fund Advisors LP
2.931 %
1,369,427 2.931 % 10 M $
Cable Car Capital LLC
1.896 %
885,749 1.896 % 6 M $
Geode Capital Management LLC
1.650 %
770,784 1.650 % 5 M $
Vanguard Fiduciary Trust Co.
1.473 %
688,333 1.473 % 5 M $

Company contact information

Pangaea Logistics Solutions Ltd.

109 Long Wharf

02840, Newport

+

http://www.pangaeals.com
address Pangaea Logistics Solutions, Ltd.(PANL)
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