NEWPORT, R.I. (AP) _ Pangaea Logistics Solutions Ltd. (PANL) on Wednesday reported net income of $18.8 million in its third quarter.

On a per-share basis, the Newport, Rhode Island-based company said it had profit of 42 cents. Earnings, adjusted for non-recurring costs, were 52 cents per share.

The maritime logistics company posted revenue of $184.5 million in the period.

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