Pangaea Logistics Solutions, Ltd. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 30.69 million compared to USD 59.67 million a year ago. Revenue was USD 499.27 million compared to USD 699.71 million a year ago.

Net income was USD 26.32 million compared to USD 79.49 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 1.79 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 1.76 a year ago.