Pangaea Logistics Solutions Ltd
NASDAQ:PANL
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Pangaea Logistics Solutions Ltd
NASDAQ:PANL
|
US |
|
C
|
Catur Sentosa Adiprana Tbk PT
IDX:CSAP
|
ID |
|
BOE Technology Group Co Ltd
SZSE:000725
|
CN |
|
Indal Aluminium Industry Tbk PT
IDX:INAI
|
ID |
|
La Comer SAB de CV
OTC:LCMRF
|
MX |
|
Ho Bee Land Ltd
SGX:H13
|
SG |
|
Livermore Investments Group Ltd
LSE:LIV
|
VG |
|
Perfect Medical Health Management Ltd
HKEX:1830
|
HK |
|
L
|
Lenskart Solutions Ltd
NSE:LENSKART
|
IN |
|
Guidewire Software Inc
NYSE:GWRE
|
US |
Pangaea Logistics Solutions Ltd
Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company is headquartered in Newport, Rhode Island and currently employs 70 full-time employees. The company went IPO on 2013-12-16. The firm is focused on providing transportation needs of its customers with a range of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. The firm operates chartered-in Panamax, including post panamax and Kamsarmax, Supramax, including Ultramax, Handymax and Handysize drybulk carriers. The firm utilizes its logistics capabilities to service a base of industrial customers who require the transportation of a range of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. Its subsidiaries include Americas Bulk Transport (BVI) Limited, Phoenix Bulk Carriers (US) LLC, Allseas Logistics Bermuda Ltd., Bulk Patriot Ltd., Nordic Bulk Barents Ltd, Nordic Bulk Bothnia Ltd, Venture Logistics NL Inc and Bulk Spirit Ltd.
Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company is headquartered in Newport, Rhode Island and currently employs 70 full-time employees. The company went IPO on 2013-12-16. The firm is focused on providing transportation needs of its customers with a range of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. The firm operates chartered-in Panamax, including post panamax and Kamsarmax, Supramax, including Ultramax, Handymax and Handysize drybulk carriers. The firm utilizes its logistics capabilities to service a base of industrial customers who require the transportation of a range of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. Its subsidiaries include Americas Bulk Transport (BVI) Limited, Phoenix Bulk Carriers (US) LLC, Allseas Logistics Bermuda Ltd., Bulk Patriot Ltd., Nordic Bulk Barents Ltd, Nordic Bulk Bothnia Ltd, Venture Logistics NL Inc and Bulk Spirit Ltd.
Leadership: Mads Petersen spoke on his first call as CEO and emphasized continuity after Mark Filanowski's transition.
Q4 results: Adjusted EBITDA was $28.7 million, with TCE rates of $17,773/day (a 19% premium to market) and an adjusted EBITDA margin of 17%.
Scale & operating leverage: Shipping days rose materially (management cited +26% YoY), driving a 22% year‑over‑year increase in adjusted EBITDA and stronger margins.
Balance sheet & returns: $103 million of unrestricted cash, ~$372 million total debt, buybacks of ~600,000 shares for ~$3 million in 2025 and $16.3 million of dividends paid; a $0.05/share dividend was declared in February.
Growth initiatives: Continued investment in integrated logistics — new operations at Lake Charles, expansion at Port of Tampa expected in H2 2026 — and estimated incremental EBITDA of about $3 million from terminals/stevedoring in 2026.
Risk & market drivers: Management highlighted ice‑class fleet advantages in the Arctic, limited direct exposure to recent Middle East events but noted indirect impacts via fuel volatility and potential shifts in dry bulk trade flows.
