Welcome to our dedicated page for Pangaea Logistics Solution news (Ticker: PANL), a resource for investors and traders seeking the latest updates and insights on Pangaea Logistics Solution stock.
Pangaea Logistics Solutions Ltd (PANL) delivers vital maritime transportation services, specializing in dry bulk cargo across global trade routes. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and market positioning.
Access verified press releases and news articles covering PANL's charter contracts, fleet expansions, financial results, and strategic partnerships. Our curated collection ensures you stay informed about cargo operations (grains, minerals, cement), vessel acquisitions, and regulatory compliance matters critical to dry bulk shipping stakeholders.
Key updates include earnings reports, new terminal agreements, sustainability initiatives, and ice-class vessel deployments. Bookmark this page for direct access to primary sources that impact investment analysis and logistics industry monitoring. Check regularly for the latest developments from PANL's Newport and Rio de Janeiro operational hubs.
Pangaea Logistics Solutions (Nasdaq: PANL), a global maritime logistics provider, has announced its second quarter 2024 earnings release and conference call schedule. The company will release its Q2 2024 results after market close on Thursday, August 8, 2024. A conference call to discuss the results is scheduled for Friday, August 9, 2024, at 8:00 a.m. ET.
The call will include a Q&A session and will be accompanied by presentation materials available on the company's website and SEC filing. Investors can participate using the provided domestic and international call-in numbers. A replay of the call will be available until August 16, 2024.
Pangaea Logistics Solutions reported strong financial results for the first quarter of 2024, with net income of $11.7 million, adjusted net income of $6.6 million, operating cash flow of $9.0 million, and adjusted EBITDA of $19.9 million. The company's TCE rates exceeded industry indices by 29%, driving a 23% increase in total Adjusted EBITDA. Pangaea acquired two bulk vessels for $56.6 million and saw total revenue of $104.7 million, with a positive outlook for dry bulk demand and profitability.
Pangaea Logistics Solutions (Nasdaq: PANL) will release its first-quarter 2024 results on May 9, 2024, and hold a conference call the following day to discuss financial results, recent events, and conduct a Q&A session.
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