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 Ltd. (NASDAQ: PANL) reported robust results for Q1 2022, with a net income of $20.2 million, a substantial increase from $5.9 million in Q1 2021. Adjusted net income reached $15.7 million compared to $3.8 million year-over-year. Earnings per share (EPS) rose to $0.35 from $0.09, while diluted EPS was $0.45, up from $0.13. Total revenue soared by 53% to $191.8 million, driven by higher TCE rates of $26,472 per day. Pangaea also declared a dividend of $0.075 per share, reflecting strong financial health.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) has appointed Brent Mahana as Vice President of Business Development for Ports & Logistics, effective May 9, 2022. Mr. Mahana brings over 30 years of experience in marine transportation and port management, aiming to expand Pangaea's services in the ports and logistics sector. Mark Filanowski noted that Mahana's addition will enhance the company's profile and align with its 'Door-to-Door' logistics vision. Pangaea provides logistics for various dry bulk cargoes and aims to strengthen client relations.
Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) will announce its first quarter 2022 financial results on May 10, 2022, after market hours. A teleconference will follow on May 11, 2022, at 8:00 a.m. ET, featuring a Q&A session with management. Participants can dial 866-518-6930 (domestic) or 203-518-9797 (international), using Conference ID: PANLQ122. A recording of the call will be available for a week afterward. Pangaea specializes in logistics solutions for dry bulk cargoes, offering services like vessel chartering and voyage planning.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) has appointed Karen H. Beachy to its Board of Directors, emphasizing her extensive experience in operations and supply chain management. Beachy currently works with The Alliance Risk Group, providing supply chain risk analysis, and serves as an independent director at Oceaneering International. Chairman Richard du Moulin noted that her qualifications align with the company's need for strategic insight during pivotal industry changes. Beachy expressed enthusiasm about joining Pangaea and contributing to its leadership in the shipping sector.
Pangaea Logistics Solutions Ltd. (PANL) reported strong financial results for Q4 and the full year ending December 31, 2021. Net income surged to $15.2 million in Q4, up from $7.6 million in 2020, while full-year net income reached $67.2 million, compared to $11.4 million the previous year. Adjusted EPS for Q4 was $0.56, significantly higher than $0.14 in 2020. Revenues for Q4 increased 108% to $234.6 million. The company’s operational capacity improved with TCE rates rising 122% year-over-year. Despite uncertainties ahead, the company remains optimistic about growth opportunities.
Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) will release its fourth quarter and full year 2021 financial results after market hours on March 16, 2022. A teleconference is scheduled for March 17, 2022, at 8:00 a.m. ET to discuss the results, including a Q&A session. Interested parties can dial 866-518-6930 (domestic) or 203-518-9797 (international) to participate, using Conference ID: PANLQ421. A recording of the call will be available for one week post-teleconference. Pangaea provides logistics services for various industrial customers.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) announced the appointment of Mads Boye Petersen as the new Chief Operating Officer, effective April 1, 2022. He succeeds Mark Filanowski, who became CEO in December 2021. Petersen, who joined Pangaea in 2009, will oversee group strategy and capital market initiatives while continuing his role as Managing Director for the Danish and Singapore subsidiaries. His extensive experience includes enhancing the company’s ice class shipping business and managing the largest fleet of high ice class dry bulk vessels.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) announced a quarterly cash dividend of $0.05 per share, marking a 43% increase from the previous dividend. The payment will occur on March 15, 2022, for shareholders of record by March 1, 2022. CEO Mark Filanowski highlighted the continued strength in shipping markets, citing strong demand and constrained new supply, positioning the company favorably for the long term. This dividend increase reflects Pangaea's commitment to rewarding shareholders amid a favorable business climate.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) announced the passing of its Chairman and CEO, Ed Coll, a key figure in the company's development over 25 years. Under his leadership, Pangaea evolved into a prominent dry bulk owner/operator with a fleet of 25 owned ships and a total of up to 60 vessels in operation daily. Following Coll's death, Mark Filanowski, previously COO, has been appointed as the new CEO, with Richard du Moulin as Chairman. The board expresses confidence in the team to uphold Pangaea's legacy and performance amid this transition.
Pangaea Logistics Solutions Ltd. (PANL) reported strong Q3 2021 results with net income of $27.0 million, up from $7.6 million in Q3 2020. Diluted earnings per share increased to $0.60 from $0.17. Revenue soared 105% to $213.0 million, driven by average TCE rates of $28,770 per day, compared to $13,316 in the prior year. Adjusted EBITDA reached $33.6 million, reflecting successful fleet expansion with six vessels added in nine months. The company also declared a quarterly cash dividend of $0.035 per share.
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