Welcome to our dedicated page for Pangaea Logistics Solution SEC filings (Ticker: PANL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pangaea Logistics Solutions Ltd. filings document a Nasdaq-listed maritime logistics company incorporated in Bermuda and focused on seaborne drybulk transportation, terminal operations and stevedoring services. Form 8-K reports furnish quarterly operating results and investor presentations, record dividend declarations on common shares and disclose material corporate events.
Proxy materials cover director elections, board structure, executive compensation, equity awards and related governance matters. Other recent event filings address board appointments, executive succession, changes in the independent registered public accounting firm and exhibits tied to financial results, dividends and governance actions.
Pangaea Logistics Solutions Ltd. issued 65,906 common shares upon vesting of restricted stock units. The RSUs vested on 03/16/2026 and were delivered with no cash consideration under the company’s equity incentive plan. The filing records the issuance and the related Rule 144 notice context.
Pangaea Logistics Solutions Ltd. issued 54,741 common shares on 03/16/2026 upon vesting of restricted stock units under its equity incentive plan; there was No cash consideration. The entry lists these as common shares for NASDAQ-listed common stock.
Pangaea Logistics Solutions Ltd. provides drybulk shipping, logistics, and terminal services worldwide, focusing on Handymax to Post-Panamax vessels and niche ice-class trades. It moved about 26.2 million tons of cargo in 2025, averaging 64 vessels in service per day, and owned interests in 39 vessels as of December 31, 2025.
The company emphasizes contracts of affreightment, voyage and time charters, active risk management using short-term charter-ins, fuel and freight hedging, and backhaul-focused routing to improve utilization. It highlights competitive strengths in high ice class operations, customized logistics, strong industrial customer relationships, and in-house technical management.
Pangaea details extensive environmental, safety, and labor regulation affecting its fleet, along with its ESG initiatives such as younger, more fuel-efficient ships, SEEMP plans, ballast water treatment, and compliance with IMO, U.S., EU and other regimes. Governance updates include a new CEO, additional directors, and the engagement of Deloitte & Touche LLP as auditor. As of March 13, 2026, 65,318,647 common shares were outstanding.
Pangaea Logistics Solutions Ltd. reported solid fourth quarter 2025 results, with total revenue of $183.9 million and GAAP net income of $11.9 million, or $0.19 per share. Adjusted net income was $10.1 million, or $0.16 per share, and adjusted EBITDA reached $28.7 million, up 23% year over year.
The company’s time charter equivalent rate was $17,773 per day, 19% above benchmark Baltic indices, supported by its specialized fleet and long-term contracts. Operating cash flow was $15.1 million and year-end cash and cash equivalents totaled $103.1 million against total debt and finance leases of $375.6 million.
The board declared a quarterly cash dividend of $0.05 per share and continued capital returns through $1.0 million of share repurchases in the quarter. Strategically, Pangaea is renewing its fleet, including an agreement to sell the 2006-built Bulk Xaymaca for $9.6 million, and expanding terminal operations in multiple U.S. ports to support integrated logistics growth.
Pangaea Logistics Solutions Ltd. director Eric Rosenfeld reported an equity award of common shares. On February 18, 2026, he acquired 14,151 unrestricted common shares of the company at $8.48 per share, issued under the 2024 Share Incentive Plan as amended by the board.
Leand Paul M. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Pangaea Logistics Solutions Ltd. director Paul M. Leand Jr. received a grant of 14,151 common shares. The award was recorded on February 18, 2026 at a reported price of $8.48 per share, and his directly owned stake after the grant totals 14,151 shares.
DAVIS EUGENE I reported acquisition or exercise transactions in this Form 4 filing.
Pangaea Logistics Solutions Ltd. director Eugene I. Davis received a grant of 14,151 common shares on February 18, 2026, at $8.48 per share. Following this award, his directly owned holdings total 14,151 common shares.
Vogel Gary reported acquisition or exercise transactions in this Form 4 filing.
Pangaea Logistics Solutions Ltd. director Gary Vogel reported receiving a grant of 14,151 common shares on February 18, 2026. The unrestricted shares were issued under the company’s 2024 Share Incentive Plan, bringing his directly held position to 37,228 common shares after the award.
Beachy Karen H reported acquisition or exercise transactions in this Form 4 filing.
Pangaea Logistics Solutions Ltd. director Karen H. Beachy received an award of 14,151 common shares on February 18, 2026 at $8.48 per share. The shares were issued under the company’s 2024 Share Incentive Plan, bringing her directly held stake to 70,821 shares.
Pangaea Logistics Solutions Ltd. director Laura Anthony reported acquiring 14,151 common shares as a grant or award. The shares were issued at a price of $8.48 per share under the company’s 2024 Share Incentive Plan. Following this equity award, her direct holdings total 37,228 common shares.