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  <xs:element id="panl_StrategicTenacityMember" abstract="true" name="StrategicTenacityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_StrategicEndeavorMember" abstract="true" name="StrategicEndeavorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_MissNoraGPearlMember" abstract="true" name="MissNoraGPearlMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_OtherFixedAssetsMember" abstract="true" name="OtherFixedAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_StrategicFortitudeMember" abstract="true" name="StrategicFortitudeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FixedAssetsExcludingOtherMember" abstract="true" name="FixedAssetsExcludingOtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_MvBulkXaymacaMember" abstract="true" name="MvBulkXaymacaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_VesselsAndVesselImprovementsPropertyPlantAndEquipementGross" abstract="false" name="VesselsAndVesselImprovementsPropertyPlantAndEquipementGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_BulkNordicOasisLtd.LoanAgreementMember" abstract="true" name="BulkNordicOasisLtd.LoanAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkEnduranceLoanAgreementMember" abstract="true" name="BulkEnduranceLoanAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkValorCorpLoanAgreementMember" abstract="true" name="BulkValorCorpLoanAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkPromiseCorpLoanMember" abstract="true" name="BulkPromiseCorpLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkSachuestLoanAndSecurityAgreementMember" abstract="true" name="BulkSachuestLoanAndSecurityAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_LongWharfConstructionToTermDebtMember" abstract="true" name="LongWharfConstructionToTermDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_STShippingandTransportLtd.STSTMember" abstract="true" name="STShippingandTransportLtd.STSTMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_PangeaBaltimoreLLCMember" abstract="true" name="PangeaBaltimoreLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_InstallmentSalesContract" abstract="false" name="InstallmentSalesContract" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_DebtInstrumentNumberOfMonthlyInstallments" abstract="false" name="DebtInstrumentNumberOfMonthlyInstallments" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="panl_LongTermDebtBeforeUnamortizedDiscountPremiumGross" abstract="false" name="LongTermDebtBeforeUnamortizedDiscountPremiumGross" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_BulkSpiritLtdFebruary2027Member" abstract="true" name="BulkSpiritLtdFebruary2027Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkFriendshipCorp.August2029Member" abstract="true" name="BulkFriendshipCorp.August2029Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicSevenLLCMay2036Member" abstract="true" name="BulkNordicSevenLLCMay2036Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicEightLLCJune2036Member" abstract="true" name="BulkNordicEightLLCJune2036Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicNineLLCSeptember2036Member" abstract="true" name="BulkNordicNineLLCSeptember2036Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicTenLLCNovember2036Member" abstract="true" name="BulkNordicTenLLCNovember2036Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkCourageousCorpApril2028Member" abstract="true" name="BulkCourageousCorpApril2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_PhoenixBulkFebruary2029Member" abstract="true" name="PhoenixBulkFebruary2029Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkIndependenceDecember2028Member" abstract="true" name="BulkIndependenceDecember2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkPrideDecember2028Member" abstract="true" name="BulkPrideDecember2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_TripartiteAgreementJune2029Member" abstract="true" name="TripartiteAgreementJune2029Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SBCEntityAugust3031Member" abstract="true" name="SBCEntityAugust3031Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SBCExplorerMarch2030Member" abstract="true" name="SBCExplorerMarch2030Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_RHIFortitudeJanuary2031Member" abstract="true" name="RHIFortitudeJanuary2031Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SBCHarmonyAugust2031Member" abstract="true" name="SBCHarmonyAugust2031Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_RHISavannahSeptember2029Member" abstract="true" name="RHISavannahSeptember2029Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_RHITenacityApril2027Member" abstract="true" name="RHITenacityApril2027Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SBCVentureJuly2031Member" abstract="true" name="SBCVentureJuly2031Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SBCSpiritJuly2032Member" abstract="true" name="SBCSpiritJuly2032Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SBCVisionJune2030Member" abstract="true" name="SBCVisionJune2030Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicOshimaBulkNordicOdinNordicOlympicNordicOasisMember" abstract="true" name="BulkNordicOshimaBulkNordicOdinNordicOlympicNordicOasisMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicOshimaLtdAmendedandRestatedLoanAgreementMember" abstract="true" name="BulkNordicOshimaLtdAmendedandRestatedLoanAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_PangeaTexasLLCMember" abstract="true" name="PangeaTexasLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_LongTermDebtAndLeaseObligationNetOfUnamortizedIssuanceExpense" abstract="false" name="LongTermDebtAndLeaseObligationNetOfUnamortizedIssuanceExpense" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_FinancingObligationAxis" abstract="true" name="FinancingObligationAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="panl_FinancingObligationDomain" abstract="true" name="FinancingObligationDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinancingObligationUnderASC842RemainderOfFiscalYearMember" abstract="true" name="FinancingObligationUnderASC842RemainderOfFiscalYearMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinancingObligationUnderASC842YearOneMember" abstract="true" name="FinancingObligationUnderASC842YearOneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinancingObligationUnderASC842YearTwoMember" abstract="true" name="FinancingObligationUnderASC842YearTwoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinancingObligationUnderASC842YearThreeMember" abstract="true" name="FinancingObligationUnderASC842YearThreeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinancingObligationUnderASC842YearFourMember" abstract="true" name="FinancingObligationUnderASC842YearFourMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinancingObligationUnderASC842AfterYearFourMember" abstract="true" name="FinancingObligationUnderASC842AfterYearFourMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinanceLeaseLiabilityToBePaidAfterYearFour" abstract="false" name="FinanceLeaseLiabilityToBePaidAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_LongTermDebtAndFinanceLeaseObligation" abstract="false" name="LongTermDebtAndFinanceLeaseObligation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_FinanceLeaseLiabilityInterestCosts" abstract="false" name="FinanceLeaseLiabilityInterestCosts" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_BulkPODSLtdDecember2027Member" abstract="true" name="BulkPODSLtdDecember2027Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_BulkNordicFiveLtdApril2028Member" abstract="true" name="BulkNordicFiveLtdApril2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FinanceLeaseLiabilityIssuanceCosts" abstract="false" name="FinanceLeaseLiabilityIssuanceCosts" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_FinanceLeaseLiabilityNet" abstract="false" name="FinanceLeaseLiabilityNet" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_PaymentsForExerciseOfFinanceLeasePurchaseOption" abstract="false" name="PaymentsForExerciseOfFinanceLeasePurchaseOption" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_MarginAccountsMember" abstract="true" name="MarginAccountsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_ForwardFreightAgreementsMember" abstract="true" name="ForwardFreightAgreementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_FuelSwapContractMember" abstract="true" name="FuelSwapContractMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_AffiliatedCompaniesSeamarMember" abstract="true" name="AffiliatedCompaniesSeamarMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_MTMShipManagementMember" abstract="true" name="MTMShipManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_CommissionsPayableMember" abstract="true" name="CommissionsPayableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_PhoenixBulkCarriersBrasilMember" abstract="true" name="PhoenixBulkCarriersBrasilMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_TechnicalManagementFees" abstract="false" name="TechnicalManagementFees" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_ShareRepurchaseProgramAuthorizedPercentOfMarketCapitalization" abstract="false" name="ShareRepurchaseProgramAuthorizedPercentOfMarketCapitalization" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="panl_TreasuryStockRetiredAveragePricePerShare" abstract="false" name="TreasuryStockRetiredAveragePricePerShare" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="panl_CommonStockSharesOutstandingRollForward" abstract="true" name="CommonStockSharesOutstandingRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="panl_LesseeOperatingLeaseTermExtension" abstract="false" name="LesseeOperatingLeaseTermExtension" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="panl_OperatingLeasesMonthlyRentExpense" abstract="false" name="OperatingLeasesMonthlyRentExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="panl_OperatingSegmentMember" abstract="true" name="OperatingSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_SeaborneDryBulkLogisticsAndTransportationServicesSegmentMember" abstract="true" name="SeaborneDryBulkLogisticsAndTransportationServicesSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_Country_SingaporeDomain" abstract="true" name="Country_SingaporeDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_Country_GermanyDomain" abstract="true" name="Country_GermanyDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_OtherMember" abstract="true" name="OtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="panl_RevenueFromContractWithCustomerExcludingAssessedTaxAndVoyageExpense" abstract="false" name="RevenueFromContractWithCustomerExcludingAssessedTaxAndVoyageExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
