v3.26.1
Consolidated Statements of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenue $ 187,119,000 $ 156,689,000 $ 357,699,000 $ 279,491,000
Expenses:        
Voyage expense 79,058,000 77,782,000 152,796,000 138,089,000
Charter hire expense 39,104,000 31,423,000 78,282,000 49,064,000
Vessel operating expense 23,263,000 23,375,000 43,825,000 45,553,000
Terminal & stevedore expenses 2,954,000 2,686,000 7,329,000 5,238,000
General and administrative 8,962,000 7,172,000 18,989,000 14,446,000
Depreciation and amortization 12,433,000 10,597,000 24,309,000 20,521,000
Loss on write-down of vessel held for sale 0 0 358,000 0
Total expenses 165,774,000 153,036,000 325,888,000 272,911,000
Income from operations 21,345,000 3,654,000 31,811,000 6,580,000
Other income (expense):        
Interest income 1,069,000 292,000 3,121,000 736,000
Unrealized loss on derivative instruments, net (6,696,000) (1,301,000) (89,000) (1,117,000)
Other income 494,000 484,000 978,000 877,000
Total other income (expense), net (10,863,000) (6,554,000) (7,664,000) (11,679,000)
Net income (loss) 10,481,000 (2,900,000) 24,146,000 (5,099,000)
(Income) loss attributable to non-controlling interests (280,000) 158,000 (650,000) 376,000
Net income (loss) attributable to Pangaea Logistics Solutions Ltd. $ 10,201,000 $ (2,742,000) $ 23,496,000 $ (4,723,000)
Net income (loss) per common share        
Basic (in dollars per share) $ 0.16 $ (0.04) $ 0.37 $ (0.07)
Diluted (in dollars per share) $ 0.16 $ (0.04) $ 0.36 $ (0.07)
Weighted average shares used to compute earnings per common share:        
Basic (in shares) 64,396,991 64,042,209 64,295,098 63,988,996
Diluted (in shares) 65,025,857 64,042,209 64,901,400 63,988,996
Nonrelated Party        
Other income (expense):        
Interest Revenue (Expense), Net $ (5,730,000) $ (6,028,000) $ (11,674,000) $ (12,174,000)
Voyage revenue        
Revenues:        
Revenue 171,697,000 146,269,000 323,697,000 255,929,000
Charter revenue        
Revenues:        
Revenue 11,469,000 6,850,000 23,911,000 16,843,000
Port terminal & stevedore revenue        
Revenues:        
Revenue $ 3,953,000 $ 3,571,000 $ 10,091,000 $ 6,720,000