Pangaea Logistics Solutions Ltd.
Close on Oct 19, 2026
- Market cap
- $498.10M
- P/E (TTM)
- 10.2
- Dividend yield
- 0.65%
About Pangaea Logistics Solutions
Deep Sea Foreign Transportation of Freight, SIC 4412
Pangaea Logistics Solutions Ltd. provides seaborne drybulk logistics, ocean transportation, and terminal and stevedoring services. The company caters to a broad base of industrial clients by shipping diverse commodities such as grains, coal, iron ore, bauxite, alumina, and cement clinker. In addition to maritime transport using vessel categories like Handymax, Supramax, Ultramax, Panamax, and Post-Panamax, it delivers comprehensive port and logistics solutions, including cargo loading and discharge, voyage planning, facility operations, and technical vessel management.
The company operates an active drybulk fleet typically ranging between 60 and 75 owned or chartered vessels, transporting tens of millions of tons of cargo annually across more than 300 ports globally. It maintains specialized high ice class operations across ice-restricted waters such as the Baltic Sea, the Gulf of St. Lawrence, and the Arctic Ocean. Executive operations are based in Newport, Rhode Island, supported by additional commercial and logistics offices located in Copenhagen, Denmark, Southport, Connecticut, Athens, Greece, and Singapore.
Summary of the business section of Pangaea Logistics Solutions's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Pangaea Logistics Solutions Ltd.
- Founded
- 2014
- Headquarters
- Newport, RI
- Address
- 109 Long Wharf 02840
- Phone
- (401) 457-9552
- Website
- pangaeals.com
- Industry
- Deep Sea Foreign Transportation of Freight
- Incorporated in
- D0
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, New York, New York
Stock & identifiers
- Ticker
- PANL
- Exchange
- Nasdaq
- Shares outstanding
- 65M, Aug 7, 2026
- Public float
- $139.69M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- SEC CIK
- 1606909
- CUSIP
- G6891L105
- ISIN
- USG6891L1055
- LEI
- 54930055ZYLTF0B2VS67
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Gianni DelSignore | Chief Financial Officer | 391,462 |
| Daniel Schildt | Chief Strategy Officer | 28,068 |
| Mads Rosenber Boye Petersen | Chief Executive Officer | 703,726 |
| Anthony Laura | Director | 2,128,009 |
| Eric Rosenfeld | Director | 757,759 |
| Carl Claus Boggild | Director | 8,379,421 |
| Gary Vogel | Director | 37,228 |
| Paul M. Leand Jr. | Director | 14,151 |
| Moulin Richard T. Du | Director | 280,269 |
| Karen H. Beachy | Director | 70,821 |
| David Sgro | Director | 361,811 |
| Eugene I. Davis | Director | 14,151 |
| Christina Tan | Director | 18,893,394 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Filanowski | $1.24M | $3.79M | $1.02M | $156 | – |
| FY2024 Mr. Filanowski | $1.74M | $2.74M | $1.04M | $117 | – |
| FY2023 Mr. Filanowski | $1.48M | $3.91M | $879.83K | $168 | – |
| FY2022 | $1.81M | $2.52M | $896.23K | $144 | – |
| FY2021 | $1.19M | $1.36M | $783.78K | $145 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings