Pangaea Logistics Solutions Ltd. ( (PANL) ) has released its Q2 earnings. Here is a breakdown of the information Pangaea Logistics Solutions Ltd. presented to its investors.
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Pangaea Logistics Solutions Ltd. is a global provider of maritime logistics solutions, specializing in dry bulk logistics and transportation services, with operations in terminal and stevedoring services. In its latest earnings report for the second quarter of 2025, Pangaea reported a GAAP net loss of $2.7 million, or $0.04 per share, and an adjusted net loss of $1.4 million, or $0.02 per share. The company’s Time Charter Equivalent (TCE) rates were $12,108 per day, surpassing the average Baltic indices by 17%. Despite a decrease in TCE rates by 25% year-over-year, Pangaea increased its shipping days by 51% due to the acquisition of fifteen handy-sized vessels. The company declared a quarterly cash dividend of $0.05 per share and repurchased 202,822 shares of common stock. Additionally, Pangaea announced the sale of the vessel Strategic Endeavor for $7.7 million and acquired the remaining 49% equity of Seamar Management for $2.7 million. Looking ahead, Pangaea’s management remains focused on disciplined capital deployment and fleet renewal efforts, while expanding terminal operations in the U.S. The company sees potential stabilization and increased activity in its panamax and supramax segments, supported by its niche ice class fleet and seasonal summer arctic trade.