Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) is a drybulk shipping and logistics company that provides ocean transportation services for industrial and agricultural commodities. The company transports cargoes such as coal, grain, salt, gypsum, dolomite, bauxite and other bulk materials for customers involved in mining, energy, construction and manufacturing.
Pangaea owns and operates a fleet of drybulk vessels and also charters additional ships to support its transportation activities. Its vessels include Handymax, Supramax, Panamax and larger bulk carriers, as well as specialized ice-class ships designed to operate in challenging environments. The company provides voyage planning, cargo coordination, vessel chartering and other logistics services intended to manage shipments from origin to destination.
In addition to shipping, Pangaea has interests in terminal and port-related operations, including stevedoring, cargo handling, storage and transloading. These capabilities allow the company to offer integrated transportation solutions rather than relying solely on point-to-point vessel services. Founded in 1996, Pangaea serves customers and shipping routes in North America and international markets, with operations connected to ports and cargo facilities in regions including the United States, Canada, Europe and the Caribbean.
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