AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Pangaea Logistics Q2 revenue down 24% YoY to $61.6mln, TCE rates at $12,108 per day.
ByAinvest
Thursday, Aug 7, 2025 4:45 pm ET1min read
• Pangaea Logistics Solutions reports Q2 net loss of $2.7mln, or $0.04 per share • Adjusted net loss of $1.4mln, or $0.02 per share • Adjusted EBITDA of $15.3mln • TCE rates earned by Pangaea at $12,108 per day, exceeding Baltic indices by 17%
Pangaea Logistics Solutions (PANL) has released its Q2 2025 financial results, indicating a 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. Despite these losses, the company maintained a strong operational performance with an adjusted EBITDA of $15.3 million and Time Charter Equivalent (TCE) rates of $12,108 per day, which exceeded industry benchmarks by 17% [3].The company's Q2 2025 results reflect the ongoing challenges in the dry bulk shipping sector, with TCE rates declining by 25% year-over-year. However, Pangaea's specialized fleet and cargo-focused strategy allowed it to maintain a premium performance over market indices. The company's total shipping days increased by 51% to 6,222 days, primarily due to the acquisition of fifteen handy-sized vessels in Q4 2024 [3].
Pangaea Logistics Solutions maintained financial flexibility with $59.3 million in cash and $379.7 million in total debt. During Q2, the company repaid $11.2 million in debt obligations, paid $3.2 million in dividends, and repurchased $1 million of common stock. Strategic moves included selling the 2010-built Strategic Endeavor for $7.7 million and beginning financing arrangements for two vessels. Additionally, Pangaea acquired the remaining 49% of Seamar Management, consolidating control of its technical management operations [3].
Looking ahead, early Q3 performance shows 3,671 shipping days at $14,272 per day TCE, an 18% improvement over Q2 rates, supported by seasonal factors [3].
References:
[1] https://stockanalysis.com/stocks/panl/
[2] https://www.tradingview.com/news/reuters.com,2025-08-07:newsml_PLX43DD7C:0-brief-pangaea-logistics-solutions-q2-adjusted-eps-usd-0-02/
[3] https://www.stocktitan.net/news/PANL/pangaea-logistics-solutions-ltd-reports-financial-results-for-the-swq2hfyjgmw4.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet