Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
Revenue of Pangaea Logistics Solutions, Ltd. (PANL)
Revenue in 2023 (TTM): $499.27 M
According to Pangaea Logistics Solutions, Ltd.'s latest financial reports the company's current revenue (TTM) is $499.27 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Pangaea Logistics Solutions, Ltd.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $499.27 M | $69.14 M | $76.43 M | $29 M | $26.32 M |
| 2022 | $699.71 M | $128.94 M | $139.13 M | $85.51 M | $79.49 M |
| 2021 | $718.1 M | $97.84 M | $102.98 M | $72.37 M | $67.23 M |
| 2020 | $382.9 M | $38.14 M | $40.27 M | $12.69 M | $2.54 M |
| 2019 | $412.2 M | $49.97 M | $51.44 M | $17.05 M | $2.07 M |
| 2018 | $372.97 M | $53.42 M | $55.23 M | $23.98 M | $17.76 M |
| 2017 | $385.09 M | $39.61 M | $41.9 M | $9.1 M | $7.81 M |
| 2016 | $238.02 M | $25.67 M | $26.84 M | $9.16 M | $7.46 M |
| 2015 | $287.33 M | $41.49 M | $38.32 M | $13.37 M | $11.28 M |
| 2014 | $398.28 M | $17.9 M | $13.04 M | $-13,647,946 | $-12,128,449 |
| 2013 | $392.47 M | $32.98 M | $31.04 M | $15.51 M | $15.45 M |
| 2012 | $387.06 M | $37.85 M | $26.32 M | $15.91 M | $-2,686,901 |