Pangaea Logistics Solutions stock | 2026 forecast, price target & growth

Pangaea Logistics So...

NasdaqCM:PANL

$ 7,08

+ $0,20 (2,91%)

7,08 $

+$0,20 (2,91%)

End-of-day quote: 03/31/2026

Pangaea Logistics Solutions Stock Value

The analyst rating for NasdaqCM:PANL is currently Buy.

Buy

Pangaea Logistics Solutions Company Info

EPS Growth 5Y

9,13%

Market Cap

$0,46 B

Long-Term Debt

$0,32 B

Short Interest

1,32%

Quarterly earnings

05/09/2026 (E)

Dividend

$0,21

Dividend Yield

2,91%

Founded

1996

Industry

Industrials

Country

United States

ISIN Number

BMG6891L1054

Website

http://www.pangaeals.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$10,80

52.54%

Last Update: 04/01/2026

Analysts: 3

Highest Price Target $11,50

Average Price Target $10,80

Lowest Price Target $10,25

In the last five quarters, Pangaea Logistics Solutions’s Price Target has risen from $7,67 to $8,25 - a 7,56% increase. One analysts predict that Pangaea Logistics Solutions’s share price will increase in the coming year, reaching $10,80. This would represent an increase of 52,54%.

Top growth stocks in the industrials sector (5Y.)

What does Pangaea Logistics Solutions do?

Pangaea Logistics Solutions, Ltd. (‘Pangaea’), together with its subsidiaries, provides seaborne drybulk logistics and transportation services, as well as terminal and stevedoring services. Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company addresses the...

Pangaea Logistics Solutions, Ltd. (‘Pangaea’), together with its subsidiaries, provides seaborne drybulk logistics and transportation services, as well as terminal and stevedoring services.

Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company addresses the logistics needs of its customers by undertaking a comprehensive set of services and activities, including cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and vessel technical management.

The company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels (‘m/v’) in the Handymax, Supramax, Ultramax, Panamax, and Post-Panamax segments. At any time, this fleet may consist of a total of 45-60 vessels that are owned or chartered-in on a short-term basis. Following the company’s acquisition of 15 handy-size dry bulk carriers on December 30, 2024, pursuant to its acquisition of Renaissance Holdings LLC, a wholly-owned subsidiary of Strategic Shipping Inc. (‘SSI’), the company owned 41 vessels as of December 31, 2024, which were wholly-owned or partially-owned through joint ventures. The company uses this fleet to transport approximately 22 million tons of cargo annually to nearly 225 ports around the world, averaging approximately 48 vessels in service daily in 2024.

The company’s port, projects, and logistics services include cargo loading, cargo discharge, and port and terminal services to vessel and cargo owners. The company’s logistics capabilities provide a wide array of services, which allow its customers to extend their own services, to more efficiently transport their cargo, and to extend relationships with their own suppliers and customers. For some customers, the company acts as their ocean logistics department, providing scheduling, terminal operations, port services, and marketing functions. The company has worked with other customers on the design, construction, and operation of loading and discharge facilities.

In addition, the company focuses on fixing cargo and cargo contracts for transportation on backhaul routes. Backhaul routes position vessels for cargo discharge in typical loading areas. Backhaul routes allow the company to reduce ballast days and instead earn revenues at times and on routes that are typically traveled without paying cargo.

The company is a leader in the high ice class sector, supported by its operation of the world's largest fleet of dry bulk vessels over 60,000 dwt with Ice-Class 1A designation. High ice class trading includes service in ice-restricted areas in the Northern Hemisphere during both the winter (Baltic Sea and Gulf of St. Lawrence) and summer (Arctic Ocean).

The company derives substantially all of its revenue from contracts of affreightment, ‘COAs’, voyage charters, and time charters. The company transports a wide range of fundamental global commodities, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, limestone, and other minor bulk cargo.

The company’s COAs typically extend for a period of one to five years, although some extend for longer periods. A voyage charter is a contract for the carriage of a specific amount and type of cargo on a load port to discharge port basis, subject to various cargo handling terms. COAs and voyage charters provide voyage revenue to the company. A time charter is a contract under which the company is paid to provide a vessel on a per-day basis for a specified period of time. Time charters provide charter revenues to the company.

Strategy

The company’s strategies are to focus on increasing strategic COAs; expand capacity and flexibility by renewing its owned fleet; increase backhaul focus; expand and defend its presence in the niche ice trades; and increase fleet efficiency, as well as focus on customized and complete logistics solutions within targeted dry bulk trades.

Operations and Assets

The company is a service business, and its customers use the services provided because the company adds and creates value for them. To add value, the company offers a wide range of logistics services beyond the traditional loading, carriage, and discharge of cargoes. The company works with certain customers to review their contractual delivery terms and conditions, permitting those customers to reduce costs and certain risks. Another example of value-added services is the formation of a new port in Newfoundland, Canada, to load aggregate cargo for export, and a temporary port used in Greenland to load the northernmost dry bulk cargo ever carried. As a result of efforts, such as these, in some cases, the company is the de facto logistics department for certain clients.

The company’s core offering is the safe, reliable, and timely loading, carriage, and discharge of cargoes for customers. This offering requires identifying customers, agreeing on the terms of service, selecting a vessel to undertake the voyage, working with port personnel to load and discharge cargo, and documenting the transfers of title upon loading or discharge of the cargo. As a result, the company spends significant time and resources to identify and retain customers and source potential cargoes in its areas of operation. To further expand its customer base and potential cargoes, the company has developed expertise in servicing ports and routes subject to severe ice conditions.

On September 23, 2024, the company entered into a definitive Agreement and Plan of Merger (the ‘Merger Agreement’) with Strategic Shipping Inc. (‘SSI’), Renaissance Holdings LLC, a wholly-owned subsidiary of SSI (‘Renaissance’), and Renaissance Merger Sub LLC, a wholly-owned subsidiary of the company (‘Merger Sub’), pursuant to which Renaissance merged with and into Merger Sub, after which the separate existence of Merger Sub ceased and Renaissance became a wholly-owned subsidiary of the company (the ‘Merger’). As a result of the Merger, on December 30, 2024, the company acquired fifteen handy-size dry bulk vessels from SSI. Prior to the consummation of the Merger, the company and SSI entered into an Investor and Registration Rights Agreement (the ‘Investor Agreement’) pursuant to which the company registered the Common Shares issued to SSI in the Merger, together with other common shares held by SSI that were acquired after the Merger in open market transactions, for resale pursuant to a registration statement under the Securities Act, which was declared effective on January 30, 2025.

In September 2019, the company entered into an LLC agreement for the formation of NBP, which, at inception, is owned 75% by the company and 25% by an independent third party. NBP was established for the purpose of constructing and owning four new-build ice class post-Panamax vessels. The company took delivery of Nordic Nuluujaak, Nordic Qinngua, Nordic Sanngijuq, and Nordic Siku during the second quarter through fourth quarters of 2021. On October 3, 2024, the company entered into a definitive agreement to purchase the remaining 50% equity of Nordic Bulk Partners LLC from HS Nordic LLC. The transaction was finalized on November 6, 2024, giving Pangaea full ownership of Nordic Bulk Partners. This acquisition grants Pangaea 100% control over Nordic Bulk Partners.

The company operates a variety of chartered-in dry bulk carriers in addition to its owned vessels. These chartered-in vessels, including Panamax, Supramax, Ultramax, Handymax, and Handysize vessels, play a significant role in the company's operations. The company employed an average of 48 vessels at any one time during 2024. In 2024, the company owned interests in 41 vessels and chartered in another 216 for one or more voyages. The company generally charters in third-party vessels for periods of less than nine months, and, in most cases, less than six months.

Environmental and Other Regulations

A variety of government and private entities subject the company’s vessels to both scheduled and unscheduled inspections. These entities include the local port authorities (such as the U.S. Coast Guard, harbor master, or equivalent), classification societies, flag state administrations (countries of registry), charterers, and terminal operators.

The company has established Ship Energy Efficiency Management Plans (SEEMP) to improve the efficiency of its vessels.

Under Chapter IX of the SOLAS Convention, or the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention (the ‘ISM Code’), the company’s operations are also subject to environmental standards and requirements. The ISM Code requires the party with operational control of a vessel to develop an extensive safety management system that includes, among other things, the adoption of a safety and environmental protection policy setting forth instructions and procedures for operating its vessels safely and for responding to emergencies. The company relies upon the safety management system that it and its technical management team have developed for compliance with the ISM Code.

Both The Oil Pollution Act of 1990, (‘OPA’) and the Comprehensive Environmental Response, Compensation and Liability Act, or CERCLA impact the company’s operations.

The U.S. Environmental Protection Agency (‘EPA’) and the USCG have also enacted rules relating to ballast water discharge, compliance with which requires the installation of equipment on its vessels to treat ballast water before it is discharged, or the implementation of other port facility disposal arrangements or procedures at potentially substantial costs, and/or otherwise restrict its vessels from entering the U.S. Waters.

The company intends to comply with the various security measures addressed by U.S. Maritime Transportation Security Act of 2002 (‘MTSA’), the Safety of Life at Sea (‘SOLAS’) Convention, and the International Ship and Port Facility Security Code (‘the ISPS Code’).

History

Pangaea Logistics Solutions, Ltd. was founded in 1996. The company was incorporated under the laws of Bermuda as an exempted company in 2014.

Pangaea Logistics Solutions Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Dry Bulk Shipping: approx. 85% - Logistics Services: approx. 15% **TOP 3 Markets:** 1. North America: approx. 40% 2. Europe: approx. 30% 3. Asia-Pacific: approx. 20% Pangaea Logistics Solutions Ltd. generates the majority of its revenues from dry bulk shipping, with a focu...

At which locations are the company’s products manufactured?

**Production Sites:** No specific production sites, as Pangaea Logistics Solutions Ltd. mainly offers services. Pangaea Logistics Solutions Ltd. is a company specializing in the maritime transport of bulk goods. It does not operate its own production facilities, as it is a service provider in the l...

What strategy does Pangaea Logistics Solutions pursue for future growth?

**Revenue Growth:** Estimated 8-10% annually (2026) Pangaea Logistics Solutions Ltd. pursues a growth strategy based on expanding its fleet and entering new markets. The company continuously invests in modern, environmentally friendly ships to increase efficiency and reduce CO2 emissions. In addit...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Iron ore, coal, grain **Countries of Origin:** Australia, Brazil, USA, Canada Pangaea Logistics Solutions Ltd. is a company specializing in the transportation of bulk commodities. The main raw materials transported by the company include iron ore, coal, and grain....

How strong is the company’s competitive advantage?

**Market share:** Estimated 5-7% in global bulk transport (2026) **Fleet size:** Over 60 ships (2026) **Specialization:** Ice-breaking ships and niche markets Pangaea Logistics Solutions Ltd. has gained a significant competitive advantage through its specialization in ice-breaking ships and s...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (estimated for 2026 based on historical data) **Insider Buys/Sells:** No significant changes in the last year The institutional investor share in Pangaea Logistics Solutions Ltd. is approximately 65%. This demonstrates a strong confidence from institutional in...

What percentage market share does Pangaea Logistics Solutions have?

**Market share of Pangaea Logistics Solutions Ltd.:** Estimated 3-5% (2026) **Major competitors and their market shares:** 1. **Star Bulk Carriers Corp. (NasdaqGS:SBLK):** 10-12% 2. **Diana Shipping Inc. (NYSE:DSX):** 8-10% 3. **Eagle Bulk Shipping Inc. (NasdaqGS:EGLE):** 7-9% 4. **Genco Shipping &...

Is Pangaea Logistics Solutions stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Dividend Yield:** 4.0% (2025) Pangaea Logistics Solutions Ltd. achieved solid revenue growth of 8.5% in 2025, attributed to strong demand in the shipping industry and effective fleet utilization. The company was able to increase...

Does Pangaea Logistics Solutions pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (2026, estimated) **Dividend History:** Regular payouts for several years Pangaea Logistics Solutions Ltd. has been paying dividends in recent years and demonstrates a relatively stable payout policy. The estimated 4.5% dividend yield in 2026 suggests that the company con...

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Pangaea Logistics Solutions Stock Value

Pangaea Logistics Solutions Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Pangaea Logistics Solutions do?

Pangaea Logistics Solutions Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Pangaea Logistics Solutions Stock Value

Pangaea Logistics Solutions Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Pangaea Logistics Solutions do?

Pangaea Logistics Solutions Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.