Pangaea Logistics Solutions

Pangaea Logistics Solutions is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. Pangaea addresses the transportation needs of its customers by undertaking a set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management.

Type
Public
HQ
Newport, US
Founded
2008
Size (employees)
62 (est)+3000%
Pangaea Logistics Solutions was founded in 2008 and is headquartered in Newport, US

Pangaea Logistics Solutions Office Locations

Pangaea Logistics Solutions has offices in Newport, Singapore, Hellerup, Rio de Janeiro and in 1 other location
Newport, US (HQ)
109 Long Wharf
Rio de Janeiro, BR
22290 Av. Brasil
Hellerup, DK
4 Tuborg Havnevej
Marousi, GR
90 Leof. Kifisias
Singapore, SG
24 Duxton Hill
Show all (5)

Pangaea Logistics Solutions Financials and Metrics

Pangaea Logistics Solutions Financials

Pangaea Logistics Solutions's revenue was reported to be $198.9 m in FY, 2016
USD

Revenue (Q3, 2017)

107 m

Net income (Q3, 2017)

8.8 m

EBIT (Q3, 2017)

10 m

Market capitalization (31-Oct-2017)

105.1 m

Closing share price (31-Oct-2017)

2.4

Cash (30-Sep-2017)

29.3 m
Pangaea Logistics Solutions's current market capitalization is $105.1 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

30.5 m61.3 m83.2 m146.6 m191 m191 m198.9 m

Revenue growth, %

101%36%76%30%0%4%

Cost of goods sold

888 k3.7 m4.5 m28.9 m41.3 m63 m26.3 m

Gross profit

29.7 m57.6 m78.7 m117.8 m149.7 m128 m172.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

37.8 m64.1 m31.2 m58.1 m39.4 m29.7 m64.4 m30.2 m55.6 m102.5 m107 m

Cost of goods sold

13 m11.3 m

Gross profit

42.6 m91.2 m

Gross profit Margin, %

77%89%
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

22.7 m111.8 m111.8 m85.9 m70.6 m45.4 m97.5 m139.4 m

Accounts Receivable

15.7 m22.1 m24.7 m25 m

Inventories

10.6 m37.1 m12.7 m17.3 m

Current Assets

327 m370.5 m447.7 m385.4 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

35.9 m75.6 m37.4 m125.2 m109.3 m90 m110.1 m69.9 m54.4 m96.1 m109.4 m29.3 m

Accounts Receivable

24.5 m20.5 m22.1 m18.2 m17.4 m28.4 m20.9 m18 m22.5 m36.3 m39.7 m30.9 m

Inventories

14.6 m20.7 m29.8 m39 m17 m13.7 m14.7 m16.5 m16.1 m16.7 m24.4 m

Current Assets

337.7 m363.4 m351 m407.3 m410.2 m423.9 m432.4 m366.3 m342 m383.7 m436.9 m94.2 m
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    74.1 m41.9 m14.7 m48.1 m

    Depreciation and Amortization

    13 m13.1 m14.1 m20.8 m

    Accounts Receivable

    (7 m)(6.4 m)(2.7 m)1.2 m

    Inventories

    424 k(27 m)(8.6 m)(4.5 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    16.2 m4 m24.4 m28.7 m1.3 m(10.5 m)(3.4 m)1.9 m23.8 m22.3 m10.4 m57.6 m8.8 m

    Depreciation and Amortization

    9.7 m3.3 m6.4 m9.7 m3.5 m6.9 m10.5 m3.7 m7.4 m14 m6.7 m13.4 m

    Accounts Receivable

    (9.1 m)(8.9 m)(4.8 m)(6.5 m)3.9 m4.7 m(6.3 m)3.9 m6.7 m3.7 m(11.3 m)(14.7 m)30.9 m

    Inventories

    3.2 m(4 m)(10.1 m)(19.2 m)(1.9 m)(12.9 m)(9.6 m)(2 m)(3.7 m)(3.2 m)646 k(7.1 m)
      Y, 2017

      Financial Leverage

      2 x
      Show all financial metrics

      Pangaea Logistics Solutions Market Value History

      Pangaea Logistics Solutions's Web-traffic and Trends

      Pangaea Logistics Solutions Online and Social Media Presence

      Pangaea Logistics Solutions Company Life and Culture

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