Pangaea Logistics Solutions Ltd
Company Overview
Pangaea Logistics Solutions Ltd is a global shipping and logistics company that provides seaborne dry bulk transportation services. The company operates a fleet of vessels that transport various bulk commodities including grains, coal, iron ore, cement, limestone, and fertilizers. They specialize in ice-class vessels and operations in challenging environments.
The company generates revenue primarily through freight and cargo transportation services, vessel chartering, and logistics management. Their business model is based on the physical transportation of goods rather than financial services or interest-based activities.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $153.12m | $142.54m | - | $4.43m | 0.00% | 3.11% |
| June 30, 2024 | $131.5m | $127.58m | - | $3.69m | 0.00% | 2.89% |
| March 31, 2024 | $104.75m | $98.39m | - | $4.67m | 0.00% | 4.74% |
Company Impact
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