Pangaea Logistics Solutions Ltd. operates a global seaborne drybulk transportation and logistics business, maintaining a fleet of owned and chartered vessels across multiple size segments to transport commodities such as grain, coal, iron ore, and cement to ports worldwide. The company generates revenue primarily through contracts of affreightment, voyage charters, and time charters, while also providing complementary logistics services including terminal operations, cargo handling, and vessel management for industrial customers ranging from agricultural producers and mining companies to commodity traders. The company differentiates itself through specialized expertise in ice-class shipping for northern regions, integrated logistics solutions that optimize customer supply chains, strategic backhaul practices that improve vessel utilization, and disciplined risk management using hedging and chartered-in capacity to align costs with customer demand.