<SEC-DOCUMENT>0000930413-15-000032.txt : 20150105
<SEC-HEADER>0000930413-15-000032.hdr.sgml : 20150105
<ACCEPTANCE-DATETIME>20150105213646
ACCESSION NUMBER:		0000930413-15-000032
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150105
DATE AS OF CHANGE:		20150105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pangaea Logistics Solutions Ltd.
		CENTRAL INDEX KEY:			0001606909
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		109 LONG WHARF
		CITY:			NEWPORT
		STATE:			RI
		ZIP:			02840
		BUSINESS PHONE:		401 846 7790

	MAIL ADDRESS:	
		STREET 1:		109 LONG WHARF
		CITY:			NEWPORT
		STATE:			RI
		ZIP:			02840

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Quartet Holdco Ltd.
		DATE OF NAME CHANGE:	20140430

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sgro David
		CENTRAL INDEX KEY:			0001376451

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36798
		FILM NUMBER:		15508037

	MAIL ADDRESS:	
		STREET 1:		10 EAST 53RD STREET
		STREET 2:		35TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>c79678_4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2014-12-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001606909</issuerCik>
        <issuerName>Pangaea Logistics Solutions Ltd.</issuerName>
        <issuerTradingSymbol>PANL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001376451</rptOwnerCik>
            <rptOwnerName>Sgro David</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>777 THIRD AVENUE, 37TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.0001 per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2014-12-31</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>75568</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares are subject to a Restricted Share Grant Notice and Agreement and were issued pursuant to the 2014 Share Incentive Plan. Fifty percent of the shares vest on the first anniversary of the date of grant, with the remaining fifty percent to vest on the second anniversary of the date of grant, subject to accelerated vesting in certain circumstances.</footnote>
    </footnotes>

    <remarks>Exhibit List 24: Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>David D. Sgro</signatureName>
        <signatureDate>2015-01-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>c79678_ex24.htm
<TEXT>
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<P STYLE="margin: 0"></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right; text-indent: 0in"><b>Exhibit 24</b></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in">AUTHORIZATION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">I hereby authorize Edward Coll and Anthony
Laura, or any one of them, to sign and file on my behalf any and all forms required by the Securities and Exchange Commission pursuant
to Section 16 of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;) relating to the reporting of beneficial ownership
of equity securities of Pangaea Logistics Solutions Ltd. (the &ldquo;Company&rdquo;), and of changes in such beneficial ownership,
together with any and all amendments thereto. This Authorization shall be effective on and after the date set forth below and shall
continue in effect until I am no longer required to file such forms, unless earlier revoked by me in writing.</P>




<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">I acknowledge that the persons authorized
hereunder are not assuming, nor is the Company assuming, any of my responsibilities to comply with Section 16 of the Exchange Act.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">Dated as of the 5<SUP>th</SUP> day of January,
2015</P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 34%; text-align: right; vertical-align: bottom"><P STYLE="font: 12pt Times New Roman, Times, Serif">&#9;By:&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid"><P STYLE="font: 12pt Times New Roman, Times, Serif">/s/ &#9;David D. Sgro</P></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">
</TD>
    <TD><P STYLE="font: 12pt Times New Roman, Times, Serif">&#9;David D. Sgro</P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>



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