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Consolidated Statements of Income - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Voyage revenue $ 93,688,834 $ 65,986,320 $ 251,608,298 $ 161,509,615
Charter revenue 13,334,202 4,797,572 31,293,637 10,173,501
Revenues 107,023,036 70,783,892 282,901,935 171,683,116
Expenses:        
Voyage expense 44,305,446 29,166,651 124,174,513 74,434,257
Charter hire expense 34,764,942 19,655,327 91,140,160 43,199,730
Vessel operating expense 9,144,472 7,483,507 26,810,071 22,277,417
General and administrative 4,762,860 3,179,287 11,418,900 9,151,608
Depreciation and amortization 3,950,661 3,532,171 11,604,168 10,576,223
Loss on sale and leaseback of vessels 70,000 0 9,275,042 0
Total expenses 96,998,381 63,016,943 274,422,854 159,639,235
Income from operations 10,024,655 7,766,949 8,479,081 12,043,881
Other income (expense):        
Interest expense, net (2,106,139) (1,258,105) (5,981,237) (4,158,143)
Interest expense on related party debt (79,713) (79,712) (236,538) (235,212)
Unrealized (loss) gain on derivative instruments, net 59,138 (161,002) (430,869) (1,212,434)
Other income (expense) 977,795 (8,097) 1,885,801 (42,754)
Total other expense, net (1,267,195) (1,184,912) (3,901,105) (3,223,675)
Net income 8,757,460 6,582,037 4,577,976 8,820,206
Income attributable to non-controlling interests (1,576,209) (517,701) (787,063) (1,429,132)
Net income attributable to Pangaea Logistics Solutions Ltd. $ 7,181,251 $ 6,064,336 $ 3,790,913 $ 7,391,074
Earnings per common share:        
Basic (in dollars per share) $ 0.18 $ 0.17 $ 0.10 $ 0.21
Diluted (in dollars per share) $ 0.17 $ 0.17 $ 0.10 $ 0.21
Weighted average shares used to compute earnings per common share        
Weighted Average Number of Shares Outstanding, Basic 40,796,867 35,165,532 37,225,825 35,148,793
Weighted Average Number of Shares Outstanding, Diluted 41,074,592 35,347,403 37,674,123 35,299,839