XML 71 R57.htm IDEA: XBRL DOCUMENT
v3.20.4

Secured Long-term Debt - Narrative (Details) |  |  |  |  |  |  |  |  |  | 1 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2020 USD ($) | Dec. 23, 2020 USD ($) installment | May 13, 2019 USD ($) installment | Dec. 21, 2017 USD ($) installment | Jun. 14, 2017 USD ($) installment | Jan. 07, 2017 USD ($) tranche installment | May 27, 2016 USD ($) installment | Dec. 11, 2015 USD ($) installment | Sep. 28, 2015 USD ($) installment | Sep. 30, 2020 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Apr. 27, 2017 | Mar. 31, 2017 | Jan. 31, 2017
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt, gross | $ 105,787,590 |  |  |  |  |  |  |  |  |  | $ 105,787,590 |  |  |  |
Secured Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt, gross | $ 105,787,590 |  |  |  |  |  |  |  |  |  | $ 105,787,590 | $ 110,778,263 |  |  |
Secured Debt | Bulk Nordic Oasis Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  |  |  | $ 21,500,000 |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  |  |  | 375,000 |  |  |  |  |  |  |
Balloon payment to be paid |  |  |  |  |  |  |  | $ 12,500,000 |  |  |  |  |  |  |
Interest rate, stated percentage | 4.30% |  |  |  |  |  |  | 4.30% |  |  | 4.30% |  |  |  |
Long-term debt, gross | $ 14,000,000 |  |  |  |  |  |  |  |  |  | $ 14,000,000 | 15,500,000 |  |  |
Secured Debt | m/v NORDIC OASIS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  |  |  | 24 |  |  |  |  |  |  |
Secured Debt | Bulk Freedom Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  | $ 5,500,000 |  |  |  |  |  |  |  |  |  |
Balloon payment to be paid |  |  |  |  | $ 2,300,000 |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 4.03% |  |  |  |  |  |  |  |  |  | 4.03% |  |  |  |
Basis spread on variable rate |  |  |  |  | 3.75% |  |  |  |  |  | 4.03% |  |  |  |
Long-term debt, gross | $ 3,200,000 |  |  |  |  |  |  |  |  |  | $ 3,200,000 | 3,800,000 |  |  |
Secured Debt | 109 Long Wharf Commercial Term Loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  |  | $ 1,096,000 |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  |  | 120 |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  |  | $ 9,133 |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  | 2.00% |  |  |  |  |  |  |  |
Secured Debt | Bulk Endurance Senior Tranche Loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  | $ 16,000,000 |  |  |  |  |  |  |  |  |
Secured Debt | Bulk Nordic Odyssey (MI) Corp., Bulk Nordic Orion (MI) Corp. Senior Secured Term Loan Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  | $ 18,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  | 28 |  |  |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  | $ 571,821 |  |  |  |  |  |  |  |  |  |  |  |  |
Balloon payment to be paid |  | $ 4,400,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 0.0295% | 2.95% |  |  |  |  |  |  |  |  | 0.0295% |  |  |  |
Long-term debt, gross | $ 18,000,000 |  |  |  |  |  |  |  |  |  | $ 18,000,000 | $ 0 |  |  |
m/v Nordic Odin and m/v Nordic Olympic | Secured Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  |  |  |  | $ 21,750,000 |  |  |  |  |  |
m/v Nordic Odin and m/v Nordic Olympic | Secured Debt | Bulk Nordic Odin, Bulk Nordic Olympic, Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  |  |  |  | 28 |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  |  |  |  | $ 375,000 |  |  |  |  |  |
Balloon payment to be paid |  |  |  |  |  |  |  |  | 11,233,150 |  |  |  |  |  |
Interest rate, stated percentage |  |  |  |  |  |  |  |  |  |  |  |  | 4.07% |  | 4.16%
Odyssey and Orion | Secured Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  |  |  |  | $ 13,500,000 |  |  |  |  |  |
Odyssey and Orion | Secured Debt | Bulk Nordic Odin, Bulk Nordic Olympic, Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  |  |  |  | 20 |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  |  |  |  | $ 5,677,203 | $ 375,000 |  |  |  |  |
Balloon payment to be paid |  |  |  |  |  |  |  |  | $ 375,000 |  |  |  |  |  |
Interest rate, portion fixed |  |  |  |  |  |  |  |  |  |  |  |  |  | 50.00% |
Interest rate, stated percentage |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.95%
Odyssey and Orion | Secured Debt | Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Debt Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  |  | 2.00% |  |  |  |  |  |
m/v NORDIC OSHIMA | Secured Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  |  |  |  | $ 21,000,000 |  |  |  |  |  |
m/v NORDIC OSHIMA | Secured Debt | Bulk Nordic Odin, Bulk Nordic Olympic, Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, portion fixed |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 50.00%
m/v NORDIC OSHIMA | Secured Debt | Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Debt Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, effective percentage | 2.48% |  |  |  |  |  |  |  |  |  | 2.48% |  |  |  |
Nordic Bulk Oshima | Secured Debt | Bulk Nordic Odin, Bulk Nordic Olympic, Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  |  |  |  | 28 |  |  |  |  |  |
Nordic Bulk Oshima | Secured Debt | Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Debt Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  |  |  |  | $ 375,000 |  |  |  |  |  |
Balloon payment to be paid |  |  |  |  |  |  |  |  | $ 11,254,295 |  |  |  |  |  |
Basis spread on variable rate | 2.25% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eight equal quarterly installments | Secured Debt | Bulk Freedom Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  | 8 |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  | $ 175,000 |  |  |  |  |  |  |  |  |  |
Twelve equal quarterly installments | Secured Debt | Bulk Freedom Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  | 12 |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  | $ 150,000 |  |  |  |  |  |  |  |  |  |
Tranche A | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  | 27 |  |  |  |  |  |  |  |  |
Balloon payment to be paid |  |  |  |  |  | $ 8,766,658 |  |  |  |  |  |  |  |  |
Number of tranches | tranche |  |  |  |  |  | 2 |  |  |  |  |  |  |  |  |
Tranche A | Secured Debt | Bulk Endurance Senior Tranche Loan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  | $ 19,500,000 |  |  |  |  |  |  |  |  |
Tranche A | Three equal quarterly installments | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  | 100,000 |  |  |  |  |  |  |  |  |
Tranche A | Seventeen equal quarterly installments | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  | 266,667 |  |  |  |  |  |  |  |  |
Tranche B | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  | $ 3,500,000 |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  |  |  | 28 |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  |  |  | $ 65,000 |  |  |  |  |  |  |  |  |
Balloon payment to be paid |  |  |  |  |  | $ 1,745,000 |  |  |  |  |  |  |  |  |
Tranche C and B [Member] | Secured Debt | The Amended Senior Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  | $ 10,000,000 |  |  |  |  |  |  |  |  |  |  |
Tranche C | Secured Debt | The Amended Senior Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  | $ 8,500,000 |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  | 26 |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  | $ 275,000 |  |  |  |  |  |  |  |  |  |  |
Balloon payment to be paid |  |  |  | 1,350,000 |  |  |  |  |  |  |  |  |  |  |
Tranche D | Secured Debt | The Amended Senior Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  |  | $ 1,500,000 |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  |  | 4 |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  |  | $ 375,000 |  |  |  |  |  |  |  |  |  |  |
Tranche E | Secured Debt | Bulk Independence |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount |  |  | $ 14,000,000 |  |  |  |  |  |  |  |  |  |  |  |
Number of periodic payments | installment |  |  | 20 |  |  |  |  |  |  |  |  |  |  |  |
Periodic payment, principal amount |  |  | $ 250,000 |  |  |  |  |  |  |  |  |  |  |  |
Balloon payment to be paid |  |  | $ 9,000,000 |  |  |  |  |  |  |  |  |  |  |  |
Interest Rate Period One | Tranche A | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 3.69% |  |  |  |  |  |  |  |  |  | 3.69% |  |  |  |
Interest Rate Period One | Tranche B | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, effective percentage | 1.93% |  |  |  |  |  |  |  |  |  | 1.93% |  |  |  |
Interest Rate Period One | Tranche C | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 4.69% |  |  |  |  |  |  |  |  |  | 4.69% |  |  |  |
Interest Rate Period One | Tranche E | Secured Debt | Bulk Independence |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 3.48% |  |  |  |  |  |  |  |  |  | 3.48% |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  |  |  |  | 3.54% |  |  |  |
Interest Rate Period Two | Tranche B | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 4.39% |  |  |  |  |  |  |  |  |  | 4.39% |  |  |  |
Interest Rate Period Two | Tranche C | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 5.39% |  |  |  |  |  |  |  |  |  | 5.39% |  |  |  |
Interest Rate Period Two | Tranche E | Secured Debt | Bulk Independence |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage | 2.84% |  |  |  |  |  |  |  |  |  | 2.84% |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Period One | Tranche A | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  | 3.46% |  |  |  |  |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Period One | Tranche B | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  | 1.70% |  |  |  |  |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Period One | Tranche C | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  |  |  |  | 3.60% |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Period One | Tranche E | Secured Debt | Bulk Independence |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 1.70% |  |  |  |  |  |  |  |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Period Two | Tranche B | Secured Debt | Bulk Nordic Six Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  | 2.40% |  |  |  |  |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Period Two | Tranche E | Secured Debt | Bulk Independence |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 2.40% |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Debt Instrument, Interest Rate, Portion Fixed + References No definition available. + Details
Name: | panl_DebtInstrumentInterestRatePortionFixed
Namespace Prefix: | panl_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Number of Periodic Payments + References No definition available. + Details
Name: | panl_DebtInstrumentNumberofPeriodicPayments
Namespace Prefix: | panl_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Number of Tranches + References No definition available. + Details
Name: | panl_DebtInstrumentNumberofTranches
Namespace Prefix: | panl_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | panl_LongtermDebtLineItems
Namespace Prefix: | panl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of the required periodic payments applied to principal. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentPeriodicPaymentPrincipal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkNordicOasisLtd.LoanAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_MvNordicBulkOasisMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkFreedomLoanAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_A109LongWharfCommercialTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkEnduranceSeniorTrancheLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkNordicOdysseyMICorpBulkNordicOrionMICorpSeniorSecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=panl_MvNordicOdinandmvNordicOlympicMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkNordicOdinBulkNordicOlympicBulkNordicOdysseyBulkNordicOrionandBulkNordicOshimaLoanAgreementMemberDomain
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=panl_OdysseyAndOrionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkNordicOdysseyBulkNordicOrionAndBulkNordicOshimaDebtAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=panl_MvNORDICOSHIMAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=panl_NordicBulkOshimaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_DebtRepaymentInstallmentAxis=panl_EightEqualQuarterlyInstallmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_DebtRepaymentInstallmentAxis=panl_TwelveEqualQuarterlyInstallmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_LoanTrancheAxis=panl_TrancheAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkNordicSixLtd.LoanAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_DebtRepaymentInstallmentAxis=panl_ThreeequalquarterlyinstallmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_DebtRepaymentInstallmentAxis=panl_SeventeenequalquarterlyinstallmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_LoanTrancheAxis=panl_TrancheBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_LoanTrancheAxis=panl_TrancheCandBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_TheAmendedSeniorFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_LoanTrancheAxis=panl_TrancheCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_LoanTrancheAxis=panl_TrancheDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_LoanTrancheAxis=panl_TrancheEMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=panl_BulkIndependenceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_InterestRatePeriodAxis=panl_InterestRatePeriodOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | panl_InterestRatePeriodAxis=panl_InterestRatePeriodTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |