XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.22.2

Fixed Assets (Details) - USD ($) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | $ 467,755,973 |  | $ 469,712,054
Other fixed assets, net | 2,209,235 |  | 2,200,756
Total fixed assets, net | 469,965,208 |  | 471,912,810
Right of Use Assets (5) | 46,296,661 |  | 45,195,759
Proceeds from sale of vessels | 8,400,000 | $ 0 |
mv NORDIC ODYSSEY |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 21,570,749 |  | 22,456,407
m/v NORDIC ORION |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 22,231,771 |  | 23,057,114
m/v NORDIC OSHIMA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 24,952,260 |  | 25,612,412
m/v NORDIC OLYMPIC |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 25,305,330 |  | 25,982,802
m/v NORDIC ODIN |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 25,399,937 |  | 26,073,841
mv Nordic Bulk Oasis |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 26,941,537 |  | 27,650,350
Nordic Nuluujaak |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 38,234,130 |  | 38,949,402
Nordic Qinngua |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 38,133,232 |  | 38,838,142
NORDIC SANNGIJUQ |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 37,688,843 |  | 38,377,457
Nordic Nukilik |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 38,084,765 |  | 38,776,359
mv BULK ENDURANCE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 23,707,705 |  | 23,069,545
mv BULK COURADEOUS |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 16,056,284 |  | 16,356,730
mv BULK Concord |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 19,845,938 |  |
mv BULK NEWPORT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 10,970,171 |  | 11,566,639
m/v BULK FREEDOM |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 7,950,193 |  | 8,476,937
m/v BULK PRIDE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 12,867,799 |  | 13,560,656
BULK Spirit |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 11,997,224 |  | 12,293,336
Mv BULK Independence |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 13,799,729 |  | 13,466,530
Bulk Friendship |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 14,101,133 |  | 14,526,423
Bulk Valor |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 17,461,842 |  | 17,797,021
mv BULK PROMISE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 17,963,804 |  | 18,306,557
mv BULK PANGAEA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross |  |  | 11,802,463
MISS NORA G PEARL |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements, gross | 2,491,597 |  | 2,714,931
m/v BULK XAYMACA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Right of Use Assets (5) | 14,220,803 |  | 12,661,804
m/v BULK DESTINY |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Right of Use Assets (5) | 20,335,023 |  | 20,074,619
m/v BULK TRIDENT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Right of Use Assets (5) | $ 11,740,835 |  | $ 12,459,336

X
- Definition Proceeds from Sale of Vessel + References No definition available. + Details
Name: | panl_ProceedsfromSaleofVessel
Namespace Prefix: | panl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount before accumulated depreciation, depletion and amortization of vessels improvement and capitalized dry docking. + References No definition available. + Details
Name: | panl_VesselsAndVesselImprovementsPropertyPlantAndEquipementGross
Namespace Prefix: | panl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, after accumulated amortization, of right-of-use asset from finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123391704&loc=SL77918627-209977 + Details
Name: | us-gaap_FinanceLeaseRightOfUseAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. + 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(14)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 3: 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(a)(8)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 360 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429447&loc=SL124453093-239630 Reference 5: 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(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 + Details
Name: | us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after depreciation of long-lived, physical assets used to produce goods and services and not intended for resale, classified as other. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentOtherNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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