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Consolidated Statements of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenue $ 195,543,956 $ 145,544,365 $ 387,306,359 $ 270,516,892
Expenses:        
Voyage expense 67,907,824 46,112,779 133,158,291 93,951,636
Charter hire expense 65,713,016 62,604,014 143,424,623 116,239,356
Vessel operating expense 12,929,700 9,772,966 26,117,533 18,268,469
General and administrative 5,137,387 6,029,793 10,418,775 10,234,691
Depreciation and amortization 7,293,433 4,868,730 14,594,852 9,287,824
Loss on impairment of vessels 0 0 3,007,809 0
Loss on sale of vessels 318,032 0 318,032 0
Total expenses 159,299,392 129,388,282 331,039,915 247,981,976
Income from operations 36,244,564 16,156,083 56,266,444 22,534,916
Other income (expense):        
Interest expense, net (3,634,732) (2,621,110) (7,005,905) (4,577,916)
Income attributable to Non-controlling interest recorded as long-term liability interest expense (1,702,674) (179,080) (3,543,007) (449,745)
Unrealized (loss) gain on derivative instruments, net (3,501,649) 6,303,776 3,998,665 8,326,148
Other income (loss) 81,231 (82,496) 218,438 250,962
Total other (expense) income, net (8,757,824) 3,421,090 (6,331,809) 3,549,449
Net income 27,486,740 19,577,173 49,934,635 26,084,365
Income attributable to non-controlling interests (2,454,307) (349,898) (4,734,237) (1,002,919)
Net income attributable to Pangaea Logistics Solutions Ltd. $ 25,032,433 $ 19,227,275 $ 45,200,398 $ 25,081,446
Earnings per common share:        
Basic (in dollars per share) $ 0.56 $ 0.44 $ 1.02 $ 0.57
Diluted (in dollars per share) $ 0.56 $ 0.43 $ 1.00 $ 0.56
Weighted average shares used to compute earnings per common share:        
Basic (in shares) 44,430,487 43,998,424 44,411,025 43,989,515
Diluted (in shares) 45,070,533 44,688,602 45,129,077 44,731,058
Voyage revenue        
Revenues:        
Revenue $ 173,189,073 $ 117,395,377 $ 349,525,824 $ 225,625,680
Charter revenue        
Revenues:        
Revenue $ 22,354,883 $ 28,148,988 $ 37,780,535 $ 44,891,212