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Unaudited Quarterly Data (Tables)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information


(Dollars in millions, except share and per share amounts. Figures may not foot due to rounding)			2022												2021
			Q1			Q2			Q3			Q4			Q1			Q2			Q3			Q4
Revenues:
Voyage revenue			$	176.3		$	173.2		$	173.2		$	117.3		$	108.2		$	117.4		$	186.4		$	202.5
Charter revenue			15.4			22.4			11.3			10.6			16.7			28.1			26.7			32.1
			191.7			195.6			184.5			127.9			125.0			145.5			213.1			234.6
Expenses:
Voyage expense			65.3			67.9			74.7			54.2			47.8			46.1			60.4			65.3
Charter hire expense			77.7			65.7			50.8			28.2			53.6			62.6			103.7			115.0
Vessel operating expenses			13.2			12.9			15.4			15.4			8.5			9.8			11.8			12.7
General and administrative			5.3			5.1			5.8			3.9			4.2			6.0			4.4			4.3
Depreciation and amortization			7.3			7.3			7.4			7.5			4.4			4.9			7.2			6.5
Loss on impairment of vessels			3.0			—			—			—			—			—			—			—
Loss on sale of vessel			—			0.3			—			—			—			—			—			—

Total expenses			171.8			159.2			154.1			109.2			118.5			129.4			187.5			203.8
Income from operations			19.9			36.4			30.4			18.7			6.5			16.1			25.6			30.8
Other income (expense):
Interest expense, net			(3.4)			(3.6)			(4.1)			(3.6)			(2.0)			(2.6)			(2.4)			(3.3)
Income attributable to Non-controlling interest recorded as long-term liability interest expense			(1.8)			(1.7)			(2.4)			(0.8)			(0.3)			(0.2)			(0.3)			(0.4)
Unrealized gain (loss) on derivative instruments			7.5			(3.5)			(4.5)			1.2			2.0			6.3			5.3			(9.8)
Other income (expense)			0.1			0.1			0.3			0.3			0.3			(0.1)			0.6			0.3
Total other income (expense), net			2.4			(8.7)			(10.7)			(2.9)			—			3.4			3.2			(13.2)

Net income			22.3			27.7			19.7			15.8			6.5			19.5			28.8			17.6
Income attributable to noncontrolling interests			(2.3)			(2.5)			(1.0)			(0.3)			(0.7)			(0.3)			(1.7)			(2.4)
Net income attributable to Pangaea Logistics Solutions Ltd.			$	20.0		$	25.2		$	18.7		$	15.5		$	5.8		$	19.2		$	27.1		$	15.2

Earnings (loss) per common share:
Basic			$	0.45		$	0.56		$	0.42		$	0.35		$	0.13		$	0.44		$	0.61		$	0.34
Diluted			$	0.45		$	0.56		$	0.42		$	0.34		$	0.13		$	0.43		$	0.60		$	0.34
Weighted average shares used to compute earnings per common share
Basic			44,388,960			44,430,487			44,415,575			44,435,664			43,971,352			43,998,424			44,004,980			44,004,980
Diluted			45,192,983			45,070,533			44,640,278			44,985,969			44,549,286			44,688,602			44,927,456			44,689,309