XML 62 R53.htm IDEA: XBRL DOCUMENT
v3.24.4

Fixed Assets - Net Carrying Value (Details) - USD ($) |  | 12 Months Ended
--- | --- | ---
Jan. 27, 2022 | Dec. 31, 2023 | Dec. 31, 2022
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | $ 594,561,493 | $ 580,517,259
Owned vessels, net |  | 470,083,516 | 473,864,407
Property, Plant and Equipment, Other, Net |  | 4,181,655 | 2,660,345
Vessels under finance lease |  | 30,393,823 | 43,921,569
Finance lease right of use assets, at cost, net of accumulated depreciation of $10,393,823 and $12,139,654 at December 31, 2023 and 2022, respectively |  |  | 43,921,569
Property, Plant and Equipment, Net |  | 474,265,171 | 476,524,752
Purchase of vessels |  | 27,264,044 | 35,740,482
m/v BULK SACHUEST |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 16,487,253 | 17,188,278
m/v NORDIC ODYSSEY (1) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 18,949,524 | 20,685,092
m/v NORDIC ORION (1) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 19,789,942 | 21,406,429
m/v NORDIC OSHIMA (1) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 22,938,264 | 24,292,108
m/v NORDIC OLYMPIC (1) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 23,306,330 | 24,726,033
m/v NORDIC ODIN (1) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 23,411,836 | 24,627,857
m/v NORDIC OASIS (1) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 24,853,935 | 26,232,723
m/v BULK ENDURANCE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 21,859,034 | 23,106,438
m/v BULK NEWPORT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 0 | 10,211,578
m/v BULK FREEDOM |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 8,150,075 | 7,464,118
m/v BULK PRIDE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 11,194,335 | 12,174,942
m/v BULK SPIRIT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 12,970,111 | 11,703,170
m/v BULK INDEPENDENCE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 13,752,517 | 14,879,681
m/v BULK FRIENDSHIP (4) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 12,810,712 | 13,680,578
mv BULK FRIENDSHIP |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 16,434,083 |
Property, Plant and Equipment, Net |  |  | 17,106,444
MISS NORA G. PEARL (3) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 1,821,235 | 2,268,086
m/v BULK XAYMACA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels under finance lease |  | 11,623,719 |
Finance lease right of use assets, at cost, net of accumulated depreciation of $10,393,823 and $12,139,654 at December 31, 2023 and 2022, respectively |  |  | 13,082,596
m/v BULK DESTINY |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels under finance lease |  | 18,770,104 |
Finance lease right of use assets, at cost, net of accumulated depreciation of $10,393,823 and $12,139,654 at December 31, 2023 and 2022, respectively |  |  | 19,814,777
m/v BULK TRIDENT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels under finance lease |  | 0 |
Finance lease right of use assets, at cost, net of accumulated depreciation of $10,393,823 and $12,139,654 at December 31, 2023 and 2022, respectively |  |  | 11,024,196
Other Capitalized Property Plant and Equipment |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 36,088,312 | 37,518,857
mv BULK CONCORD |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Purchase of vessels | $ 19,900,000 |  |
mv NORDIC QINNGUA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 36,018,502 | 37,428,322
mv NORDIC SANNGIJUQ |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 35,623,004 | 37,000,230
mv NORDIC SIKU |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 36,009,984 | 37,393,171
mv BULK COURAGEOUS |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 15,145,246 | 15,755,839
mv BULK PROMISE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 16,970,026 | 17,619,467
Other Fixed Assets |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Property, Plant and Equipment, Other, Net |  | 4,181,655 | 2,660,345
mv BULK Concord |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | 18,965,726 | 19,394,966
Bulk Prudence |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Owned vessels |  | $ 26,533,530 | $ 0

X
- Definition Capital lease assets net of depreciation + References No definition available. + Details
Name: | panl_Capitalleaseassetnet
Namespace Prefix: | panl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash outflow for purchase of vessels. + References No definition available. + Details
Name: | panl_PaymentForPurchaseOfVessels
Namespace Prefix: | panl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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 depreciation, depletion and amortization of vessels and capitalized improvements. + References No definition available. + Details
Name: | panl_VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1 + 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_MvBULKSACHUESTMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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_MvBulkEnduranceMember
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_MvBULKSPIRITMember
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_MvBULKVALORMember
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: |

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

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

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

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