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Unaudited Quarterly Data (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 131,900,000 $ 135,600,000 $ 118,100,000 $ 113,700,000 $ 127,900,000 $ 184,500,000 $ 195,600,000 $ 191,700,000 $ 499,267,834 $ 699,706,906
Voyage expense 57,100,000 59,100,000 54,500,000 56,800,000 54,200,000 74,700,000 67,900,000 65,300,000 227,434,670 262,088,555
Charter hire expense 33,900,000 25,500,000 29,100,000 22,600,000 28,200,000 50,800,000 65,700,000 77,700,000 111,033,537 222,332,197
Vessel operating expenses 14,700,000 14,300,000 13,200,000 13,600,000 15,400,000 15,400,000 12,900,000 13,200,000 55,783,562 56,859,340
Terminal & stevedore expenses 1,900,000 3,500,000 400,000 0 0 0 0 0 5,809,025 0
General and administrative 5,700,000 5,500,000 5,900,000 5,700,000 3,900,000 5,800,000 5,100,000 5,300,000 22,780,937 20,103,346
Depreciation and amortization 7,500,000 8,100,000 7,100,000 7,300,000 7,500,000 7,400,000 7,300,000 7,300,000 30,070,395 29,489,810
Loss on impairment of vessels 0 0 0 0 0 0 0 3,000,000.0 0 3,007,809
Loss on sales of vessels 600,000 0 0 1,200,000 0 0 300,000 0 1,738,511 318,032
Total operating expenses 121,300,000 115,900,000 110,200,000 107,200,000 109,200,000 154,100,000 159,200,000 171,800,000 454,650,637 594,199,089
Income from operations 10,600,000 19,700,000 7,900,000 6,500,000 18,700,000 30,400,000 36,400,000 19,900,000 44,617,197 105,507,817
Interest expense (4,300,000) (4,300,000) (4,100,000) (4,300,000) (4,300,000) (4,400,000) (3,700,000) (3,400,000) (17,025,547) (15,704,233)
Interest income 700,000 800,000 1,000,000.0 1,000,000.0 600,000 300,000 0 0 3,572,134 932,069
Unrealized (loss) gain on derivative instruments (5,700,000) 4,500,000 (1,300,000) (400,000) 1,200,000 (4,500,000) (3,500,000) 7,500,000 (2,925,347) 682,323
Other income 300,000 (200,000) 200,000 400,000 300,000 300,000 100,000 100,000 761,485 807,142
Total other expense, net (8,400,000) 500,000 (5,100,000) (3,100,000) (2,900,000) (10,700,000) (8,700,000) 2,400,000 (16,079,425) (20,000,113)
Net income 2,200,000 20,200,000 2,800,000 3,400,000 15,800,000 19,600,000 27,700,000 22,300,000 28,537,772 85,507,704
Income attributable to noncontrolling interests (1,000,000.0) (1,300,000) 100,000 100,000 (300,000) (1,000,000.0) (2,500,000) (2,300,000) (2,214,472) (6,016,291)
Net income attributable to Pangaea Logistics Solutions Ltd. $ 1,100,000 $ 18,900,000 $ 2,800,000 $ 3,500,000 $ 15,500,000 $ 18,700,000 $ 25,200,000 $ 20,000,000.0 $ 26,323,300 $ 79,491,413
Earnings per common share:                    
Basic (in dollars per share) $ 0.03 $ 0.42 $ 0.06 $ 0.08 $ 0.35 $ 0.42 $ 0.56 $ 0.45 $ 0.59 $ 1.79
Diluted (in dollars per share) $ 0.03 $ 0.42 $ 0.06 $ 0.08 $ 0.34 $ 0.42 $ 0.56 $ 0.45 $ 0.58 $ 1.76
Weighted average shares used to compute earnings per common share                    
Basic (in shares) 44,815,282 44,775,438 44,775,438 44,712,290 44,435,664 44,415,575 44,430,487 44,388,960 44,773,899 44,398,987
Diluted (in shares) 45,392,225 45,081,668 45,127,972 45,116,719 44,985,969 44,640,278 45,070,533 45,192,983 45,475,453 45,059,587
Related Party                    
Income attributable to Non-controlling interest recorded as long-term liability interest expense $ 600,000 $ (300,000) $ (900,000) $ 100,000 $ (800,000) $ (2,400,000) $ (1,700,000) $ (1,800,000) $ (462,150) $ (6,717,414)
Voyage revenue                    
Revenues 122,300,000 127,900,000 110,500,000 108,000,000.0 117,300,000 173,200,000 173,200,000 176,300,000 468,580,914 640,033,668
Charter revenue                    
Revenues 7,100,000 3,800,000 7,100,000 5,700,000 10,600,000 11,300,000 22,400,000 15,400,000 23,715,895 59,673,238
Terminal & Stevedore Revenue                    
Revenues $ 2,500,000 $ 3,900,000 $ 500,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 6,971,025 $ 0