Pangaea Logistics Solutions reports $24M profit in 2018

PANGAEA LOGISTICS SOLUTIONS reported a profit of $24 million in 2018. / COURTESY PANGAEA LOGISTICS SOLUTIONS LTD.
PANGAEA LOGISTICS SOLUTIONS reported a profit of $24 million in 2018. / COURTESY PANGAEA LOGISTICS SOLUTIONS LTD.
NEWPORT – Pangaea Logistics Solutions Ltd. reported an income of $24 million in 2018, an increase from $9.1 million one year prior in a Securities and Exchange Commission filing last week. Earnings per diluted share in 2018 were 42 cents, compared with 20 cents one year prior. The shipping and logistics company reported a revenue…

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