Pangaea Logistics reports $27.5M profit in Q2

PANGAEA LOGISTICS Solutions Ltd. of Newport posted a profit of $27.5 million in the second quarter of 2022, an increase from $19.6 million one year prior.
NEWPORT – Pangaea Logistics Solutions Ltd. earned a profit of $27.5 million in the second quarter of 2022, an increase from $19.6 million in the same period a year earlier, according to the company's public filings. Pangaea, which provides logistics services to industrial customers that require the transportation of dry bulk cargoes, said that earnings…

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