THIRD QUARTER 2021 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36798 PANGAEA LOGISTICS SOLUTIONS LTD. (Exact name of Registrant as specified in its charter) (State or other jurisdiction ...

SECOND QUARTER 2021 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expr ...

Financial Data and Key Metrics Changes - The second quarter results were record-breaking, with average net TCE earning $21,053, an increase of almost 100% compared to the second quarter of 2020 [9] - Net income for the quarter was $19.2 million or $0.44 per share, compared to net income of $3 million or $0.07 per share for the same period in 2020 [21] - Voyage revenues increased approximately 76% and charter revenues increased approximately 695% [17] Business Line Data and Key Metrics Changes - The company took delivery of two new ice class vessels and three secondhand vessels, expanding its fleet to 24 owned vessels [12] - Charter expenses paid to third-party shipowners increased to $62.6 million from $15.2 million, a 312% increase due to rising market rates [19] Market Data and Key Metrics Changes - The dry bulk market saw freight rates rise to levels not seen in over a decade, benefiting the company's operations [8] - As of August 9, the company performed 2,530 shipping days at an average TCE rate of approximately $27,000 a day [14] Company Strategy and Development Direction - The company is focused on capitalizing on an improving dry bulk market and generating shareholder value through strategic vessel acquisitions [13] - The management emphasized the importance of maintaining a client-focused business model to ensure profitability in volatile markets [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fundamentals in the dry bulk market, citing historically low order books and stable demand outlook [13] - The company plans to remain opportunistic in acquiring new vessels and developing new business that complements its platform [14] Other Important Information - The company reinstated its dividend at $0.035, which has been maintained this quarter [13] - Unrealized gains on derivative instruments were $6.3 million for the second quarter of 2021 compared to $1.4 million for the same period in 2020 [20] Q&A Session Summary Question: Thoughts on divesting older assets due to high asset prices? - Management indicated that while older ships could be sold for a premium, the trading value is more beneficial, and the current market for secondhand vessels is challenging [28][30] Question: Strategy on balancing time charters and spot in a rising rate environment? - Management stated that they view the current market as an opportunity to build their business, including terminals and logistics, while remaining opportunistic with owned ships [31][32]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36798 PANGAEA LOGISTICS SOLUTIONS LTD. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of in ...

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q1 2021 Earnings Conference Call May 12, 2021 8:30 AM ET Company Participants Sean Silva - Vice President, Prosek Partners Ed Coll - Chairman & Chief Executive Officer Gianni Del Signore - Chief Financial Officer Conference Call Participants Poe Fratt - Noble Capital Market Operator Good morning. My name is Chrystelle and I will be your conference operator today. At this time, I would like to welcome everyone to the Pangaea Logistics Solutions First Quarter 20 ...

FIRST QUARTER 2021 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36798 PANGAEA LOGISTICS SOLUTIONS LTD. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q4 2020 Earnings Conference Call March 16, 2021 8:00 AM ET Company Participants Tiya Gulanikar – IR, Prosek Partners Ed Coll – Chairman and CEO Gianni Del Signore – CFO Conference Call Participants Poe Fratt – Noble Capital Market Operator Good morning. My name is Maria and I will be your conference operator today. At this time, I would like to welcome everyone to the Pangaea Logistics Solutions Fourth Quarter and Full Year 2020 Earnings Teleconference. Our ho ...

FOURTH QUARTER 2020 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expr ...