NEWPORT, R.I., Dec. 18, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, today announced the appointment of Eugene I. Davis to the Company's Board of Directors (the "Board") as a Class II director, effective immediately. Mr. Davis will replace Christina Tan, who has resigned from her position effective immediately prior to the appointment of Mr. Davis.  The Board has determined that Mr. Davis ...

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) is one of the Best Micro-Cap Stocks to Invest in According to Analysts. Pangaea Logistics Solutions (PANL): Third Quarter Earnings Beat Expectations In earnings for the third quarter of 2025, Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) posted earnings per share of $0.17, beating estimates by $0.14. The revenue over the period was in excess of $168 million, up 10.2% year-on-year and beating expectations by $9.35 million. The company also announced a quar ...

Core Insights - Pangaea Logistics Solutions Ltd. has appointed Paul M. Leand, Jr. to its Board of Directors as a Class III director, effective immediately [1][3] - Mr. Leand brings over two decades of experience in the maritime shipping industry and is currently the Managing Director and CEO of AMA Capital Partners [2][3] - The appointment is part of a Cooperation Agreement with Strategic Shipping Inc., which includes customary terms such as standstill restrictions and voting commitments [3] Company Overview - Pangaea Logistics Solutions Ltd. provides seaborne dry bulk logistics and transportation services, including terminal and stevedoring services [4] - The company serves a diverse range of industrial customers requiring transportation of various dry bulk cargoes, such as grains, coal, iron ore, and cement clinker [4] - Pangaea's logistics services encompass cargo loading, discharge, port operations, vessel chartering, voyage planning, and technical management [4]

Core Viewpoint - Pangaea Logistics Solutions Ltd. announces the retirement of CEO Mark Filanowski and the appointment of Mads Petersen as the new CEO effective January 1, 2026, following a successful eleven-year tenure by Filanowski [1][3]. Company Leadership Transition - Mark Filanowski will retire as CEO and step down from the Board of Directors on January 1, 2026, after eleven years with Pangaea [1]. - Mads Petersen, currently the Chief Operating Officer, will succeed Filanowski as President and CEO and will also join the Board of Directors on the same date [1][2]. Mads Petersen's Background - Mads Petersen has been with Pangaea for 16 years and has over 20 years of experience in the dry bulk shipping industry [2]. - He joined Pangaea in 2009 and has played a key role in the company's growth, particularly in ice-class vessel activities and overseeing newbuilding activities in Japan and China [2]. Achievements Under Filanowski - Under Filanowski's leadership, Pangaea's owned vessel fleet has tripled, and the company has expanded its port and logistics operations to 10 marine terminals across the U.S. Gulf Coast and Mid-Atlantic regions [3]. - Filanowski has been credited with navigating a dynamic global shipping environment and sustaining Pangaea's growth following the passing of its founder, Ed Coll [3]. Future Outlook - Petersen expressed his commitment to building on Pangaea's proven business model and delivering innovative, customer-focused maritime solutions to drive long-term value for shareholders [3]. - The Board of Directors believes Petersen's deep industry expertise and operational insight position him well to lead the company into its next phase of growth [3].