# Pangaea Q3 2026 Earnings: Higher TCE Rates Lift Adjusted EBITDA 81%

> Pangaea Logistics Solutions reported third-quarter revenue of $219.1 million, up 29.9% year over year, and adjusted EBITDA of $52.4 million, up 81.3%. Stronger dry-bulk markets and seasonal Arctic activity lifted average time-charter-equivalent rates by 31%.

- Date: 2026-11-05 · published 2026-11-06T15:09:47.443Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/84134-pangaea-q3-2026-earnings-higher-tce-rates-lift-adjusted-ebitda-81
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry-bulk freight rates may increase the cost of shipping feed grains and ingredients, adding upward pressure to delivered prices. The article reports company performance rather than grain-specific freight flows, so the implication is indirect.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradingkey.com: https://www.tradingkey.com/news/earnings/262285183-

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.