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Pangaea Logistics reported Q3 revenue of $219.1 million and adjusted EBITDA of $52.4 million, with record quarterly profitability supported by higher charter rates and seasonal Arctic activity. Time charter equivalent rates rose 31% year over year, while shipping days increased 8%; the company also reported 5,040 shipping days booked for Q4 at an average rate of $21,423 per day.
Higher dry-bulk charter rates and shipping activity may signal stronger demand for freight capacity, potentially increasing transport costs for grain and other bulk commodities. The report does not establish a specific change in agricultural supply or prices.
fool.comMotley Fool TranscribingNov 6, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
