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Pangaea Logistics Solutions reported third-quarter 2026 adjusted EBITDA of $52.4 million, up 81% year over year, and adjusted net income of $33.6 million. Its average time-charter-equivalent rate rose 31% to $20,414 per day, while shipping days increased 8%; higher use and cost of chartered-in vessels also lifted charter expenses.
Higher dry-bulk freight rates can raise delivered costs for feed grains and meals, though this company-specific earnings report does not establish a broad freight-market move. The price implication for feed commodities is therefore unclear.
transcriptdaily.comLauren SteadmanNov 9, 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.
