# What Pangaea Logistics Solutions (PANL) Said on Its Q3 Earnings Call

> 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.

- Date: 2026-11-09 · published 2026-11-09T03:09:12.166Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/88525-what-pangaea-logistics-solutions-panl-said-on-its-q3-earnings-call
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- transcriptdaily.com: https://transcriptdaily.com/2026/11/09/what-pangaea-logistics-solutions-panl-said-on-its-q3-earnings-call.html

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