2019 Q4 Form 10-K Financial Statement
#000160690921000035 Filed on March 15, 2021
Income Statement
Concept | 2019 Q4 | 2019 Q3 | 2019 Q2 |
---|---|---|---|
Revenue | $130.5M | $118.9M | $83.30M |
YoY Change | 28.07% | 24.71% | -13.97% |
Cost Of Revenue | $98.70M | $87.10M | $55.50M |
YoY Change | 31.08% | 33.59% | -19.21% |
Gross Profit | $31.80M | $31.80M | $27.70M |
YoY Change | 20.0% | 5.65% | -1.42% |
Gross Profit Margin | 24.37% | 26.75% | 33.25% |
Selling, General & Admin | $5.200M | $2.800M | $5.400M |
YoY Change | 20.93% | -24.32% | 22.73% |
% of Gross Profit | 16.35% | 8.81% | 19.49% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $5.010M | $4.650M | $4.490M |
YoY Change | 11.83% | 5.44% | 2.28% |
% of Gross Profit | 15.75% | 14.62% | 16.21% |
Operating Expenses | $131.4M | $105.9M | $76.50M |
YoY Change | 39.49% | 27.28% | -13.46% |
Operating Profit | -$900.0K | $13.00M | $6.800M |
YoY Change | -111.69% | 7.44% | -19.05% |
Interest Expense | $2.400M | $2.500M | $2.100M |
YoY Change | 4.35% | 13.64% | 0.0% |
% of Operating Profit | 19.23% | 30.88% | |
Other Income/Expense, Net | -$2.200M | -$2.600M | -$1.800M |
YoY Change | -65.63% | 52.94% | 12.5% |
Pretax Income | -$3.000M | $10.40M | $5.200M |
YoY Change | -350.0% | 0.0% | -24.64% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$4.400M | $8.300M | $4.100M |
YoY Change | 780.0% | 0.0% | -28.07% |
Net Earnings / Revenue | -3.37% | 6.98% | 4.92% |
Basic Earnings Per Share | -$0.10 | $0.19 | $0.09 |
Diluted Earnings Per Share | -$0.10 | $0.19 | $0.09 |
COMMON SHARES | |||
Basic Shares Outstanding | 42.82M shares | 42.82M shares | 42.77M shares |
Diluted Shares Outstanding | 42.82M shares | 43.35M shares | 43.29M shares |
Balance Sheet
Concept | 2019 Q4 | 2019 Q3 | 2019 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $50.60M | $34.20M | $41.20M |
YoY Change | -5.6% | -32.68% | -15.75% |
Cash & Equivalents | $50.56M | $34.17M | $41.16M |
Short-Term Investments | |||
Other Short-Term Assets | $3.125M | $4.203M | $1.660M |
YoY Change | 311.66% | 64.56% | 3.57% |
Inventory | $21.00M | $17.00M | $17.45M |
Prepaid Expenses | $4.925M | $4.443M | $3.272M |
Receivables | $28.31M | $29.22M | $16.00M |
Other Receivables | $6.500M | $12.40M | $6.600M |
Total Short-Term Assets | $128.0M | $108.4M | $93.10M |
YoY Change | 12.73% | -3.7% | -6.77% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $281.5M | $311.7M | $301.1M |
YoY Change | -0.15% | 10.29% | 4.31% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.500M | $2.500M | $2.500M |
YoY Change | -95.7% | -95.73% | -94.55% |
Total Long-Term Assets | $351.9M | $376.2M | $366.1M |
YoY Change | 3.52% | 10.22% | 9.44% |
TOTAL ASSETS | |||
Total Short-Term Assets | $128.0M | $108.4M | $93.10M |
Total Long-Term Assets | $351.9M | $376.2M | $366.1M |
Total Assets | $479.9M | $484.6M | $459.2M |
YoY Change | 5.83% | 6.77% | 5.72% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $24.17M | $22.90M | $12.90M |
YoY Change | 21.52% | -23.92% | -57.0% |
Accrued Expenses | $14.88M | $11.90M | $17.50M |
YoY Change | 100.47% | ||
Deferred Revenue | $14.38M | $14.30M | $8.814M |
YoY Change | -2.31% | ||
Short-Term Debt | $300.0K | $1.200M | $1.200M |
YoY Change | -89.66% | -67.57% | -73.33% |
Long-Term Debt Due | $22.99M | $23.74M | $14.95M |
YoY Change | 14.22% | 2.77% | -28.11% |
Total Short-Term Liabilities | $90.85M | $84.70M | $64.62M |
YoY Change | 14.94% | 15.88% | -8.52% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $83.65M | $88.56M | $102.4M |
YoY Change | -12.29% | -40.48% | -28.09% |
Other Long-Term Liabilities | $4.828M | ||
YoY Change | |||
Total Long-Term Liabilities | $88.48M | $88.56M | $102.4M |
YoY Change | -7.23% | -40.48% | -28.09% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $90.85M | $84.70M | $64.62M |
Total Long-Term Liabilities | $88.48M | $88.56M | $102.4M |
Total Liabilities | $179.3M | $173.3M | $167.0M |
YoY Change | 2.82% | -40.58% | -40.5% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $12.74M | $18.69M | $11.92M |
YoY Change | 122.0% | 194.14% | -720.07% |
Common Stock | $4.489K | $4.445K | $4.445K |
YoY Change | 2.02% | 0.91% | 0.89% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $170.2M | $175.9M | $168.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $479.9M | $484.6M | $459.2M |
YoY Change | 5.83% | 6.77% | 5.72% |
Cashflow Statement
Concept | 2019 Q4 | 2019 Q3 | 2019 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.400M | $8.300M | $4.100M |
YoY Change | 780.0% | 0.0% | -28.07% |
Depreciation, Depletion And Amortization | $5.010M | $4.650M | $4.490M |
YoY Change | 11.83% | 5.44% | 2.28% |
Cash From Operating Activities | $21.06M | $3.820M | $7.620M |
YoY Change | 63.13% | -40.41% | -57.71% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.140M | -$14.65M | -$14.25M |
YoY Change | -54.4% | 20.48% | 476.92% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $2.720M | -$30.00K | -$7.660M |
YoY Change | |||
Cash From Investing Activities | $1.590M | -$14.69M | -$21.91M |
YoY Change | -163.6% | 20.81% | 787.04% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -6.260M | 3.880M | -3.670M |
YoY Change | -17.09% | -41.03% | -178.59% |
NET CHANGE | |||
Cash From Operating Activities | 21.06M | 3.820M | 7.620M |
Cash From Investing Activities | 1.590M | -14.69M | -21.91M |
Cash From Financing Activities | -6.260M | 3.880M | -3.670M |
Net Change In Cash | 16.39M | -6.990M | -17.96M |
YoY Change | 473.08% | -942.17% | -188.82% |
FREE CASH FLOW | |||
Cash From Operating Activities | $21.06M | $3.820M | $7.620M |
Capital Expenditures | -$1.140M | -$14.65M | -$14.25M |
Free Cash Flow | $22.20M | $18.47M | $21.87M |
YoY Change | 44.06% | -0.54% | 6.73% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2020 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001606909 | |
CY2020 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2020 | |
CY2020 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2020 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2020 | dei |
Trading Symbol
TradingSymbol
|
PANL | |
CY2020 | dei |
Document Type
DocumentType
|
10-K | |
CY2020 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2020 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2020-12-31 | |
CY2020 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2020 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2020 | dei |
Entity File Number
EntityFileNumber
|
001-36798 | |
CY2020 | dei |
Entity Registrant Name
EntityRegistrantName
|
PANGAEA LOGISTICS SOLUTIONS, LTD. | |
CY2020 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
D0 | |
CY2020 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
98-1205464 | |
CY2020 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
109 Long Wharf | |
CY2020 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Newport | |
CY2020 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
RI | |
CY2020 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
02840 | |
CY2020 | dei |
City Area Code
CityAreaCode
|
401 | |
CY2020 | dei |
Local Phone Number
LocalPhoneNumber
|
846-7790 | |
CY2020 | dei |
Security12b Title
Security12bTitle
|
Common Shares, $0.0001 par value | |
CY2020 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
CY2020 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2020 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2020 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2020 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2020 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2020 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2020 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2020 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2020Q2 | dei |
Entity Public Float
EntityPublicFloat
|
20400000 | USD |
CY2021Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
45618206 | shares |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
46897216 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
50555091 | USD |
CY2020Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1500000 | USD |
CY2019Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1000000 | USD |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1896038 | USD |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1908841 | USD |
CY2020Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
29152153 | USD |
CY2019Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
28309402 | USD |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
15966247 | USD |
CY2019Q4 | us-gaap |
Inventory Net
InventoryNet
|
21001010 | USD |
CY2020Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
19515945 | USD |
CY2019Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
18770825 | USD |
CY2020Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
0 | USD |
CY2019Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
8319152 | USD |
CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
113031561 | USD |
CY2019Q4 | us-gaap |
Assets Current
AssetsCurrent
|
127955480 | USD |
CY2020Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
0 | USD |
CY2019Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1500000 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
276741751 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
281474857 | USD |
CY2020Q4 | panl |
Investment In Newbuildings In Process
InvestmentInNewbuildingsInProcess
|
15390635 | USD |
CY2019Q4 | panl |
Investment In Newbuildings In Process
InvestmentInNewbuildingsInProcess
|
15357189 | USD |
CY2020Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
45240198 | USD |
CY2019Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
53615305 | USD |
CY2020Q4 | us-gaap |
Assets
Assets
|
450404145 | USD |
CY2019Q4 | us-gaap |
Assets
Assets
|
479902831 | USD |
CY2020Q4 | panl |
Accounts Payable Accrued Expenses And Other Current Liabilities
AccountsPayableAccruedExpensesAndOtherCurrentLiabilities
|
32400288 | USD |
CY2019Q4 | panl |
Accounts Payable Accrued Expenses And Other Current Liabilities
AccountsPayableAccruedExpensesAndOtherCurrentLiabilities
|
39973635 | USD |
CY2020Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
242852 | USD |
CY2019Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
332987 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
12799561 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
14376394 | USD |
CY2020Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
57382674 | USD |
CY2019Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
22990674 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
6978192 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
12549208 | USD |
CY2020Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
1005763 | USD |
CY2019Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
631961 | USD |
CY2020Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
110809330 | USD |
CY2019Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
90854859 | USD |
CY2020Q4 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
44507708 | USD |
CY2019Q4 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
83649717 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
50520294 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
57498217 | USD |
CY2020Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
10135408 | USD |
CY2019Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4828364 | USD |
CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
45447751 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
45447751 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
44886122 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
44886122 | shares |
CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
4545 | USD |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
4489 | USD |
CY2020Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
159581415 | USD |
CY2019Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
157504895 | USD |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
23179805 | USD |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
12736580 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
182765765 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
170245964 | USD |
CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
51665640 | USD |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
72825710 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
234431405 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
243071674 | USD |
CY2020Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
450404145 | USD |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
479902831 | USD |
CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
382895991 | USD |
CY2019 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
412197819 | USD |
CY2020 | panl |
Voyage Expense
VoyageExpense
|
161881133 | USD |
CY2019 | panl |
Voyage Expense
VoyageExpense
|
165478629 | USD |
CY2020 | panl |
Charter Hire Expense
CharterHireExpense
|
127769042 | USD |
CY2019 | panl |
Charter Hire Expense
CharterHireExpense
|
132950418 | USD |
CY2020 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
38047308 | USD |
CY2019 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
45266464 | USD |
CY2020 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
15915035 | USD |
CY2019 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17378681 | USD |
CY2020 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
17055271 | USD |
CY2019 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
18529476 | USD |
CY2020 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
1801039 | USD |
CY2019 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
4751143 | USD |
CY2020 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-730065 | USD |
CY2019 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-4584796 | USD |
CY2020 | us-gaap |
Operating Expenses
OperatingExpenses
|
363198893 | USD |
CY2019 | us-gaap |
Operating Expenses
OperatingExpenses
|
388939607 | USD |
CY2020 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
19697098 | USD |
CY2019 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
23258212 | USD |
CY2020 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
7831314 | USD |
CY2019 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
9227784 | USD |
CY2020 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2019 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
50241 | USD |
CY2020 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-156019 | USD |
CY2019 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2753834 | USD |
CY2020 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
982345 | USD |
CY2019 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
314847 | USD |
CY2020 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-7004988 | USD |
CY2019 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6209344 | USD |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
12692110 | USD |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
17048868 | USD |
CY2020 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1339930 | USD |
CY2019 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
5390910 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11352180 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11657958 | USD |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43417879 | shares |
CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42752413 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43817348 | shares |
CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43267178 | shares |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
233366997 | USD |
CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1737315 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-178783 | USD |
CY2019 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
422519 | USD |
CY2019 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
4666665 | USD |
CY2019 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
4658577 | USD |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
17048868 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
243071674 | USD |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2314940 | USD |
CY2019 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2425497 | USD |
CY2020 | panl |
Noncontrolling Interest Decrease From Business Combination
NoncontrollingInterestDecreaseFromBusinessCombination
|
22500000 | USD |
CY2020 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-238364 | USD |
CY2020 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
908955 | USD |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
12692110 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
234431405 | USD |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
12692110 | USD |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
17048868 | USD |
CY2020 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
17055271 | USD |
CY2019 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18529476 | USD |
CY2020 | panl |
Amortization Of Deferred Financing Costs And Bank Fees
AmortizationOfDeferredFinancingCostsAndBankFees
|
662440 | USD |
CY2019 | panl |
Amortization Of Deferred Financing Costs And Bank Fees
AmortizationOfDeferredFinancingCostsAndBankFees
|
727020 | USD |
CY2020 | panl |
Amortizationofprepaidrent
Amortizationofprepaidrent
|
122272 | USD |
CY2019 | panl |
Amortizationofprepaidrent
Amortizationofprepaidrent
|
118597 | USD |
CY2020 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-156019 | USD |
CY2019 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2753834 | USD |
CY2020 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1083142 | USD |
CY2019 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
156137 | USD |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-338022 | USD |
CY2019 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
6247268 | USD |
CY2020 | panl |
Earnings Attributable To Noncontrolling Interest Recorded As Interest Expense
EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense
|
177802 | USD |
CY2019 | panl |
Earnings Attributable To Noncontrolling Interest Recorded As Interest Expense
EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense
|
44950 | USD |
CY2020 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
152416 | USD |
CY2019 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
898357 | USD |
CY2020 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
1801039 | USD |
CY2019 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
4751143 | USD |
CY2020 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-730065 | USD |
CY2019 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-4584796 | USD |
CY2020 | panl |
Payment For Drydocking Costs
PaymentForDrydockingCosts
|
5858960 | USD |
CY2019 | panl |
Payment For Drydocking Costs
PaymentForDrydockingCosts
|
1633771 | USD |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2314940 | USD |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1737315 | USD |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
995167 | USD |
CY2019 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
725972 | USD |
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-5034763 | USD |
CY2020 | panl |
Increase Decrease In Account Payable Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities
|
-10887555 | USD |
CY2019 | panl |
Increase Decrease In Account Payable Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities
|
10301367 | USD |
CY2020 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1576833 | USD |
CY2019 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-340678 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
20835502 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
44458732 | USD |
CY2020 | panl |
Payment For Purchase Of Vessels
PaymentForPurchaseOfVessels
|
2892776 | USD |
CY2019 | panl |
Payment For Purchase Of Vessels
PaymentForPurchaseOfVessels
|
41350536 | USD |
CY2020 | panl |
Proceedsfrom Saleof Vessel
ProceedsfromSaleofVessel
|
11666507 | USD |
CY2019 | panl |
Proceedsfrom Saleof Vessel
ProceedsfromSaleofVessel
|
10388723 | USD |
CY2020 | panl |
Payments To Acquire Non Controlling Interest
PaymentsToAcquireNonControllingInterest
|
15000000 | USD |
CY2019 | panl |
Payments To Acquire Non Controlling Interest
PaymentsToAcquireNonControllingInterest
|
0 | USD |
CY2020 | panl |
Paymentsfor Investment In Newbuildings In Process
PaymentsforInvestmentInNewbuildingsInProcess
|
33446 | USD |
CY2019 | panl |
Paymentsfor Investment In Newbuildings In Process
PaymentsforInvestmentInNewbuildingsInProcess
|
15357189 | USD |
CY2020 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
0 | USD |
CY2019 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
283244 | USD |
CY2020 | us-gaap |
Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
|
628000 | USD |
CY2019 | us-gaap |
Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
|
0 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6887715 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-46602246 | USD |
CY2020 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | USD |
CY2019 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
2595000 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
18000000 | USD |
CY2019 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
14000000 | USD |
CY2020 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
421775 | USD |
CY2019 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
2960899 | USD |
CY2020 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
22990674 | USD |
CY2019 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
20627742 | USD |
CY2020 | panl |
Proceeds From Finance Lease
ProceedsFromFinanceLease
|
0 | USD |
CY2019 | panl |
Proceeds From Finance Lease
ProceedsFromFinanceLease
|
25600000 | USD |
CY2020 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
12548938 | USD |
CY2019 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
6602265 | USD |
CY2020 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
0 | USD |
CY2019 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
4666665 | USD |
CY2020 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
535153 | USD |
CY2019 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
8090213 | USD |
CY2020 | us-gaap |
Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
-238364 | USD |
CY2019 | us-gaap |
Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
-179279 | USD |
CY2020 | panl |
Proceedsfrom Noncontrolling Interests Recorded As Long Term Liability
ProceedsfromNoncontrollingInterestsRecordedAsLongTermLiability
|
0 | USD |
CY2019 | panl |
Proceedsfrom Noncontrolling Interests Recorded As Long Term Liability
ProceedsfromNoncontrollingInterestsRecordedAsLongTermLiability
|
4783414 | USD |
CY2020 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
322750 | USD |
CY2019 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
422519 | USD |
CY2020 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
193508 | USD |
CY2019 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
0 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-18605662 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-916130 | USD |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-4657875 | USD |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3059644 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
53055091 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
56114735 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48397216 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
53055091 | USD |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7149210 | USD |
CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
9250743 | USD |
CY2020 | panl |
Business Combination Deferred Consideration Transferred Non Controlling Interest
BusinessCombinationDeferredConsiderationTransferredNonControllingInterest
|
7500000 | USD |
CY2019 | panl |
Business Combination Deferred Consideration Transferred Non Controlling Interest
BusinessCombinationDeferredConsiderationTransferredNonControllingInterest
|
0 | USD |
CY2020Q4 | panl |
Number Of Dry Bulk Vessels Financed Under Finance Leases
NumberOfDryBulkVesselsFinancedUnderFinanceLeases
|
4 | vessel |
CY2020Q1 | panl |
Numberof Vessels Sold
NumberofVesselsSold
|
2 | vessel |
CY2020Q2 | panl |
Numberof Vessels Sold
NumberofVesselsSold
|
1 | vessel |
CY2020 | us-gaap |
Nature Of Operations
NatureOfOperations
|
NATURE OF ORGANIZATION<div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include the operations of Pangaea Logistics Solutions Ltd. and its wholly-owned subsidiaries (collectively referred to as “the Company”), as well as other entities consolidated pursuant to Accounting Standards Codification (“ASC”) 810, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Consolidation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. A summary of the Company’s consolidation policy is provided in Note 3. A summary of the Company’s variable interest entities is provided at Note 4. At December 31, 2020 and 2019, entities that are consolidated pursuant to ASC 810-10 include the following wholly-owned subsidiaries:</span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Partners (Bermuda) Ltd. (“Bulk Partners”) – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is a holding company.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Phoenix Bulk Carriers (BVI) Limited (“PBC”) – a corporation that was duly organized under the laws of the British Virgin Islands. The primary purpose of this corporation is to provide logistics services to its customers, and to manage and operate ocean-going vessels.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Phoenix Bulk Management Bermuda Limited (“PBM”) – a corporation that was duly organized under the laws of Bermuda. Certain of the administrative management functions of PBC have been assigned to PBM.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Americas Bulk Transport (BVI) Limited – a corporation that was duly organized under the laws of the British Virgin Islands. The primary purpose of this corporation is to charter ships.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Ocean Shipping (Bermuda) Ltd. – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is to manage the fuel procurement of the chartered vessels.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Phoenix Bulk Carriers (US) LLC – a corporation that duly organized under the laws of Delaware. The primary purpose of this corporation is to act as the U.S. administrative agent for the Company.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Allseas Logistics Bermuda Ltd. – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is the Treasury Agent for the group of Companies.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Narragansett Bulk Carriers (US) Corp. - a corporation organized in July 2012 under the laws of Rhode Island. The primary purpose of this corporation is to manage and operate ocean-going vessels.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Pangaea Limited (“Bulk Pangaea”) – a corporation that was duly organized under the laws of Bermuda. Bulk Pangaea was established in September 2009 for the purpose of acquiring the m/v Bulk Pangaea.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Patriot Ltd. (“Bulk Patriot”) – a corporation that was duly organized under the laws of Bermuda. Bulk Patriot was established in September 2011 for the purpose of acquiring the m/v Bulk Patriot.</span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Juliana Ltd. (“Bulk Juliana”) – a corporation that was duly organized under the laws of Bermuda. Bulk Juliana was established in March 2012 for the purpose of acquiring the m/v Bulk Juliana.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Trident Ltd. (“Bulk Trident”) – a corporation that was duly organized under the laws of Bermuda. Bulk Trident was established in August 2012 for the purpose of acquiring the m/v Bulk Trident.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Phoenix Ltd. (“Bulk Phoenix”) – a corporation that was duly organized under the laws of Bermuda. Bulk Phoenix was established in July 2013 for the purpose of acquiring the m/v Bulk Newport.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Barents Ltd. (“Bulk Barents”) – a corporation that was duly organized under the laws of Bermuda. Bulk Barents was established in November 2013 for the purpose of acquiring the m/v Nordic Barents.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Bothnia Ltd. (“Bulk Bothnia”) – a corporation that was duly organized under the laws of Bermuda. Bulk Bothnia was established in November 2013 for the purpose of acquiring the m/v Nordic Bothnia.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">109 Long Wharf LLC (“Long Wharf”) – a limited liability company that was duly organized under the laws of Delaware for the objective and purpose of holding real estate located in Newport, Rhode Island.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Ventures (Cyprus) Limited (“NBV”) – a corporation that was duly organized in April 2009 under the laws of Cyprus. NBV is the holding company of Nordic Bulk Carriers AS (“NBC”). NBC specializes in ice trading, as well as the carriage of a wide range of commodities, including cement clinker, steel scrap, fertilizers, and grains. </span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Carriers Singapore Pte. Ltd. ("NBS") - a corporation that was duly organized in March 2014 under the laws of Singapore. NBS focuses on chartering and operating bulk carriers trading in a wide range of commodities; and is a wholly-owned subsidiary of NBC.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Ventures Holding Company Ltd. (“BVH”) – a corporation that was duly organized under the laws of Bermuda. BVH was established in August 2013 for the purpose of owning Bulk Nordic Five Ltd. (“Five”) and Bulk Nordic Six Ltd. (“Six”). Five and Six are corporations that were duly organized under the laws of Bermuda in November 2013 for the purpose of owning m/v Bulk Destiny and m/v Bulk Endurance, ultramax newbuildings delivered in January 2017. The Company acquired its joint venture partner's 50% interest in January 2017 for $0.8 million after which BVH is a wholly-owned subsidiary of the Company.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Freedom Corp. (“Bulk Freedom”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Freedom was established in May 2017 for the purpose of acquiring the m/v Bulk Freedom.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Pride Corp. (“Bulk Pride”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Pride was established in October 2017 for the purpose of acquiring the m/v Bulk Pride.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Flintstone Ventures Limited ("FVL") - a corporation that was duly organized under the laws of the Province of Nova Scotia on March 17, 2017. FVL focuses on the carriage of specialized cargo.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk PODS Ltd. (“Bulk PODS”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk PODS was established in April 2018 for the purpose of acquiring the m/v Bulk PODS.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Spirit Ltd. (“Bulk Spirit”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Spirit was established in October 2018 for the purpose of acquiring the m/v Bulk Spirit.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Independence Ltd. (“Bulk Independence”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Independence was established in May 2019 for the purpose of acquiring the m/v Bulk Independence.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Friendship Ltd. (“Bulk Friendship”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Friendship was established in September 2019 for the purpose of acquiring the m/v Bulk Friendship.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Seven LLC. (“Bulk Seven”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Seven was established in April 2019 for the purpose of entering into new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Eight LLC. (“Bulk Eight”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Eight was established in April 2019 for the purpose of entering into a new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Nine LLC. (“Bulk Nine”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Nine was established in August 2019 for the purpose of entering into a new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Ten LLC. (“Bulk Ten”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Nine was established in August 2019 for the purpose of entering into a new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2020 and 2019, entities that are consolidated pursuant to ASC 810-10, but which are not wholly-owned, include the following: </span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Holding Company Ltd. (“NBHC”) - a corporation that was duly organized under the laws of Bermuda. NBHC was established in October 2012, for the purpose of owning Bulk Nordic Odyssey Ltd. (“Bulk Odyssey”) and Bulk Nordic Orion Ltd. (“Bulk Orion”) and to invest in additional vessels through its wholly-owned subsidiaries. On September 28, 2020, the Company acquired an additional one-third equity interest in its partially-owned consolidated subsidiary Nordic Bulk Holding Company Ltd. (“NBHC”) from one of NBHC’s shareholders. The Company owns two-thirds equity interest of NBHC after the acquisition and the remainder one-third equity interest is owned by a third-party at December 31, 2020. The Company determined that NBHC is a VIE and that it is the primary beneficiary of NBHC, as it has the power to direct its activities through time charter arrangements with NBC covering all of its owned vessels. Accordingly, the Company has consolidated NBHC for the years ended December 31, 2020 and 2019. Bulk Odyssey, Bulk Orion, Bulk Nordic Oshima Ltd. (“Bulk Oshima”), Bulk Nordic Olympic Ltd. (“Bulk Olympic”), Bulk Nordic Odin Ltd. (“Bulk Odin”) and Bulk Nordic Oasis Ltd. (“Bulk Oasis”), corporations duly organized under the laws of Bermuda between March 2012 and February 2015, are owned by NBHC. These entities were established for the purpose of owning m/v Nordic Odyssey, m/v Nordic Orion, m/v Nordic Oshima, m/v Nordic Olympic, m/v Nordic Odin and m/v Nordic Oasis, respectively. On December 23, 2020 NBHC formed two new wholly owned subsidiaries, Bulk Nordic Odyssey (MI) Corp., and Bulk Nordic Orion (MI) Corp. for the purpose of transferring ownership of the m/v Nordic Odyssey and m/v Nordic Orion to these companies respectively.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Venture Logistics NL Inc. ("VLNL") - a corporation that was duly organized in the St. John’s, Canada on October 19, 2018. VLNL was established for the purpose of owning and operating a deck barge.</span></div>•Nordic Bulk Partners LLC. (“NBP”) – a corporation that was duly organized under the laws of the Marshall Island. NBP was established in September 2019 for the purpose of providing funding to Bulk Seven, Bulk Eight, Bulk Nine, and Bulk Ten for the construction of four newbuilding vessels and subsequently at completion and delivery of the newbuilding vessels owning Bulk Seven, Bulk Eight, Bulk Nine, and Bulk Ten. Bulk Seven, Bulk Eight, Bulk Nine and Bulk Ten are corporations that were duly organized under the laws of the Marshall Islands in September 2019 for the purpose of constructing and owning Post-Panamax newbuilding vessels expected to be delivered in 2021. At December 31, 2020 the Company had a 75% ownership interest in NBP, the remainder of which is owned by a third-party. At delivery of the newbuilding vessels NBP will ultimately be owned 50% by Pangaea and 50% by a third-party. | |
CY2020 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the percentage completion of spot voyages, the establishment of the allowance for doubtful accounts and the estimate of salvage value used in determining vessel depreciation expense.</span></div> | |
CY2020 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Concentrations of Credit Risk</span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash equivalents, trade receivables and derivative instruments. The Company maintains its cash accounts with various high-quality financial institutions in the United States, Germany, and Bermuda. The Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company does not believe that significant concentration of credit risk exists with respect to these cash equivalents. Trade accounts receivable are recorded at the invoiced amount, and do not bear interest. The Company performs ongoing credit evaluations of its customers’ financial condition, but does not require collateral. Historically, credit risk with respect to trade accounts receivable has been considered minimal due to the long-standing relationships with significant customers, and their relative financial stability. However, current economic conditions could impact the collectibility of certain customers' trade receivables, which could have a material effect on the Company's results of operations. Derivative instruments are recorded at fair value. The Company does not have any off-balance sheet credit exposure related to its customers.</span></div> | |
CY2020Q4 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
18443443 | USD |
CY2019Q4 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
32150342 | USD |
CY2020Q4 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
28453773 | USD |
CY2019Q4 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
18404749 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
46897216 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
50555091 | USD |
CY2019Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
2500000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48397216 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
53055091 | USD |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1896038 | USD |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1908841 | USD |
CY2020 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
152416 | USD |
CY2019 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
898357 | USD |
CY2020 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
165219 | USD |
CY2019 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
1346647 | USD |
CY2020Q4 | panl |
Advance Hire
AdvanceHire
|
5026953 | USD |
CY2019Q4 | panl |
Advance Hire
AdvanceHire
|
3985826 | USD |
CY2020Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
3706396 | USD |
CY2019Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4924557 | USD |
CY2020Q4 | panl |
Accrued Receivable
AccruedReceivable
|
6823409 | USD |
CY2019Q4 | panl |
Accrued Receivable
AccruedReceivable
|
6466068 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
814062 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
269379 | USD |
CY2020Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3145125 | USD |
CY2019Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3124995 | USD |
CY2020Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
19515945 | USD |
CY2019Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
18770825 | USD |
CY2020Q4 | panl |
Vessels Salvage Value Per Lightweight Ton
VesselsSalvageValuePerLightweightTon
|
300 | USD |
us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
1800000 | USD | |
CY2019 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
4800000 | USD |
CY2019Q4 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-4600000 | USD |
CY2020Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
6547299 | USD |
CY2019Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
9302292 | USD |
CY2020Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
2650091 | USD |
CY2019Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
5164419 | USD |
CY2020Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
3897208 | USD |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
4137873 | USD |
CY2020 | panl |
Amortization Of Deferred Financing Costs And Bank Fees
AmortizationOfDeferredFinancingCostsAndBankFees
|
662440 | USD |
CY2019 | panl |
Amortization Of Deferred Financing Costs And Bank Fees
AmortizationOfDeferredFinancingCostsAndBankFees
|
727020 | USD |
CY2019Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
24173291 | USD |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
10654357 | USD |
CY2019Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
14883555 | USD |
CY2020Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2500000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
18678099 | USD |
CY2019Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
567832 | USD |
CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
916789 | USD |
CY2020Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
32400288 | USD |
CY2019Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
39973635 | USD |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
578000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
458000 | USD |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2315000 | USD |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1737315 | USD |
CY2020 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2020Q4 | us-gaap |
Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
|
93401776 | USD |
CY2019Q4 | us-gaap |
Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
|
90245646 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
95434525 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
92279147 | USD |
CY2020Q4 | panl |
Number Of Vessels Leased To Customers
NumberOfVesselsLeasedToCustomers
|
12 | vessel |
CY2020Q4 | panl |
Number Of Vessels Leased To Customers
NumberOfVesselsLeasedToCustomers
|
12 | vessel |
CY2020 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2404000 | USD |
CY2020 | panl |
Time Charter Term To Completion
TimeCharterTermToCompletion
|
P30D | |
CY2020Q4 | panl |
Number Of Noncancelable Office Leases
NumberOfNoncancelableOfficeLeases
|
2 | lease |
CY2020Q4 | panl |
Vessels And Vessel Improvements Property Plant And Equipement Gross
VesselsAndVesselImprovementsPropertyPlantAndEquipementGross
|
356929323 | USD |
CY2019Q4 | panl |
Vessels And Vessel Improvements Property Plant And Equipement Gross
VesselsAndVesselImprovementsPropertyPlantAndEquipementGross
|
348563194 | USD |
CY2020Q4 | panl |
Accumulated Depreciation Depletion And Amortization Vessel Improvements
AccumulatedDepreciationDepletionAndAmortizationVesselImprovements
|
82887697 | USD |
CY2019Q4 | panl |
Accumulated Depreciation Depletion And Amortization Vessel Improvements
AccumulatedDepreciationDepletionAndAmortizationVesselImprovements
|
69636742 | USD |
CY2020Q4 | panl |
Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
|
274041626 | USD |
CY2019Q4 | panl |
Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
|
278926452 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4859332 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4473725 | USD |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2159207 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
281474857 | USD |
CY2020Q4 | panl |
Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
|
274041626 | USD |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1925320 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
2700125 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
2548405 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
276741751 | USD |
CY2019Q4 | panl |
Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
|
278926452 | USD |
CY2020Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
45240198 | USD |
CY2019Q4 | panl |
Capitalleaseassetnet
Capitalleaseassetnet
|
53615305 | USD |
CY2019 | panl |
Number Of Capitalized Vessels
NumberOfCapitalizedVessels
|
3 | vessel |
CY2020 | panl |
Number Of Capitalized Vessels
NumberOfCapitalizedVessels
|
3 | vessel |
CY2020 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P5Y | |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
5419597 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
24292430 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
2106956 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
8620885 | USD |
CY2020Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
105787590 | USD |
CY2020 | panl |
Technical Management Fees
TechnicalManagementFees
|
2761800 | USD |
CY2019 | panl |
Technical Management Fees
TechnicalManagementFees
|
3364200 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
57382674 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
7965048 | USD |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
45447751 | shares |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
4500000 | shares |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2314940 | USD |
CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1737315 | USD |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1461923 | shares |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2.89 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
958480 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.94 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
433667 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
2.83 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
70918 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.78 | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
748026 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
2.84 | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
4667 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
2.79 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
3.20 | |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1915818 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2.97 | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
662301 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1825426 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2.96 | |
CY2018Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
4063598 | USD |
CY2019 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
4658576 | USD |
CY2019 | us-gaap |
Dividends Cash
DividendsCash
|
8090213 | USD |
CY2019Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
631961 | USD |
CY2020 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
908955 | USD |
CY2020 | us-gaap |
Dividends Cash
DividendsCash
|
535153 | USD |
CY2020Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1005763 | USD |
CY2020Q4 | panl |
Number Of Vessels
NumberOfVessels
|
3 | vessel |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y | |
CY2019Q3 | panl |
Investment In Newbuildings In Process
InvestmentInNewbuildingsInProcess
|
15400000 | USD |
CY2019Q3 | panl |
Number Of Dry Bulk Vessels Financed Under Finance Leases
NumberOfDryBulkVesselsFinancedUnderFinanceLeases
|
4 | numberOfVessel |
panl |
Sale Of Vessel Contracted Maximum Selling Price
SaleOfVesselContractedMaximumSellingPrice
|
32000000 | USD | |
CY2019Q3 | panl |
Sale Of Vessel Contracted Selling Price At Fair Market Value Percentage
SaleOfVesselContractedSellingPriceAtFairMarketValuePercentage
|
0.85 | |
panl |
Contractual Obligation Vessel Charter Period
ContractualObligationVesselCharterPeriod
|
P15Y | ||
CY2019Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
2500000 | USD |
panl |
Time Charter Term To Completion
TimeCharterTermToCompletion
|
P15Y | ||
CY2020 | panl |
Noncancelable Office Lease Noncancelable Period
NoncancelableOfficeLeaseNoncancelablePeriod
|
P6M | |
CY2020 | us-gaap |
Lease Cost
LeaseCost
|
200000 | USD |
CY2019 | us-gaap |
Lease Cost
LeaseCost
|
200000 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
9380057 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
9264017 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
9148487 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
26062633 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
5443736 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
7576832 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
66875762 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
9377276 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
57498486 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
6978192 | USD |
CY2020Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
50520294 | USD |
CY2020Q4 | us-gaap |
Beneficial Interest
BeneficialInterest
|
4800000 | USD |
CY2020 | panl |
Earnings Attributable To Noncontrolling Interest Recorded As Interest Expense
EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense
|
177802 | USD |
CY2019 | panl |
Earnings Attributable To Noncontrolling Interest Recorded As Interest Expense
EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense
|
44950 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
95900000 | USD |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
70400000 | USD |
CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
103700000 | USD |
CY2020Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
112800000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
79600000 | USD |
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
83300000 | USD |
CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
118900000 | USD |
CY2019Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
130500000 | USD |
CY2020Q1 | panl |
Voyage Expense
VoyageExpense
|
47800000 | USD |
CY2020Q2 | panl |
Voyage Expense
VoyageExpense
|
31800000 | USD |
CY2020Q3 | panl |
Voyage Expense
VoyageExpense
|
40700000 | USD |
CY2020Q4 | panl |
Voyage Expense
VoyageExpense
|
41600000 | USD |
CY2019Q1 | panl |
Voyage Expense
VoyageExpense
|
32200000 | USD |
CY2019Q2 | panl |
Voyage Expense
VoyageExpense
|
37200000 | USD |
CY2019Q3 | panl |
Voyage Expense
VoyageExpense
|
45100000 | USD |
CY2019Q4 | panl |
Voyage Expense
VoyageExpense
|
51000000.0 | USD |
CY2019Q1 | panl |
Charter Hire Expense
CharterHireExpense
|
24900000 | USD |
CY2019Q4 | panl |
Charter Hire Expense
CharterHireExpense
|
47700000 | USD |
CY2019Q2 | panl |
Charter Hire Expense
CharterHireExpense
|
18300000 | USD |
CY2019Q3 | panl |
Charter Hire Expense
CharterHireExpense
|
42000000.0 | USD |
CY2020Q1 | panl |
Charter Hire Expense
CharterHireExpense
|
32300000 | USD |
CY2020Q2 | panl |
Charter Hire Expense
CharterHireExpense
|
15200000 | USD |
CY2020Q3 | panl |
Charter Hire Expense
CharterHireExpense
|
35000000.0 | USD |
CY2020Q4 | panl |
Charter Hire Expense
CharterHireExpense
|
45300000 | USD |
CY2020Q1 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
9900000 | USD |
CY2020Q2 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
9300000 | USD |
CY2020Q3 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
9700000 | USD |
CY2020Q4 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
9100000 | USD |
CY2019Q1 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
9800000 | USD |
CY2019Q2 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
11100000 | USD |
CY2019Q3 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
11300000 | USD |
CY2019Q4 | panl |
Vessel Operating Expense
VesselOperatingExpense
|
13100000 | USD |
CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4000000.0 | USD |
CY2020Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3900000 | USD |
CY2020Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3700000 | USD |
CY2020Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4400000 | USD |
CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4000000.0 | USD |
CY2019Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5400000 | USD |
CY2019Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2800000 | USD |
CY2019Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5200000 | USD |
CY2020Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4200000 | USD |
CY2020Q2 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4300000 | USD |
CY2020Q3 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4200000 | USD |
CY2020Q4 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4200000 | USD |
CY2019Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4400000 | USD |
CY2019Q2 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4500000 | USD |
CY2019Q3 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
4700000 | USD |
CY2019Q4 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
5000000.0 | USD |
CY2019Q2 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | USD |
CY2019Q3 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | USD |
CY2020Q2 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
1800000 | USD |
CY2020Q3 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | USD |
CY2020Q4 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | USD |
CY2019Q1 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | USD |
CY2019Q4 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
4800000 | USD |
CY2020Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
100000 | USD |
CY2020Q2 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-300000 | USD |
CY2020Q3 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-500000 | USD |
CY2020Q4 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD |
CY2019Q2 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD |
CY2019Q3 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD |
CY2019Q4 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-4600000 | USD |
CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
98100000 | USD |
CY2020Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
66600000 | USD |
CY2020Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
93800000 | USD |
CY2020Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
104600000 | USD |
CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
75300000 | USD |
CY2019Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
76500000 | USD |
CY2019Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
105900000 | USD |
CY2019Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
131400000 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2200000 | USD |
CY2020Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3800000 | USD |
CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
9900000 | USD |
CY2020Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8200000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4300000 | USD |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6800000 | USD |
CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13000000.0 | USD |
CY2019Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-900000 | USD |
CY2020Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2100000 | USD |
CY2020Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2000000.0 | USD |
CY2020Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2000000.0 | USD |
CY2020Q4 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1800000 | USD |
CY2019Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2200000 | USD |
CY2019Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2100000 | USD |
CY2019Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2500000 | USD |
CY2019Q4 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2400000 | USD |
CY2020Q1 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2020Q2 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2020Q3 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2020Q4 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2019Q1 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2019Q2 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
100000 | USD |
CY2019Q3 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2019Q4 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
CY2020Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-4400000 | USD |
CY2020Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-2900000 | USD |
CY2020Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1400000 | USD |
CY2020Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | USD |
CY2020Q4 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1400000 | USD |
CY2019Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2300000 | USD |
CY2019Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
200000 | USD |
CY2019Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-300000 | USD |
CY2019Q4 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
500000 | USD |
CY2020Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
600000 | USD |
CY2020Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
100000 | USD |
CY2020Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
300000 | USD |
CY2020Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2019Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
200000 | USD |
CY2019Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
200000 | USD |
CY2019Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
200000 | USD |
CY2019Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-300000 | USD |
CY2019Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2200000 | USD |
CY2020Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-500000 | USD |
CY2020Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1700000 | USD |
CY2020Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-400000 | USD |
CY2019Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
300000 | USD |
CY2019Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1800000 | USD |
CY2019Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2600000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-6800000 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3300000 | USD |
CY2020Q3 | us-gaap |
Profit Loss
ProfitLoss
|
8200000 | USD |
CY2020Q4 | us-gaap |
Profit Loss
ProfitLoss
|
7900000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
4500000 | USD |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
5200000 | USD |
CY2019Q3 | us-gaap |
Profit Loss
ProfitLoss
|
10400000 | USD |
CY2019Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-3000000.0 | USD |
CY2020Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD |
CY2020Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
300000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
700000 | USD |
CY2020Q4 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
300000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
800000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1100000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2100000 | USD |
CY2019Q4 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1400000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6800000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3000000.0 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7500000 | USD |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7600000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3700000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4100000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8300000 | USD |
CY2019Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4400000 | USD |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
CY2020Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.19 | |
CY2019Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.10 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.07 | |
CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
CY2020Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
CY2019Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.10 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43341005 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43445789 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43488241 | shares |
CY2020Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43489698 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42601227 | shares |
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42767785 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42817933 | shares |
CY2019Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42819589 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43341005 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43445789 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43510961 | shares |
CY2020Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
44337242 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43071632 | shares |
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43293022 | shares |
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43354742 | shares |
CY2019Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42819589 | shares |