Pangaea Logistics Solutions PANL Charter Hire Expense
Charter Hire Expense at other companies
Other financials
Where this comes from
Reported directly by Pangaea Logistics Solutions in its filing.
Tagged under the XBRL concept panl:CharterHireExpense.
The official record: Pangaea Logistics Solutions’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Pangaea Logistics Solutions's charter hire expense?
- Pangaea Logistics Solutions (PANL) reported charter hire expense of $39.18M in Q1 2026.
- How has Pangaea Logistics Solutions's charter hire expense changed year-over-year?
- Pangaea Logistics Solutions's charter hire expense increased by 122.1% year-over-year, from $17.64M to $39.18M.
- What is the long-term trend for Pangaea Logistics Solutions's charter hire expense?
- Over 4 years (2021 to 2025), Pangaea Logistics Solutions's charter hire expense has grown at a -21.1% compound annual growth rate (CAGR), from $334.9M to $129.74M.
- What does charter hire expense mean?
- Reflects the costs incurred by the company to lease or charter vessels from third-party owners to supplement its own fleet capacity. This expense is a critical component of the company's operating leverage, as it allows for fleet expansion without the capital expenditure of vessel ownership. Analyzing this metric provides insight into the company's reliance on chartered tonnage versus owned assets to meet contractual obligations.