- Pangaea Logistics ( PANL ) Q2 shows a jump in revenue of 34% to $195.5M, due mainly to a 29% increase in daily Time Charter Equivalent (or TCE) rates.
- Voyage revenue increased 48% Y/Y.
- Total shipping days, which include both voyage and time charter days, remained essentially flat at 4,703 in Q2, versus 4,723 days in the prior-year period, including a 16% increase in voyage days.
- The TCE rate was $27,139 per day, compared to an average of $21,053 per day for the same period in 2021.
- Find more details in company presentation :
For further details see:
Pangaea Logistics jumps 15% on top and bottom line beat