![]() ![]() Seasonal demand softness, combined with extended holiday schedules in the East, contributed to challenging market conditions in January and February. ![]() Just yesterday, Vesselindex published its report on outperformance, and we again are at the top of the 5-year historical performance list of dry bulk public companies. Our long-term COAs, specialized fleet and cargo-focused strategy helped us to perform better than index rates in a slow market environment. Our TCE earned was $14,372 per day for the 3 months ended March 31, 2023, compared to an average of $26,472 per day for the same period in 2022. After the market closed yesterday, we issued a release detailing our first quarter results.ĭuring a seasonally slower period for the global dry bulk shipping market where benchmark industry rates declined nearly 60% on a year-over-year basis, Pangaea delivered an average TCE rate that was approximately 50% higher than our broader market indices, resulting in another consecutive quarter of profitability. Thank you, Noel, and welcome to those joining us on the call and webcast today. At the conclusion of our prepared remarks, we will open the line for questions.Īnd with that, I would like to turn the call over to Mark. Except as required by law, we undertake no obligation to update our forward-looking statements. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Today's discussion contains forward-looking statements about future business and financial expectations. Leading the call with me today is CEO, Mark Filanowski Chief Financial Officer, Gianni Del Signore and COO, Mads Petersen. Thank you, operator, and welcome to the Pangaea Logistics Solutions First Quarter 2023 Results Conference Call. It is now my pleasure to turn the floor over to Noel Ryan with Vallum Advisors. The recording can be accessed by dialing 80 or 40. Today's call is being recorded and will be available for replay beginning at 11:00 a.m. At this time, I would like to welcome everyone to the Pangaea Logistics First Quarter 2023 Earnings Teleconference. My name is Raza, and I will be your conference operator today. The current status of the company is Active.Pangaea Logistics Solutions Ltd ( NASDAQ: PANL) Q1 2023 Earnings Conference Call 8:00 AM ET 36 KALANAGAR BANDRA EAST MUMBAI MAHARASHTRA MUMBAI Mumbai City Maharashtra 400051 India. ![]() The company is registered with email address company is incorporated with the address BUNGALOW NO. VALLUM CAPITAL ADVISORS PRIVATE LIMITED's unique Corporate Identification Number (CIN) is U67190MH2010PTC206628 and its registration number is 206628. ![]() VALLUM CAPITAL ADVISORS PRIVATE LIMITED's Annual General Meeting (AGM) was last held on and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on. As per MCA the main line of business is Activities Auxiliary TO Financial Intermediation. It is classified as Private UnListed Indian Non-Government Company. VALLUM CAPITAL ADVISORS PRIVATE LIMITED is a 12.10 Years old company, incorporated on. ![]()
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