Pangaea Logistics reports 4Q loss

Pangaea-vessel_shipping

Pangaea Logistics Solutions Ltd. (PANL) reported a loss of $4.8 million in its fourth quarter.

On a per-share basis, the Newport, Rhode Island-based company said it had a loss of 14 cents.

The maritime logistics company posted revenue of $55.9 million in the period.

For the year, the company reported net income of $11.3 million, or 32 cents per share, swinging to a profit in the period. Revenue was reported as $287.3 million.

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