Pangaea Logistics Solutions Ltd. (PANL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Erica, and I will be your conference operator today. At this time, I would like to welcome everyone to the Pangea Logistics Solutions Second Quarter 2026 Results Conference Call. Today's call is being recorded and will be available for replay beginning at 11 a.m. Eastern. The recording can be accessed by dialing 800-925-9941 for domestic or 402-220-7000. All lines are currently muted, and after the prepared remarks, there will be a live question and answer session. If you would like to ask a question during the Q&A segment, please press star 1 on your phone. If your question has been answered, you may remove yourself from the queue at any time by pressing star 2. We do ask that you please pick up your handset for optimal sound quality. It is now my pleasure to turn the floor over to Stephan Neely with Fallon Advisors, Please go ahead. Thank you, operator, and welcome to the Pangea Logistics Solutions Second Quarter 2026 Results Conference Call. Leading the call with me today are CEO Mads Peterson and Chief Financial Officer Gianni Del Signore. Today's discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties. Thank you, Stefan, and welcome to those joining us on the call today. We generated strong results in both revenue and profitability during the second quarter. Our financial performance was driven by strong execution across both our owned and charted increase, as well as balanced positioning of our assets to take advantage of stronger overall demand, especially in Asia. Robust markets contributed to a 50% increase in our TCE rates for the second quarter. Notably, o...