Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Revenue	$ 95,879,937	$ 79,544,185
Expenses:
Voyage expense	47,795,912	32,174,107
Charter hire expense	32,325,447	24,947,369
Vessel operating expense	9,933,862	9,754,375
General and administrative	3,993,243	4,033,680
Depreciation and amortization	4,242,251	4,377,188
Gain on sale of vessels	(77,990)	0
Total expenses	98,212,725	75,286,719
(Loss) income from operations	(2,332,788)	4,257,466
Other (expense) income:
Interest expense, net	(2,116,320)	(2,207,168)
Interest expense on related party debt	0	(26,898)
Unrealized (loss)/gain on derivative instruments, net	(2,917,094)	2,289,786
Other income	596,556	167,820
Total other (expense) income, net	(4,436,858)	223,540
Net (loss) income	(6,769,646)	4,481,006
Income attributable to non-controlling interests	(25,729)	(778,452)
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	$ (6,795,375)	$ 3,702,554
Earnings per common share:
Basic (in dollars per share)	$ (0.16)	$ 0.09
Diluted (in dollars per share)	$ (0.16)	$ 0.09
Weighted average shares used to compute earnings per common share:
Basic (in shares)	43,341,005	42,601,227
Diluted (in shares)	43,341,005	43,071,632
Voyage revenue
Revenues:
Revenue	$ 86,523,891	$ 65,851,347
Charter revenue
Revenues:
Revenue	$ 9,356,046	$ 13,692,838