Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Revenue	$ 70,396,170	$ 83,290,615	$ 166,276,107	$ 162,834,800
Expenses:
Voyage expense	31,757,910	37,224,412	79,553,822	69,398,519
Charter hire expense	15,203,731	18,317,345	47,529,178	43,264,714
Vessel operating expense	9,325,060	11,074,547	19,258,922	20,828,922
General and administrative	3,872,388	5,358,991	7,865,631	9,392,671
Depreciation and amortization	4,345,707	4,491,327	8,587,958	8,868,515
Loss on impairment of vessels	1,801,039	0	1,801,039	0
Loss on sale of vessels	297,475	0	219,485	0
Total expenses	66,603,310	76,466,622	164,816,035	151,753,341
Income from operations	3,792,860	6,823,993	1,460,072	11,081,459
Other (expense) income:
Interest expense, net	(2,000,550)	(2,101,052)	(4,116,870)	(4,308,220)
Interest expense on related party debt	0	(11,138)	0	(38,036)
Unrealized gain (loss) on derivative instruments, net	1,404,317	215,171	(1,512,777)	2,504,957
Other income	98,635	232,092	695,191	399,912
Total other (expense), net	(497,598)	(1,664,927)	(4,934,456)	(1,441,387)
Net income (loss)	3,295,262	5,159,066	(3,474,384)	9,640,072
Income attributable to non-controlling interests	(290,086)	(1,126,565)	(315,815)	(1,905,017)
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	$ 3,005,176	$ 4,032,501	$ (3,790,199)	$ 7,735,055
Earnings per common share:
Basic (in dollars per share)	$ 0.07	$ 0.09	$ (0.09)	$ 0.18
Diluted (in dollars per share)	$ 0.07	$ 0.09	$ (0.09)	$ 0.18
Weighted average shares used to compute earnings per common share:
Basic (in shares)	43,445,789	42,767,785	43,442,773	42,684,966
Diluted (in shares)	43,445,789	43,293,022	43,442,773	43,202,187
Voyage revenue
Revenues:
Revenue	$ 66,857,166	$ 77,430,067	$ 153,381,057	$ 143,281,414
Charter revenue
Revenues:
Revenue	$ 3,539,004	$ 5,860,548	$ 12,895,050	$ 19,553,386