Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Revenue	$ 103,766,558	$ 118,885,396	$ 270,042,665	$ 281,720,196
Expenses:
Voyage expense	40,729,271	45,102,602	120,283,093	114,501,121
Charter hire expense	34,969,551	41,980,065	82,498,729	85,244,779
Vessel operating expense	9,699,890	11,331,770	28,958,812	32,160,692
General and administrative	3,691,963	2,768,253	11,557,594	12,160,924
Depreciation and amortization	4,230,302	4,652,563	12,818,260	13,521,078
Loss on impairment of vessels	0	0	1,801,039	0
Loss on sale of vessels	485,580	0	705,065	0
Total expenses	93,806,557	105,835,253	258,622,592	257,588,594
Income from operations	9,960,001	13,050,143	11,420,073	24,131,602
Other (expense) income:
Interest expense, net	(1,956,729)	(2,499,617)	(6,073,599)	(6,807,837)
Interest expense on related party debt	0	(10,902)	0	(48,938)
Unrealized gain (loss) on derivative instruments, net	(18,098)	(301,058)	(1,530,875)	2,203,899
Other income	301,543	180,194	996,734	580,106
Total other (expense), net	(1,673,284)	(2,631,383)	(6,607,740)	(4,072,770)
Net income	8,286,717	10,418,760	4,812,333	20,058,832
Income attributable to non-controlling interests	(734,472)	(2,097,200)	(1,050,287)	(4,002,217)
Net income attributable to Pangaea Logistics Solutions Ltd.	$ 7,552,245	$ 8,321,560	$ 3,762,046	$ 16,056,615
Earnings per common share:
Basic (in dollars per share)	$ 0.17	$ 0.19	$ 0.09	$ 0.38
Diluted (in dollars per share)	$ 0.17	$ 0.19	$ 0.09	$ 0.37
Weighted average shares used to compute earnings per common share:
Basic (in shares)	43,488,241	42,817,933	43,393,764	42,729,775
Diluted (in shares)	43,510,961	43,354,742	43,398,472	43,247,417
Voyage revenue
Revenues:
Revenue	$ 98,120,344	$ 103,806,391	$ 251,501,401	$ 247,087,805
Charter revenue
Revenues:
Revenue	$ 5,646,214	$ 15,079,005	$ 18,541,264	$ 34,632,391