Pangaea Logistics Solutions Ltd. (PANL) Reported a Profit of $10.2 Million for Its Second Quarter on Monday

(PANL) reported a profit of $10.2 million for its second quarter on Monday. The Newport, Rhode Island-based maritime logistics company earned 16 cents per share, with adjusted earnings of 26 cents per share after accounting for non-recurring costs. Revenue for the period totaled $187.1 million.