Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) Q2 2020 Earnings Conference Call - Final Transcript

Aug 13, 2020 • 08:00 am ET


Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning. My name is Stephanie and I will be your conference operator today. At this time, I would like to welcome everyone to the Pangaea Logistics Solutions' Second Quarter 2020 Earnings Teleconference. Our host for today's call are Mr. Ed Coll, Chairman and Chief Executive Officer and Mr. Gianni Del Signore, Chief Financial Officer. Today's call is being recorded and will be available for replay beginning at 11:00 AM Eastern Time. The recording can be accessed by dialing 800-585-8367 domestic or 404-537-3406 international and referencing ID 8947025. All lines are currently muted and after the prepared remarks, there will be a live question-and-answer session. [Operator Instructions]

It is now my pleasure to turn the floor over to Miss. Tiya Gulanikar with Prosek Partners.

Tiya Gulanikar

Thank you, Stephanie and thank you for joining us for this morning's Second Quarter 2020 Earnings Conference Call for Pangaea Logistics Solutions. With us today from the Company are Chairman and CEO, Mr. Ed Coll and Chief Financial Officer, Mr. Gianni Del Signore.

Before I turn the call over to Ed, I'd like to read the Safe Harbor statement. This conference could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Pangaea Logistics Solutions. Forward-looking statements are statements that are not based on historical facts. Such forward-looking statements are based upon the current beliefs and expectations of Pangaea Logistics Solutions' management and are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Such risks are more fully discussed in Pangaea Logistics Solutions filings with the Securities and Exchange Commission. The information set forth herein should be understood in light of such risks. Pangaea Logistics Solutions does not assume any obligation to update the information contained in this conference call. Also please recall that a supplemental slide presentation will accompany this call. Those slides can be found attached to the 8-K that was filed with last evening's release, which is available on the Investors Section of under Company Filings or on the SEC's website at

Now, I would like to turn the call over to Pangaea Logistics Solutions' Chairman and CEO, Mr. Ed Coll. Ed?

Ed Coll

Thanks, Tiya and good morning to all of you and thank you for joining us on the call. This morning, I'll provide an update on our operations and the overall market before turning the call over to Gianni, our CFO, to provide a more detailed overview of the second quarter financials. We'll then open the line for questions.

I'd like to begin by expressing well-wishes to you and your families. I hope that you are all healthy in safe and our thoughts are with all of those who have been impacted by COVID-19. We are especially grateful to our dedicated crew members working aboard our vessels as they support the global supply chain. Pangaea remains committed to the health and well-being of our employees and as a Company will continue to follow all local and international regulatory