TEXT-EXTRACT 2 filename2.txt February 5, 2020 Edward Coll Chief Executive Officer Pangaea Logistics Solutions, Ltd. c/o Phoenix Bulk Carriers (US) LLC 109 Long Wharf Newport, RI 02840 Re: Pangaea Logistics Solutions Ltd. Form 10-K for Fiscal Year Ended December 31, 2018 Filed March 20, 2019 File No. 1-36798 Dear Mr. Coll: We have completed our review of your filing. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Sincerely, Division of Corporation Finance Office of Energy & Transportation