# EDGAR Filing Document

**Accession Number:** 0002047301
**File Stem:** 0000919574-25-006485
**Filing Date:** 2025-11
**Character Count:** 13626
**Document Hash:** ca3d30accc6d84fbfb57bc85eef5cc95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-006485.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0000919574-25-006485

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pangaea Logistics Solutions Ltd.
- **CENTRAL INDEX KEY:** 0001606909
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88353
- **FILM NUMBER:** 251459751

**BUSINESS ADDRESS:**
- **STREET 1:** 109 LONG WHARF
- **CITY:** NEWPORT
- **STATE:** RI
- **ZIP:** 02840
- **BUSINESS PHONE:** 401-457-9552

**MAIL ADDRESS:**
- **STREET 1:** 109 LONG WHARF
- **CITY:** NEWPORT
- **STATE:** RI
- **ZIP:** 02840

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Quartet Holdco Ltd.
- **DATE OF NAME CHANGE:** 20140430
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Strategic Shipping Inc.
- **CENTRAL INDEX KEY:** 0002047301

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 2960 POST ROAD
- **STREET 2:** C/O M.T. MARITIME MANAGEMENT (USA) LLC
- **CITY:** SOUTHPORT
- **STATE:** CT
- **ZIP:** 06890
- **BUSINESS PHONE:** 203-226-7882

**MAIL ADDRESS:**
- **STREET 1:** 2960 POST ROAD
- **STREET 2:** C/O M.T. MARITIME MANAGEMENT (USA) LLC
- **CITY:** SOUTHPORT
- **STATE:** CT
- **ZIP:** 06890

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Pangaea Logistics Solutions Ltd.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**G6891L105**

*(CUSIP Number)*

**Strategic Shipping Inc.**<br>c/o M.T. Maritime Management (USA) LLC<br>2960 Post Road<br>Southport CT 06890<br>203-226-7882

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/05/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **G6891L105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Strategic Shipping Inc.** | Name of reporting person<br>**Strategic Shipping Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**1T** | Citizenship or place of organization<br>**1T** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**18870317.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**18870317.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**18870317.00** | Aggregate amount beneficially owned by each reporting person<br>**18870317.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29%** | Percent of class represented by amount in Row (11)<br>**29%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **G6891L105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Strategic Investment LLC** | Name of reporting person<br>**Strategic Investment LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**1T** | Citizenship or place of organization<br>**1T** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**18870317.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**18870317.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**18870317.00** | Aggregate amount beneficially owned by each reporting person<br>**18870317.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29%** | Percent of class represented by amount in Row (11)<br>**29%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** * Strategic Investment LLC is the sole shareholder of Strategic Shipping Inc. As such, it may be deemed to beneficially own the Common Shares (as defined below) that Strategic Shipping Inc. owns.

| **CUSIP No.** | **G6891L105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pacific Star Private Trust Company Ltd.** | Name of reporting person<br>**Pacific Star Private Trust Company Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**1T** | Citizenship or place of organization<br>**1T** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**18870317.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**18870317.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**18870317.00** | Aggregate amount beneficially owned by each reporting person<br>**18870317.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29%** | Percent of class represented by amount in Row (11)<br>**29%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** * Pacific Star Private Trust Company Ltd. ("Pacific Star") is the trustee of a  trust (the "Trust"). The Trust indirectly controls all of the shares of Strategic Shipping Inc. through its direct ownership of 51.0% of the limited liability company interests in Strategic Investment LLC, which is the sole shareholder of Strategic Shipping Inc. Accordingly, Pacific Star, as trustee, may be deemed to beneficially own the 18,870,317 Common Shares (as defined below) that are owned by Strategic Shipping Inc. and beneficially owned by Strategic Investment LLC.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Pangaea Logistics Solutions Ltd.

**(c) Address of Issuer's Principal Executive Offices:**
109 Long Wharf, Newport, RI, 02840

This Amendment No. 1 (this "Amendment No. 1") to the Schedule 13D filed with the U.S. Securities and Exchange Commission on January 6, 2025 (the "Schedule 13D") by Strategic Shipping Inc., Strategic Investments LLC and Pacific Star Private Trust Company Ltd. (together, the "Reporting Persons"), relates to the common stock, par value $0.0001 per share (the "Common Shares"), of Pangaea Logistics Solutions Ltd. (the "Issuer").

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented to include the following:

The Reporting Persons have acquired the Common Shares for investment purposes. The Reporting Persons evaluate their investment in the Common Shares on continual basis. The Reporting Persons have no plans or proposals as of the date of this filing which relate to, or would result in, any of the actions enumerated in Item 4 of the instructions to Schedule 13D.

Representatives of the Reporting Persons reserve the right to engage in discussions from time to time with the board of directors and management of the Issuer, other shareholders of the Issuer, consultants, financial advisors and other relevant parties that may include matters relating to the financial condition, strategy, business, assets, operations, control, extraordinary transactions, capital structure and strategic plans of the Issuer, including the nomination or appointment of directors to the Issuer's board of directors. In addition to the foregoing, the Reporting Persons and their representatives reserve the right to join together with others to engage the Issuer, other shareholders of the Issuer, consultants, financial advisors and other relevant parties in discussions and negotiations relating to, and may enter into certain agreements and take certain actions in connection with, one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D. Any future decision of the Reporting Persons to take any such actions with respect to the Issuer or its securities will take into account various factors, including the prospects of the Issuer, general market and economic conditions and other factors deemed relevant.

The Reporting Persons reserve the right to effect transactions that would change the number of Common Shares it may be deemed to beneficially own.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of September 30, 2025, the Issuer had 65,176,619 Common Shares outstanding based on information provided by the Issuer in its Earnings Press Release issued on November 6, 2025.

**(b)**
Based on the foregoing, as of the date of this filing: The Reporting Persons may be deemed the beneficial owner of 18,870,317 Common Shares, representing approximately 29% of the Issuer's outstanding Common Shares. The Reporting Persons have the shared power to vote and dispose of 18,870,317 of these Common Shares.

**(c)**
To the best of the Reporting Persons' knowledge, there were no transactions in the Common Shares other than those discussed in this Schedule 13D that were effected by the Reporting Persons during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information in Item 4 of this Amendment No. 1 is incorporated in this Item 6 by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Strategic Shipping Inc.

**Signature:** /s/ Constantine Tsoutsoplides

**Name/Title:** Constantine Tsoutsoplides, Chief Financial Officer

**Date:** 11/06/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Strategic Investment LLC

**Signature:** /s/ Lui Yuen Leung

**Name/Title:** Lui Yuen Leung, Board Manager

**Date:** 11/06/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pacific Star Private Trust Company Ltd.

**Signature:** /s/ Lui Yuen Leung

**Name/Title:** Lui Yuen Leung, Director

**Date:** 11/06/2025