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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0002047301 XXXXXXXX LIVE 1 Common Stock, par value $0.0001 per share 11/05/2025 false 0001606909 G6891L105 Pangaea Logistics Solutions Ltd. 109 Long Wharf Newport RI 02840 Strategic Shipping Inc. 203-226-7882 c/o M.T. Maritime Management (USA) LLC 2960 Post Road Southport CT 06890 Keith J. Billotti, Esq. (212) 574-1274 Seward & Kissel LLP One Battery Park Plaza New York NY 10004 0002047301 N Strategic Shipping Inc. OO N 1T 0.00 18870317.00 0.00 18870317.00 18870317.00 N 29 CO Y Strategic Investment LLC OO N 1T 0.00 18870317.00 0.00 18870317.00 18870317.00 N 29 OO * 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. Y Pacific Star Private Trust Company Ltd. OO N 1T 0.00 18870317.00 0.00 18870317.00 18870317.00 N 29 CO * 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. Common Stock, par value $0.0001 per share Pangaea Logistics Solutions Ltd. 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"). The information included in Item 3 of the Schedule 13D is hereby amended and supplemented to include the following: Between April 4, 2025, and June 16, 2025, the Reporting Persons have acquired 510,975 Common Shares for an aggregate purchase price of approximately $2.2 million. 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. 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. 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. 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. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Common Shares beneficially owned by the Reporting Persons. Not applicable. The information in Item 4 of this Amendment No. 1 is incorporated in this Item 6 by reference. Strategic Shipping Inc. /s/ Constantine Tsoutsoplides Constantine Tsoutsoplides, Chief Financial Officer 11/06/2025 Strategic Investment LLC /s/ Lui Yuen Leung Lui Yuen Leung, Board Manager 11/06/2025 Pacific Star Private Trust Company Ltd. /s/ Lui Yuen Leung Lui Yuen Leung, Director 11/06/2025 * The Reporting Person specifically disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.