PANL Pangaea Logistics Solutions Ltd

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

  NAMES OF REPORTING PERSONS

  Maureen Maze

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  United States

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

  SOLE VOTING POWER

  4,802,070*

  SHARED VOTING POWER

  0

  SOLE DISPOSITIVE POWER

  4,802,070*

  SHARED DISPOSITIVE POWER

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  4,802,070*

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

  10.33%**

  TYPE OF REPORTING PERSON

  IN

Includes 889,368 shares of Common Stock owned by the Edward & Julia Coll Trust fbo Andrew Coll (the “Andrew Coll Trust”), 1,565,082 shares of Common Stock owned by the Edward & Julia Coll Trust fbo James Coll (the “James Coll Trust”), and 2,347,620 shares of Common Stock owned by the Edward & Julia Coll Trust fbo Aidan Coll (the “Aidan Coll Trust” and, together with the Andrew Coll Trust and the James Coll Trust, the “Trusts”). Ms. Maze serves as the sole trustee for each of the Trusts and has sole voting and dispositive power with respect to the Common Stock owned by the Trusts.

The aggregate percentage of class of Pangaea Logistics Solutions Ltd.’s (the “Issuer’s”) Common Stock, par value $0.0001 per share (the “Common Stock”), reported herein is based upon 46,466,622 shares of Common Stock outstanding as of August 7, 2023, as reported in the Issuer’s report on Form 10-Q for the quarterly period ended June 30, 2023 filed with the Securities and Exchange Commission on August 9, 2023.

This Schedule 13G relates to shares of common stock, par value $0.0001 per share (the “Common Stock”), of Pangaea Logistics Solutions Ltd., a holding company incorporated under the laws of Bermuda (the “Issuer”), which may be deemed to be beneficially owned by the Reporting Person (defined below) by virtue of her indirect beneficial ownership of shares of the Issuer’s Common Stock.

The Issuer’s principal executive offices are located at 109 Long Wharf, Newport, Rhode Island 02840.

This statement is being filed on behalf of Maureen Maze, a United States citizen (the “Reporting Person”).

The Reporting Person’s business address is:

Ms. Maze is the sole trustee of each of the Edward & Julia Coll Trust fbo Andrew Coll (the “Andrew Coll Trust”), the Edward & Julia Coll fbo James Coll (the “James Coll Trust”) and the Edward & Julia Coll fbo Aidan Coll Trust (the “Aidan Coll Trust” and, together with the Andrew Coll Trust and the James Coll Trust, the “Trusts”). Ms. Maze is retired.

The title of the class of securities with respect to the Issuer is Common Stock.

The CUSIP number related to the Common Stock is G6891L 105.

☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership.

The number reported for “Percent of class” is based on 46,466,622 shares of Common Stock of the Issuer outstanding as of August 7, 2023, as reported in the Issuer’s report on Form 10-Q for the quarterly period ended June 30, 2023 filed with the Securities and Exchange Commission on August 9, 2023.

Shares over which Ms. Maze had sole and shared voting and dispositive power consist solely of shares held by the Trusts, of which she is sole trustee.

Ownership of Five Percent of Less of a Class.

Ownership of More Than Five Percent on Behalf of Another Person.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Identification and Classification of Members of the Group.

Notice of Dissolution of Group.

Certification