Genco Shipping & Trading

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q4 2022

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Genco Shipping & Trading excels in Q4 2022 earnings call

Genco Shipping & Trading delivered robust financial results, prioritizing debt reduction, dividend sustainability, and strategic fleet management.
The company's strong performance, prudent financial decisions, and market-aligned strategies position it well for growth and value creation.
While challenges persist in market dynamics, Genco Shipping & Trading remains focused on leveraging opportunities and navigating industry trends effectively.

Genco Shipping & Trading posts solid Q1 results amid market optimism

Genco Shipping & Trading delivered strong financial performance in Q1 2023, with a positive outlook for the drybulk market.
The company's focus on debt reduction, dividend payments, and market dynamics positions it well for future growth.
While challenges like market uncertainties persist, Genco's strategic initiatives and market expertise offer avenues for success.

Genco Shipping & Trading reports robust Q2 earnings and strategic growth plans

Genco Shipping & Trading's Q2 2023 performance reflects financial strength and operational resilience, supported by a robust cash position and sustainable dividend policy. While facing challenges such as debt obligations and market uncertainties, the company is well-positioned to leverage market opportunities and enhance operational efficiency.

Genco Shipping & Trading Limited reports Q3 loss, focuses on sustainability and growth opportunities

Genco Shipping & Trading Limited's Q3 2023 performance reflects a net loss, but the company remains committed to returning capital to shareholders and enhancing its borrowing capacity. The acquisition of the Genco Ranger and participation in emissions reduction initiatives position Genco for potential improvements in Q4. However, the company faces challenges in achieving financial stability and managing its debt.

Genco Shipping & Trading reports stellar Q4 performance and strategic growth outlook

Genco Shipping & Trading's Q4 performance reflects robust growth and operational efficiency, supported by strategic initiatives and a strong financial position. While challenges exist in the industry's volatility, the company's focus on value creation and fleet optimization presents opportunities for sustained success.

Genco Shipping & Trading reports robust Q3 earnings and growth strategies

Genco Shipping & Trading delivered strong financial performance in Q3 2024, with notable achievements in fleet growth, earnings power, and shareholder returns. The company's focus on efficiency, financial strength, and market opportunities positions it well for future growth and success.

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Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.

Genco (GNK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Genco (GNK) Might Surprise This Earnings Season

NEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the third quarter of 2020 on Thursday, November 5, 2020 at 8:00 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the third quarter ended September 30, 2020 on Wednesday, November 4, 2020 after the close of market trading.

Genco Shipping & Trading Limited Announces Third Quarter 2020 Conference Call and Webcast

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Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Survey Of Operating Costs In Dry Cargo Shipping

Genco Shipping & Trading Limited's (GNK) CEO John Wobensmith on Q2 2020 Results - Earnings Call Transcript

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Results are coming in better than expected despite COVID-19-related disruptions in the quarter.

Why Shares of C.H. Robinson and Other Transports Are Soaring Today

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Genco Shipping & Trading (GNK) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

NEW YORK, July  20, 2020  (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the second quarter of 2020 on Thursday, August 6, 2020 at 9:00 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2020 on Wednesday, August 5, 2020 after the close of market trading.

Genco Shipping & Trading Limited Announces Second Quarter 2020 Conference Call and Webcast

NEW YORK, June  25, 2020  (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) today announced that it has changed the location of its 2020 Annual Meeting of Shareholders to be held at 10:00 a.m. on Wednesday, July 15, 2020. The new location of the meeting is Ink 48 Hotel, 653 Eleventh Avenue, New York, NY 10036. Due to the coronavirus pandemic, the previously announced location for the meeting is not expected to be available.

Genco Shipping & Trading Limited Announces Change of Location for 2020 Annual Meeting of Shareholders

Protocols Established by Genco and Singapore’s MPA Facilitate Successful Full Crew Change of the Genco Liberty Protocols Established by Genco and Singapore’s MPA Facilitate Successful Full Crew Change of the Genco Liberty

Genco Shipping & Trading Leads the First Full Crew Change Under New COVID-19 Protocols in Singapore

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q1 2020 Results - Earnings Call Transcript

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David Marcus of Evermore Global Advisors updates his volatile marine shipping bet, and a new internet services play

Deep Dive: This winning stock-market bet was soured by the coronavirus crisis, and now it’s setting up for a rebound

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After enjoying a phenomenal run in 2019, shipping stock trading ranges have collapsed and our portfolios have been bloodied.

Coronavirus Shopping List: Top 12 Maritime Bargains

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q4 2019 Results - Earnings Call Transcript

NEW YORK, Jan.  29, 2020  (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”) announced today the completion of its exhaust gas cleaning systems (“scrubbers”) program which consisted of installing scrubbers on Genco’s 17 Capesize vessels. This represents a key pillar of our previously announced comprehensive plan towards compliance with International Maritime Organization (“IMO”) regulations that limit sulfur emissions from vessels to 0.5% down from 3.5% on a global basis to improve air quality.

Genco Shipping & Trading Limited Announces Completion of Scrubber Program

In the recent flood of earnings reports by U.S.-listed ocean shipping companies, common themes have risen to the surface: Third-quarter results are still in the red and weaker than expected, earnings are being impaired by out-of-service time due to exhaust-gas scrubber installations, rates are up sharply in the fourth quarter – and most importantly, as sentiment brightens, dividends are now back in vogue.

Shipping Earnings Roundup: Here Come The Dividends

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q3 2019 Results - Earnings Call Transcript

Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Genco Shipping & Trading (GNK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q2 2019 Results - Earnings Call Transcript

Genco Shipping (GNK) delivered earnings and revenue surprises of -22.50% and 4.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Genco Shipping & Trading (GNK) Reports Q2 Loss, Tops Revenue Estimates

Genco Shipping & Trading has been struggling lately, but the selling pressure may be coming to an end soon.

Genco Shipping & Trading Sees Hammer Chart Pattern: Time to Buy?

As of late, it has definitely been a great time to be an investor Genco Shipping & Trading.

Will Genco Shipping & Trading Continue to Surge Higher?

Genco Shipping & Trading Ltd. (GNK) CEO John Wobensmith on Q1 2019 Results - Earnings Call Transcript

New York-headquartered Genco Shipping & Trading posted a net loss of $7.8 million in the first quarter of 2019, compared to a net loss of $55.8 million in the same period last year, when losses were driven by a non-cash impairment charge.

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