Outlines Genco's Successful Comprehensive Value Strategy Reiterates Board's Unanimous Recommendation that Shareholders Vote "FOR" the Re-Election of Genco's Highly Qualified Nominees on the WHITE Proxy Card Today Advises Shareholders to Vote "WITHHOLD" Against George Economou's Nominee, Robert Pons, and Reject His Agenda NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global t ...

Urges Shareholders to Vote "FOR" the Re-Election of Genco's Seven Highly Qualified Nominees on the WHITE Proxy Card Today Vote "AGAINST" George Economou's Nominee and Shareholder Proposal Launches VoteForGenco.com Providing Additional Information for Shareholders NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has ...

NEW YORK, April 10, 2024 (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 first quarter of 2024 on Thursday, May 9, 2024 at 8:30 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 first quarter ended March 31, 2024 on Wednesday, May 8, 2024 after the close of market trading. What:First ...

NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has filed its preliminary proxy materials with the Securities and Exchange Commission ("SEC") in connection with its upcoming Annual Meeting of Shareholders. In its preliminary proxy statement, the Genco Board of Directors recommends that shareholders vote for the re-e ...

CloudVisual Note: I previously covered Genco Shipping (NYSE:GNK). In my previous analysis, I discussed the company's barbell approach, financials, and relative valuation. In today's article, I review the last earnings report, update the evaluation, and assess the risks. Fleet GNK applies the barbell strategy. The company owns 16 Capesize vessels and 27 Handymax (15 Ultramax and 12 Supramax). This approach distributes GNK's upside potential while mitigating its risks. Looking at the details, GNK installed sc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ⌧ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ◻ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-33393 GENCO SHIPPING & TRADING LIMITED (Exact name of registrant as specified in its charter) Republic of the Marshall Islands ...

Liam Burke Liam Burke So in terms of shrinking the fleet as a rule, I don't see us doing that. But of course we're going to take advantage of opportunities even if it may mean short-term selling some older ships and then medium, longer term replacing them. I wouldn't say there's a shift, but you know, Panamaxâs and Kamsarmaxâs have traditionally carried grain out of that area, but I wouldn't say there's actually a shift. I mean, I think you know the Kams this time of year in that area the Kamsarmaxâs and th ...

Purchased 2 x 2016-built scrubber-fitted Capesize vessels that delivered in Nov 2023 Sustained dividends across diverse market environments Fourth quarter highlights 81% ~81% of the Q1's available days fixed Drybulk freight rate seasonality takeaways Potential iron ore port inventory restocking + increase in seaborne iron ore availability | --- | --- | --- | --- | --- | |--------------|----------------------------|----------|----------|------------| | Coarse grain | 2023/24p | 2022/23e | Variance | % Varian ...

Peter Allen Peter Allen This concludes our presentation and weÂ'll now be happy to take your questions. Peter Allen – Chief Financial Officer John Wobensmith – Chief Executive Officer Furthermore, with our new 100% revolving credit facility, this advantageous structure allows us more flexibility than with previous term loan structures to actively manage our debt outstanding to reduce interest expense while providing meaningful capacity to partially fund future vessel acquisitions. Looking ahead to Q4 2023, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33393 GENCO SHIPPING & TRADING LIMITED (Exact name of registrant as specified in its charter) Republic of the Marshal ...