Genco Shipping & Trading (US:GNK) Globenewswireยท2025-10-16 10:55Core Insights - Genco Shipping & Trading Limited has taken delivery of the Genco Courageous, a 182,000 dwt scrubber-fitted Capesize vessel, enhancing its fleet and market presence [1][2] - The company has invested approximately $200 million in modern Capesize vessels since October 2023, indicating a strong commitment to fleet modernization and growth [2] - Genco aims to capitalize on favorable long-term industry fundamentals while providing substantial returns to shareholders [2] Company Overview - Genco Shipping & Trading Limited is a U.S.-based drybulk shipowner focused on the global transportation of commodities, including iron ore, coal, grain, and steel products [4] - The company operates a fleet of 43 vessels with an average age of 12.7 years and an aggregate capacity of approximately 4,628,000 dwt [4] - The fleet includes larger Capesize vessels as well as medium-sized Ultramax and Supramax vessels, allowing for a diverse range of cargo transportation [4]