Headquartered in New York, NY Fiscal year ends December NYSE: GNK gencoshipping.com
Genco Shipping & Trading Limited (NYSE: GNK) is a U.S.-based drybulk ship owning company focused on the seaborne transportation of commodities globally. The company transports key cargoes including iron ore, coal, grain, steel products, bauxite, cement, and nickel ore along worldwide shipping routes. Its fleet of 43 vessels (average age 12.8 years, aggregate capacity approximately 4,935,000 dwt) spans two segments: larger Newcastlemax and Capesize vessels for major bulk cargoes, and medium-sized Ultramax and Supramax vessels for minor bulk cargoes. The company employs a portfolio approach to revenue generation, combining short-term spot market fixtures with strategically timed longer-term fixed rate coverage. Genco operates a Comprehensive Value Strategy centered on paying sizeable quarterly dividends, maintaining low financial leverage (net loan-to-value of 18%), and opportunistically renewing and growing its asset base, having invested over $550 million in vessel acquisitions since 2021. Updated
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Genco Shipping & Trading Limited (NYSE: GNK) is a U.S.-based drybulk ship owning company focused on the seaborne transportation of commodities globally. The company transports key cargoes including iron ore, coal, grain, steel products, bauxite, cement, and nickel ore along worldwide shipping routes.
The Wall Street consensus 12-month price target for GNK is $29.36.
