Genco Shipping & Trading Ltd Stock Price, News & Analysis

Genco Shipping & Trading (NYSE:GNK) agreed to acquire two 2020-built, 208,000 dwt scrubber-fitted Newcastlemax vessels for a total purchase price of $145.5 million. Genco expects delivery in Q1 2026 and plans to fund the deal with cash on hand plus a drawdown on its revolving credit facility. Including this transaction, Genco says its investment in modern Capesize and Newcastlemax tonnage totals $343 million over the last two years. Pro forma fleet: 45 vessels, average age 12.5 years, aggregate capacity ~5,045,000 dwt. Company highlights potential for improved earnings and dividend capacity.

Genco Shipping & Trading (NYSE:GNK) announced on November 10, 2025 an amendment to its one-year limited duration shareholder rights plan adopted October 1, 2025 that expires September 30, 2026. The Amendment, effective immediately, redefines “Acquiring Person” to trigger the plan at 10% beneficial ownership (15% for 13G investors) and expressly excludes a Grandfathered Shareholder that currently holds nearly 15% of common stock, subject to limitations disclosed in a Form 8‑K to be filed the same day.

The Board said the change responds to the rapid accumulation of shares by a competitor and is intended to give the Board time to fulfill fiduciary duties while not preventing fair offers. Further details will be available in the company’s Form 8‑K filed with the SEC.

Corporate facts: fleet of 43 vessels, average age 12.8 years, aggregate capacity ~4,629,000 dwt.

Genco Shipping & Trading (NYSE:GNK) reported Q3 2025 results and declared a $0.15 per share cash dividend — its 25th consecutive quarterly dividend — payable on or about Nov 24, 2025 to shareholders of record on Nov 17, 2025. Cumulative dividends now total $7.065 per share. The company acquired the Genco Courageous (182,000 dwt, 2020, scrubber-fitted) for $63.6 million on Oct 15, 2025 and completed a $600 million revolving credit facility.

Q3 results: net loss $1.1M ($0.02/share), adjusted EBITDA $21.7M, voyage revenue $79.9M, net revenue $55.0M, average fleet TCE $15,959/day. Q4 TCE to date: $20,101/day for 72% of owned fleet available days. Liquidity: $520M (cash $90M, revolver availability $430M); pro forma net LTV 12%.

Genco Shipping & Trading (NYSE: GNK) will host a conference call to discuss third quarter 2025 results on Thursday, November 6, 2025 at 8:30 a.m. ET. The company will issue financial results for the quarter ended September 30, 2025 on Wednesday, November 5, 2025 after market close.

The call will be broadcast live with a slide presentation and available for replay on the company website. Dial-in details are provided after registration via the live call link; participants are asked to dial in at least 10 minutes early.

• When: Nov 6, 2025, 8:30 a.m. ET
• Results release: Nov 5, 2025 after market close
• Webcast/replay: http://www.gencoshipping.com
• Registration link: https://registrations.events/direct/Q4I910613917

Genco Shipping & Trading (NYSE:GNK) announced delivery of the Genco Courageous, a 2020-built, 182,000 dwt scrubber-fitted Capesize vessel on October 16, 2025. Management said the vessel is high-spec and fuel efficient and that the addition expands the company’s presence in a key sector.

The company stated it has invested approximately $200 million in modern Capesize vessels since October 2023. Genco reported a fleet of 43 vessels with an average age of 12.7 years and aggregate capacity of about 4,628,000 dwt.

Genco Shipping & Trading (NYSE:GNK), the largest U.S. drybulk shipowner, has implemented a limited duration shareholder rights plan effective immediately through September 30, 2026. The plan aims to protect shareholders' long-term value by issuing one right per common stock share as of October 13, 2025.

The Rights Plan activates if any entity acquires 15% or more of GNK's common stock without Board approval, allowing other shareholders to purchase additional shares at a discount. The company's fleet consists of 43 vessels with an average age of 12.7 years and approximately 4,628,000 dwt capacity, focusing on global commodity transportation.

Genco Shipping & Trading (NYSE:GNK), the largest U.S. headquartered drybulk shipowner, announced significant leadership changes. John C. Wobensmith, the company's CEO, has been appointed as Chairman of the Board, while Kathleen C. Haines has been named Lead Independent Director following James G. Dolphin's retirement after 11 years of board service.

Haines brings extensive maritime industry experience, having served as CFO of Heidmar Inc. and OMI Corporation. In her new role as Lead Independent Director, she will oversee executive sessions, serve as liaison between the Chairman and independent directors, and ensure direct communication with major stockholders.

Genco's fleet consists of 43 vessels with an average age of 12.6 years and approximately 4,628,000 dwt capacity, focusing on transporting commodities such as iron ore, grain, and steel products globally.

Genco Shipping & Trading (NYSE:GNK), the largest U.S. headquartered drybulk shipowner, has announced its participation in the upcoming Jefferies Industrials Conference. The company's leadership team, including CEO John C. Wobensmith, CFO Peter Allen, and VP of Finance Michael Orr, will present on September 3, 2025, at 2:10 pm ET.

The presentation will be accessible via webcast through Genco's Investor Relations website. Management will also engage in investor meetings during the conference.

Genco Shipping & Trading (NYSE:GNK), the largest U.S. drybulk shipowner, reported Q2 2025 financial results with a net loss of $6.8 million ($0.16 per share). The company declared its 24th consecutive quarterly dividend of $0.15 per share, payable August 25, 2025. Key highlights include the agreement to purchase a 2020-built Capesize vessel for $63.6 million and securing a new $600 million revolving credit facility in July 2025.

Q2 2025 performance showed voyage revenues of $80.9 million and adjusted EBITDA of $14.3 million. The company's fleet achieved an average TCE of $13,631 per day, with Q3 2025 TCE rates estimated at $15,926 for 70% of available fleet days. Genco maintains a strong liquidity position of $335.6 million and a low net loan-to-value ratio of 7%.