Genco Shipping & Trading Ltd Stock Price, News & Analysis

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.

[ "Protection against hostile takeovers without appropriate control premium", "Board maintains flexibility to consider fair acquisition proposals", "Short duration of one year with possibility of early termination", "Shareholders will vote on any extension or renewal of the plan" ]

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%.

Genco Shipping & Trading (NYSE:GNK) has scheduled its second quarter 2025 earnings conference call for Thursday, August 7, 2025 at 8:30 a.m. Eastern Time. The company will release its financial results for Q2 2025 after market close on Wednesday, August 6, 2025.

The conference call will feature a slide presentation and will be webcast live. Participants can access the call through online registration and will receive dial-in instructions. The presentation will also be available for replay on the company's website at gencoshipping.com.

Genco Shipping & Trading (NYSE:GNK), the largest U.S. drybulk shipowner, has closed a new $600 million revolving credit facility, increasing its borrowing capacity by 50% ($200 million). The facility features improved terms including a 20-year repayment profile, reduced margin to 1.75%, and extended maturity to 2030.

Key highlights include no commitment reductions until March 2027, a 100% revolving credit structure, and an accordion feature allowing for additional $300 million borrowing potential. Currently, Genco has $100 million debt outstanding with $500 million undrawn availability. The company operates a fleet of 42 vessels with 4,446,000 dwt aggregate capacity.

Genco Shipping & Trading Limited (NYSE:GNK) announced its Q1 2025 financial results, declaring a $0.15 per share dividend - their 23rd consecutive quarterly dividend. The company reported a net loss of $11.9 million ($0.28 per share) with EBITDA of $7.9 million and voyage revenues of $71.3 million. The Board approved a new $50 million share repurchase program to complement their dividend strategy. Q1 2025 fleet-wide TCE was $11,884 per day, with Q2 2025 TCE estimates showing an 18% improvement at $14,042. The company maintains strong liquidity of $354.1 million and low leverage with a net loan-to-value of 6%. Despite seasonal weakness, management reduced the Q1 voluntary reserve from $19.50 million to $1.1 million to support the dividend payment. The dividend is payable on May 30, 2025, to shareholders of record as of May 22, 2025.