Welcome to our dedicated page for Genco Shipping & Trading SEC filings (Ticker: GNK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Genco Shipping & Trading Limited (NYSE: GNK) SEC filings page provides access to the company’s regulatory disclosures as a U.S. domestic filer incorporated in the Republic of the Marshall Islands. Through documents filed with the U.S. Securities and Exchange Commission, investors can review details about Genco’s drybulk shipping operations, capital structure, governance, and risk factors.
Genco’s Form 8-K current reports highlight material events such as quarterly financial results, amendments to its revolving credit facility, adoption and amendment of a limited duration shareholder rights plan, and governance changes including the appointment of a Lead Independent Director. Certain 8-K filings also furnish press releases that discuss time charter equivalent (TCE) performance, voyage revenues, and commentary on drybulk freight market conditions.
Annual reports on Form 10-K and quarterly reports on Form 10-Q (accessed via this page) provide broader context on Genco’s fleet of Newcastlemax, Capesize, Ultramax, and Supramax vessels, its focus on transporting iron ore, coal, grain, steel products, bauxite, cement, and nickel ore, and its comprehensive value strategy centered on dividends, deleveraging, and growth. These filings also include the company’s risk factor disclosures, accounting policies, and segment information.
Users can also review filings related to shareholder rights and capital markets activity, including the Rights Agreement and its amendment, which describe thresholds for an acquiring person, the concept of a Grandfathered Shareholder and 13G Investor, and the mechanics of the rights plan. Real-time updates from EDGAR combined with AI-powered summaries help explain the key points of lengthy documents, making it easier to understand how new credit agreements, governance changes, or market updates may affect Genco’s drybulk shipping business.
Diana Shipping Inc. filed Amendment No. 3 to its Schedule 13D on Genco Shipping & Trading Limited (GNK), updating its stake and disclosing a non-binding takeover proposal. Diana reports beneficial ownership of 6,413,151 shares of Genco common stock, or 14.8% of outstanding shares, based on 43,243,165 shares outstanding as of November 5, 2025.
On November 24, 2025, Diana submitted a proposal to acquire all Genco shares it does not already own for US$20.60 per share in cash. The proposed price represents a 15% premium to Genco’s November 21, 2025 close, a 21% premium to the July 17, 2025 close, and a 23% premium to the 30‑day and 90‑day volume‑weighted average prices ending November 21, 2025.
Diana has engaged DNB Bank and Nordea to lead financing and states confidence in securing about $1,102,000,000 of debt to fund the purchase of the remaining shares, refinance Genco’s existing debt, and pay transaction costs. The proposal is non-binding, is not subject to a financing condition or Diana shareholder approval, and would, if completed, take Genco private and delist its shares.
Genco Shipping & Trading Ltd. (GNK) disclosed an insider equity award on a Form 4. Director Kathleen C. Haines reported a grant of 2,929 restricted stock units (RSUs) on November 10, 2025 in connection with her appointment as Lead Independent Director.
Each RSU represents one share of common stock. These RSUs generally vest on the earlier of the company’s next annual shareholders meeting following the grant date or July 20, 2026. The filing also lists prior RSU awards and vesting dates for context.
Genco Shipping & Trading Limited amended its Shareholder Rights Agreement to lower the trigger for becoming an “Acquiring Person” to 10% beneficial ownership, or 15% for a defined “13G Investor.” The Board approved the change following its assessment of recent events, including rapid accumulation of Genco common stock by a competitor and the possibility of a transfer of that position.
The amendment also designates a Grandfathered Shareholder, identified as Diana Shipping Inc., tied to a Grandfathered Percentage capped at the lesser of 15% or its percentage at 4:00 p.m. New York City time on November 10, 2025, with loss of grandfathered status if ownership rises above that cap or certain other conditions occur. The plan is described as similar to those of other public companies and is intended to allow all shareholders to realize long‑term value while permitting the Board time to evaluate any proposals. It does not prevent the Board from considering offers deemed fair and in shareholders’ best interests.
Genco Shipping & Trading (GNK) filed its Q3 2025 10‑Q, reporting voyage revenues of $79.9 million versus $99.3 million a year ago and a net loss of $1.1 million compared to net income of $21.6 million. Operating income was $2.5 million, reflecting softer rates, higher depreciation, and refinancing costs.
For the first nine months, voyage revenues were $232.1 million versus $323.8 million last year, with a net loss of $19.8 million. Cash and cash equivalents were $89.9 million as of September 30, 2025, and long‑term debt principal was $170.0 million under a newly upsized $600 million revolver, with $430.0 million of availability. The company declared a $0.15 per share dividend in the quarter.
GNK ended the quarter with 42 drybulk vessels (about 4.446 million dwt, average age ~12.8 years). Post‑quarter, it took delivery of the Genco Courageous, a 2020‑built Capesize acquired for $63.6 million, financed with draws on its revolving facilities. Shares outstanding were 43,243,165 as of November 5, 2025.
Genco Shipping & Trading Limited (GNK) furnished its financial results for the quarter ended September 30, 2025 by attaching a press release as Exhibit 99.1 to a Form 8-K. The disclosure is provided under Item 2.02 Results of Operations and Financial Condition and is expressly stated as furnished, not filed, which limits its use under Section 18 of the Exchange Act unless specifically incorporated by reference. GNK’s common stock trades on the NYSE under the symbol GNK.
Genco Shipping & Trading (GNK): BlackRock, Inc. filed Amendment No. 5 to Schedule 13G reporting beneficial ownership of 2,848,462 shares of common stock, representing 6.6% of the class as of 09/30/2025.
BlackRock reports sole voting power over 2,764,460 shares and sole dispositive power over 2,848,462 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Genco Shipping & Trading Limited filed an 8-K reporting adoption of a rights plan tied to a newly created Series B Preferred Stock and a related Rights Agreement dated October 1, 2025. Each Right will represent a one‑one‑thousandth interest in a Preferred Share designed to approximate the economic value and voting treatment of one share of Common Stock.
The Rights expire at 5:00 P.M. New York time on September 30, 2026 unless earlier redeemed or exchanged. The Board may redeem all Rights for US$0.001 per Right any time before expiration or before the first public announcement that any person or group becomes an Acquiring Person. The Rights Agreement contemplates treatment of Qualifying Offers and includes exhibits: the Statement of Designations of Series B Preferred Stock, the Rights Agreement with Computershare as Rights Agent, a press release dated October 1, 2025, and Inline XBRL cover data. The filing is signed by CFO Peter Allen.
Diana Shipping Inc. reports holding 6,413,151 common shares of GENCO SHIPPING & TRADING LTD, representing 14.93% of outstanding shares based on issuer data as of August 6, 2025. The reporting person acquired these shares in open-market transactions between April 23, 2025 and September 29, 2025 using working capital for an aggregate purchase price of $103,523,853.62. Diana Shipping states it has sole voting and dispositive power over all reported shares and that no part of the purchase price was borrowed for these acquisitions. The amendment updates Items 3, 5 and 7 of the original Schedule 13D filing and incorporates exhibits identifying directors and recent transactions.
John C. Wobensmith, Chairman, CEO and President of Genco Shipping & Trading Limited (GNK), reported sales of common stock on September 12, 2025 and September 15, 2025 to satisfy tax obligations from option exercises. The filing shows 20,000 shares sold on 09/12/2025 at a weighted-average price of $18.12 and 19,000 shares sold on 09/15/2025 at a weighted-average price of $18.44. Following these transactions, the reporting person beneficially owned 506,733 shares. The Form 4 also discloses outstanding restricted stock units totaling multiple tranches (aggregate amounts reported by tranche) and outstanding options exercisable into 69,284 shares with a $9.91 exercise price expiring 02/23/2027.
Genco Shipping & Trading Ltd (GNK) filed a Form 144/A reporting a proposed sale of 101,752 common shares through Jefferies LLC on 09/15/2025 with an aggregate market value of $1,833,571.04. The filer states total shares outstanding of 43,243,165, and discloses that 168,539 shares were acquired on 09/08/2025 by stock option exercise with a cashless exercise payment. The filing also lists sales by John C. Wobensmith totaling 82,752 shares across 09/08–09/12/2025 for gross proceeds of $1,493,395.10. The notice includes the required attestation that no undisclosed material adverse information is known.