Genco Shipping & Trading Limite
Ticker(s):
GNK
Country:
Sector & Industry:
Business Overview
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
Contact & Other Information
Number of Employees:
1,037
Website:
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Genco Shipping & Trading Limited provided an update on its estimated TCE rate for Q1 2025, projecting approximately $11,700 per day.
02/21/2025 | 10-K | 0001558370-25-001309 |Genco Shipping & Trading Limited reported a significant increase in net income for FY2024 due to strong drybulk market conditions. The company is focused on dividends, deleveraging, and accretive growth.