Genco Shipping & Trading Limited
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John C. Wobensmith
- Full Time Employees
- 1,056
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 299 Park Avenue New York City NY United States of America 10171
- IPO Date
- Jul 15, 2014
- CIK
- 0001326200
- Website
- gencoshipping.com
- Similar Companies
- Business
- Genco Shipping & Trading Limited (NYSE: GNK) owns and operates a diversified fleet of drybulk vessels that transport essential raw materials worldwide. The company provides maritime transportation services for major bulks including iron ore, coal, grains, steel products, bauxite, and fertilizers; its fleet comprises Capesize, Ultramax, Kamsarmax, Panamax, and Supramax vessels, emphasizing modern, fuel-efficient tonnage with scrubber and ammonia-ready capabilities. Headquartered in New York City and founded in 2004, Genco operates globally across key drybulk trade routes in the Atlantic and Pacific basins, serving industrial clients in energy, steelmaking, agriculture, and mining sectors. In recent developments, Genco expanded its fleet in 2024-2025 through strategic acquisitions, including the purchase of two high-specification Kamsarmax vessels and an Ultramax for approximately $85 million total; the company also secured long-term charters and entered a shipbuilding agreement for up to five ammonia-ready Ultramax newbuilds, reflecting a shift toward sustainable tonnage amid tightening environmental regulations. Additionally, Genco announced a $100 million at-the-market equity offering in late 2024 to bolster liquidity and fleet renewal, while maintaining strong commercial partnerships with charterers and achieving record time charter equivalent revenues in Q3 2025.
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