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
- 1,037
- 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.
Genco Shipping & Trading Limited Shareholders Overwhelmingly Re-Elect All Genco Director Nominees at 2026 Annual Meeting
Genco Shipping & Trading Limited Confirms Receipt of Revised Offer from Diana Shipping Inc.
Genco Shipping & Trading Limited Reminds Shareholders to Vote TODAY
Genco Shipping & Trading Limited Urges Shareholders to Vote “FOR” its Highly Qualified Directors at June 18th Annual Meeting
Genco Shipping & Trading Limited Board of Directors Provides Firm Commitments for Future Treatment of Shareholders Rights Agreement
Genco Shipping & Trading Limited Urges Shareholders to Vote Today
Genco Shipping & Trading Limited Responds to Diana Shipping's Withdrawal of Director Nominations
Diana Shipping Inc. Focuses Proxy Contest on Election of Jens Ismar and Paul Cornell to Genco Shipping & Trading Board
Genco Shipping & Trading Limited Announces Leading Proxy Advisor ISS Joins Glass Lewis and Egan-Jones in Recommending Shareholders Vote “FOR” ALL of Genco's Director Nominees
Genco Shipping & Trading Limited Shares Video Highlighting Diana Shipping's Attempt to Acquire Genco on the Cheap
Genco Shipping & Trading Limited Highlights Recommendations from Leading Independent Proxy Advisory Firms Glass Lewis and Egan-Jones that Shareholders Vote “FOR” ALL of Genco's Director Nominees
Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology
Genco Shipping & Trading Limited Sends Letter to Shareholders Detailing Genco Board of Directors' Strong Position to Continue Generating Superior Value
Genco Shipping & Trading rejects Diana Shipping takeover offer
Genco Shipping & Trading rejects Diana Shipping takeover offer
Genco Board Unanimously Rejects Diana Shipping's Latest Buyout Offer
Genco Shipping & Trading Limited Board of Directors Unanimously Rejects Diana Shipping's Revised, Unsolicited Tender Offer
Diana Shipping Inc. Sends Letter to Genco Shipping & Trading Shareholders Making the Case for Electing Six Independent Nominees With Proven Track Records of Creating Shareholder Value
Genco Shipping & Trading Ltd (GNK) Shares Surge 3.3% -- What GF Score of 61 Tells Investors
Genco Shipping & Trading Board of Directors to Review Revised, Unsolicited Tender Offer from Diana Shipping