Genco Shipping & Trading Limited - Genco Shipping & Trading …

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) - Genco Shipping Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner …

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Genco Shipping & Trading To Enhance Fleet With $47.5 Million ...

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Oct 7, 2024 · Breaking News: Genco Shipping Expands Fleet with Major AcquisitionNEW YORK, Oct. 07, 2024 ? Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S.-based dry …

csimarket.com

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Genco Buys Eight-year-old Capesize Vessel For $47.5 Million

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Oct 7, 2024 · U.S. drybulk shipowner Genco Shipping & Trading Limited on Monday announced it has agreed to acquire a 2016-built 180,000 dwt Capesize vessel for a purchase price of $47.5 …

marinelink.com

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Genco Shipping Acquires $47.5m Capesize Bulker

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Oct 7, 2024 · Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire a 2016 …

shippingherald.com

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Genco Shipping Has Advanced Its Fleet Renewal Strategy

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Nov 28, 2023 · Genco Shipping & Trading Ltd has acquired an additional 2016-built 181 000 DWT scrubber-fitted capesize vessel, the Genco Reliance, for a purchase price of US$43.0 …

drybulkmagazine.com

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Fleet Renewal And Dividend Policy Will Strengthen Future Prospects

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Sep 18, 2024 · Analysts are assuming Genco Shipping & Trading's revenue will decrease by -17.5% annually over the next 3 years. Analysts assume that profit margins will increase from …

simplywall.st

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Genco Shipping Reports Strong Q3 2024 Results - Nasdaq

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Nov 8, 2024 · Financial highlights include a net income of $21.5 million, adjusted EBITDA of $36.9 million, and a fleet-wide average daily TCE of $19,260, reflecting a 59% increase year-over-year.

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FAQs about Genco Shipping & Trading Limited - Genco Shipping & Trading … Coupon?

Who is Genco Shipping & Trading Ltd?

Here is a breakdown of the information Genco Shipping & Trading Ltd presented to its investors. Genco Shipping & Trading Limited is a U.S.-based drybulk ship owning company specializing in the global transportation of commodities, operating a diverse fleet of Capesize, Ultramax, and Supramax vessels. ...

How many ships does Genco ship?

As of November 27, 2023, Genco Shipping & Trading Limited’s fleet consists of 19 Capesize, 15 Ultramax and 12 Supramax vessels with an aggregate capacity of approximately 4,997,000 dwt and an average age of 11.5 years. ...

How did Genco advance its fleet renewal strategy?

John C. Wobensmith, CEO of Genco, commented, “We are pleased to have taken important steps to advance our fleet renewal strategy. Leveraging our significant financial strength, we opportunistically acquired two modern, fuel-efficient capesize vessels, while divesting older, non-core tonnage. ...

When did Genco buy the Genco reliance?

The company took delivery of the Genco Reliance, as well as the previously announced capesize acquisition, the Genco Ranger, during the last week of November 2023. Genco also announced that it has agreed to sell the Genco Commodus, a 2009-built 169 098 DWT capesize vessel, for US$19.5 million. ...

Is Genco acquiring a DWT scrubber-fitted Capesize vessel?

Genco Shipping & Trading Ltd has acquired an additional 2016-built 181 000 DWT scrubber-fitted capesize vessel, the Genco Reliance, for a purchase price of US$43.0 million. The company took delivery of the Genco Reliance, as well as the previously announced capesize acquisition, the Genco Ranger, during the last week of November 2023. ...

How has Genco shipping performed in recent years?

Genco Shipping's financial performance has been moderate in recent years, driven by favorable market conditions and the company's strategic focus on efficiency and cost control. The company has reported increased revenue, net income, and gross profit margin for several years. ...