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GNK

Genco Shipping & Trading·NYSE
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Signals Analysis
Bullish signal 3
Bearish signal 2
Ample Liquidity
Significant Net Income Decline
Revenue Beats Expectation
Bullish Abandoned Baby
EPS Below Expectations

Key Stats

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About GNK

Genco Shipping & Trading Limited

The largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities

Sea transport
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07/20/2015
New York Stock Exchange
962
12-31
Common stock
299 Park Avenue, 12th Floor, New York, New York 10171
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Genco Shipping & Trading Limited, headquartered in New York City, was incorporated in Marshall Island in 2004. The company transports iron ore, coal, grain, steel and other dry bulk cargoes along shipping routes around the world through its own and operated dry bulk cargo vessels. Excluding the cargo ships of Baltic Trading LLC (Baltic Trading), the company's shipping fleet currently consists of 70 dry cargo carriers, including 13 Capesize, 8 Panamax, 21 Lightweight Extreme, 6 Bulk Cargoes and 18 Bulk Dry Cargoes, with a total transport capacity of approximately 5,158,000 dwt. The average service time of the company's carrier fleet is 9.4 years, while in the international market where the company competes, the world average service time of the dry bulk carrier fleet is 10 years. All ships of the company's fleet are built in docks with a reputation for making high-quality ships. Excluding Baltic Trading, about 75% of the company's fleet is currently operating on spot market-related charters, while about 15% are operating on fixed-rate charters. In addition, five of the company's ships are currently operating within the Lauritzen associate. Under the joint venture agreement, the ship operates under a time charter agreement, in which fuel and port charges are paid by the common fund, while operating expenses including crew salaries, maintenance and insurance are borne by the ship owner. Since the members of the associate share the operating income generated by all the ships of the entire associate, the associate conducts transactions in the spot market. Therefore, the revenue of these five carriers is affected by the fluctuation of the spot market. Most of the company's ships are chartered to well-known charterers. Including Lauritzen Bulk Carrier Co., Ltd. or LB/IVS Associates (Lauritzen Bulkers), Cargill International Co., Ltd. (Cargill), Pacific Shipping Co., Ltd. (Pacbasin), Trafigura Beheer Pte Ltd (Trafigura), Klaveness Ship Charter Company (K Laveness) and Swissmarine, of which Lauritzen Bulk Carrier Co., Ltd is an associate manager company.

Earnings Call

Company Financials

EPS

GNK has released its 2025 Q3 earnings. EPS was reported at -0.01, versus the expected 0.09, missing expectations. The chart below visualizes how GNK has performed over recent quarters, highlighting trends in earnings surprises.

Revenue & Expenses

GNK has released its 2025 Q3 earnings report, with revenue of 79.92M, reflecting a YoY change of -19.54%, and net profit of -1.08M, showing a YoY change of -105.00%. The Sankey diagram below clearly presents GNK's revenue sources and cost distribution.

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Seasonals

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