Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approximately 4,421,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: gencoshipping.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $26.00 → $17.00 | Buy → Hold | Stifel |
| 1/5/2024 | Buy → Neutral | BTIG Research | |
| 9/30/2022 | $20.00 | Buy | Stifel |
| 8/3/2022 | $29.00 | Buy | Alliance Global Partners |
| 7/21/2022 | $25.00 | Buy | Jefferies |
| 4/27/2022 | $26.00 → $27.00 | Buy | Jefferies |
| 2/24/2022 | $25.00 → $26.00 | Buy | Jefferies |
| 9/13/2021 | $30.00 | Buy | H.C. Wainwright |
| 6/30/2021 | $20.00 → $24.00 | Buy | Jefferies |
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4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
3 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
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NEW YORK, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter of 2025 on Wednesday, February 18, 2026 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the fourth quarter ended December 31, 2025 on Tuesday, February 17, 2026 after the close of market trading. What:Fourth Quarter 2025 Conference Call WhenWednesday, February 18, 2026 at 8:30 a.m. Eastern Time Link:https://events.q4inc.com/analyst/638501096?pwd=qF8yzzw8 To access the cal
Reiterates Commitment to Enhancing Shareholder Value Reiterates Benefits of Genco Acquiring Diana for Creating Value for Both Company Shareholders No Shareholder Action Required at This Time NEW YORK, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today responded to Diana Shipping Inc. ("Diana"), which disclosed its intent to nominate six director candidates to stand for election to the Genco Board of Directors at the Company's 2026 Annual Meeting of Shareholders (the "2026 Annual Meeting"). Genco issued the following statement
Diana's Highly Qualified Independent Director Nominees Bring Extensive Experience Across Dry Bulk Shipping, Finance, Mergers & Acquisitions and Corporate Governance Current Genco Board Has Failed to Engage Constructively with Diana — Its Largest Shareholder — and Meaningfully Evaluate Attractive Premium Acquisition Proposal Believes Meaningful Change is Needed to Ensure Board Seriously Evaluates Diana's Offer and Opportunities to Maximize Shareholder Value ATHENS, Greece, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) ("Diana" or the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, that owns approximatel
Board Unanimously Determined Proposal Significantly Undervalues Genco, Has Significant Execution Risk with No Committed Financing and is Not in Best Interest of Shareholders Board Sought to Discuss Alternative Transaction Structure to Benefit Both Companies' Shareholders NEW YORK, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today confirmed that its Board of Directors, with the recommendation of a committee of independent directors, unanimously rejected Diana Shipping Inc.'s non-binding indicative proposal to acquire all of the
Deeply Disappointed that After Weeks of Delay, the Genco Board has Rejected and Communicated an Unwillingness to Engage Regarding Diana's Acquisition Proposal Diana Reiterates Attractive All Cash Offer Providing Immediate, Certain Value for Genco's Shareholders Diana Urges Good-Faith Engagement by Genco Board ATHENS, Greece, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) ("Diana" or the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE:GNK) ("Genco"), announced that it has received a letter from
NEW YORK, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today confirmed that it has received a non-binding indicative proposal from Diana Shipping Inc. (NYSE:DSX) to acquire all of the outstanding shares of Genco not already owned by Diana for $20.60 per share in cash. Diana has disclosed that they currently beneficially own approximately 14.8% of the Company's common stock. Genco's Board of Directors, in consultation with its financial and legal advisors, will carefully review and evaluate the non-binding indicative proposal to
ATHENS, Greece, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) ("Diana" or the "Company") announced that today it has submitted a letter to the Board of Directors of Genco Shipping & Trading Limited (NYSE:GNK) ("Genco") setting forth a proposal to acquire all of the outstanding shares of Genco not already owned by Diana for $20.60 per share in cash. The Company currently owns approximately 14.8% of Genco's outstanding shares. The proposed price represents: a 15% premium to the closing price of Genco's shares on November 21, 2025;a 21% premium to the closing price of Genco's shares on July 17, 2025, the date of the initial disclosure of Diana's ownership stake in Genco;
NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase price of $145.5 million. Genco expects to take delivery of the vessels during the first quarter of 2026 and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility. John C. Wobensmith, Chairman and Chief Executive Officer, commented, "We are pleased to acquire two more high quality, premium earning vessels, underscoring Genco
NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that its Board of Directors (the "Board") has adopted an amendment (the "Amendment") to its one-year limited duration shareholder rights plan adopted on October 1, 2025 (the "Rights Plan") that expires on September 30, 2026. The Amendment is effective immediately. The Amendment amends and restates the definition of "Acquiring Person" to change the beneficial ownership threshold to become an Acquiring Person, thereby triggering the Rights Plan, to 10% (or 15%
Declares Dividend of $0.15 per share for Q3 2025Represents Genco's 25th Consecutive Quarterly Dividend NEW YORK, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and nine months ended September 30, 2025. Third Quarter 2025 and Year-to-Date Highlights Dividend Declared a $0.15 per share dividend for Q3 202525th consecutive quarterly dividend Cumulative dividends of $7.065 per share or approximately 43% of our current share price1 Q3 2025 dividend is payable on or about Novem
DFAN14A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
SCHEDULE 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
DEFA14A - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
DFAN14A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
SCHEDULE 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
8-K - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
SCHEDULE 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
8-A12B/A - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
8-K - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
10-Q - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
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Stifel downgraded Genco Shipping & Trading from Buy to Hold and set a new price target of $17.00 from $26.00 previously
BTIG Research downgraded Genco Shipping & Trading from Buy to Neutral
Stifel initiated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $20.00
Alliance Global Partners initiated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $29.00
Jefferies initiated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $25.00
Jefferies resumed coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $27.00 from $26.00 previously
Jefferies reiterated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $26.00 from $25.00 previously
H.C. Wainwright initiated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $30.00
Jefferies reiterated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $24.00 from $20.00 previously
Jefferies reiterated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $20.00 from $18.00 previously
Live Leadership Updates
NEW YORK, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that James G. Dolphin has retired from the Board. The decision is not the result of any disagreement on Genco's strategy, operations, policies or practices. Genco also announced that as part of its ongoing succession planning process, the Board has appointed Chief Executive Officer John C. Wobensmith to the additional role of Chairman of the Board and Kathleen C. Haines as Lead Independent Director to support the Board's continued independent oversight. Jame
NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company") the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that Genco shareholders have overwhelmingly voted at the Company's Annual Meeting to re-elect to the Company's Board of Directors all seven of Genco's highly qualified director nominees – James G. Dolphin, Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan and John C. Wobensmith. At the Annual Meeting, approximately 61.4% of the total shares outstanding as of the March 28, 2024 record date were represented at the meeting. The
Sets the Record Straight on Economou's Campaign Genco Continues Executing on the Comprehensive Value Strategy It Initiated in 2021 Shareholders Should Still Get Their Votes In "FOR" the Re-Election of Genco's Seven Highly Qualified Director Nominees NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company") the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following statement regarding George Economou's withdrawal of the nomination of Robert Pons for election to the Genco Board of Directors. Genco issued the following statement: We are please
Outlines Genco's Successful Comprehensive Value Strategy Reiterates Board's Unanimous Recommendation that Shareholders Vote "FOR" the Re-Election of Genco's Highly Qualified Nominees on the WHITE Proxy Card Today Advises Shareholders to Vote "WITHHOLD" Against George Economou's Nominee, Robert Pons, and Reject His Agenda NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it mailed a letter to shareholders in connection with the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"), sche
Highlights Urgent Need for An Independent Director Perspective to Address Genco's Persistent Underperformance and Unlock Value for Shareholders Outlines Concerns with Chairman James Dolphin's Outsized Influence in the Genco Boardroom Urges Shareholders to Vote FOR the Election of GK Investor Nominee Robert Pons on the BLUE Universal Proxy Card and WITHHOLD on Genco Board Chairman James Dolphin GK Investor LLC ("GK"), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited ("Genco" or the "Company") (NYSE:GNK), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connec
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the appointment of Paramita Das to its Board of Directors effective immediately. With her appointment, the Board will comprise seven directors. Ms. Das brings significant global leadership experience in the commodities sector. She previously served as the Global Head of Marketing, Development and ESG, Metals and Minerals at Rio Tinto. Prior to that, she held various leadership roles at Rio Tinto including General Manager, Marketing and Development, Metals
NEW YORK, May 22, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the appointment of Peter Allen as Chief Financial Officer, effective June 16, 2023. He is to succeed Apostolos Zafolias, who as previously announced, will leave the Company to pursue an opportunity outside of the maritime industry. Since Mr. Allen's start at Genco in 2008, he has served in various finance, accounting and corporate strategy leadership positions at the Company, most recently as Genco's Senior Vice President, Strategy & Finance. Mr. Allen has ext
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NEW YORK, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter of 2025 on Wednesday, February 18, 2026 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the fourth quarter ended December 31, 2025 on Tuesday, February 17, 2026 after the close of market trading. What:Fourth Quarter 2025 Conference Call WhenWednesday, February 18, 2026 at 8:30 a.m. Eastern Time Link:https://events.q4inc.com/analyst/638501096?pwd=qF8yzzw8 To access the cal
Deeply Disappointed that After Weeks of Delay, the Genco Board has Rejected and Communicated an Unwillingness to Engage Regarding Diana's Acquisition Proposal Diana Reiterates Attractive All Cash Offer Providing Immediate, Certain Value for Genco's Shareholders Diana Urges Good-Faith Engagement by Genco Board ATHENS, Greece, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) ("Diana" or the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE:GNK) ("Genco"), announced that it has received a letter from
NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase price of $145.5 million. Genco expects to take delivery of the vessels during the first quarter of 2026 and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility. John C. Wobensmith, Chairman and Chief Executive Officer, commented, "We are pleased to acquire two more high quality, premium earning vessels, underscoring Genco
Declares Dividend of $0.15 per share for Q3 2025Represents Genco's 25th Consecutive Quarterly Dividend NEW YORK, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and nine months ended September 30, 2025. Third Quarter 2025 and Year-to-Date Highlights Dividend Declared a $0.15 per share dividend for Q3 202525th consecutive quarterly dividend Cumulative dividends of $7.065 per share or approximately 43% of our current share price1 Q3 2025 dividend is payable on or about Novem
NEW YORK, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2025 on Thursday, November 6, 2025 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the third quarter ended September 30, 2025 on Wednesday, November 5, 2025 after the close of market trading. What: Third Quarter 2025 Conference Call When: Thursday, November 6, 2025 at 8:30 a.m. Eastern Time Link: https://registrations.events/direct/Q4I910613917 To access the call by pho
NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that its Board of Directors (the "Board") has adopted a limited duration shareholder rights plan (the "Rights Plan"). The Rights Plan is effective immediately and has a one-year duration expiring on September 30, 2026. The Rights Plan is similar to plans adopted by other public companies and is intended to enable all Company shareholders to realize the long-term value of their investment. It is designed to reduce the likelihood that any entity, person, or g
Declares Dividend of $0.15 per share for Q2 2025Represents Genco's 24th Consecutive Quarterly Dividend Announces Acquisition of High-Specification Capesize Vessel NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2025. Second Quarter 2025 and Year-to-Date Highlights Dividend Declared a $0.15 per share dividend for Q2 202524th consecutive quarterly dividend Cumulative dividends of $6.915 per share or approximately 41% of our current sh
NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2025 on Thursday, August 7, 2025 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2025 on Wednesday, August 6, 2025 after the close of market trading. What:Second Quarter 2025 Conference CallWhen:Thursday, August 7, 2025 at 8:30 a.m. Eastern TimeLink:https://registrations.events/direct/Q4I91061357 To access the call by phone, please regis
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it has closed a $600 million revolving credit facility, amending its existing facility to provide significant capacity to pursue accretive growth opportunities among other uses. Key terms of the $600 million revolving credit facility include: Increased borrowing capacity by 50% or $200 million to $600 million in aggregateRepayment profile of 20 years with no commitment reductions until March 31, 2027 based on covenant complianceImproved pricing: margin reduc
Declares Dividend of $0.15 per share for Q1 2025Represents Genco's 23ʳᵈ Consecutive Quarterly Dividend Announces a $50 Million Share Repurchase Program Building on Long-Standing Dividend Strategy NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months ended March 31, 2025. First Quarter 2025 and Year-to-Date Highlights Dividend Declared a $0.15 per share dividend for Q1 202523ʳᵈ consecutive quarterly dividend Cumulative dividends of $6.765 per share or approximately 50%
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SC 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
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