GENCO SHIPPING & TRADING LTD
Genco Shipping & Trading is a New York City-based drybulk ship owner that transports commodities worldwide for customers including trading houses, producers and government-owned entities. Its cargoes include iron ore, coal, grain, bauxite, steel products and other drybulk goods. The fleet is organized into major bulk and minor bulk segments: Newcastlemax and Capesize vessels primarily carry iron ore, coal and bauxite, while Ultramax and Supramax vessels primarily carry grains, steel products and other drybulk cargoes. Genco makes money by employing vessels on spot market voyage charters, fixed-rate and spot market-related time charters, and contracts of affreightment. For voyage charters, it provides transportation between ports for a specified per-ton or lump-sum rate; time-charter customers pay a fixed daily rate and bear voyage expenses. Genco manages commercial and strategic fleet operations, while its technical management joint venture, GSSM, manages vessel maintenance, operations, crews and supplies.
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No SEC Form 4 filings for $GNK in the last 30 days.
See all $GNK insider activity →GENCO SHIPPING & TRADING LTD (GNK) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q3 2026 FINANCIAL RESULTS Declares Record Dividend of $1.05 per Share for Q3 2026 Projects Another Dividend of Greater Than $1 Per Share in Q4 2026 New York, New York, November 4, 2026 – Genco Shipping & Trading Limited (NYS
Genco Shipping & Trading (GNK) reported Q3 2026 net income of $38.0M. The company declared a record $1.05 per share dividend, 600% higher than Q3 2025, and projected a Q4 2026 dividend of over $1 per share. Adjusted EBITDA increased 214% YoY to $68.1M, with voyage revenues at $151.9M and net revenue at $104.6M.
Genco (GNK) reported fastest revenue growth among peers but stock is flat. Matson (MATX) beat estimates, stock up 12.4%. Pangaea (PANL) missed revenue expectations but stock rose 11.2%. Kirby (KEX) had slowest growth, stock down 5.6%. Scorpio Tankers (STNG) met revenue expectations, stock up 5.8%.
Over the past 7 days, AlphAI's AI scored 2 news stories mentioning GNK (GENCO SHIPPING & TRADING LTD). Coverage has skewed bullish: 2 bullish, 0 neutral, and 0 bearish.
Recent GNK coverage spans earnings, corporate actions and insider activity.
Strong earnings and dividend raise suggest upside pressure.
The record dividend signals strong cash flow and may attract income-focused investors, supporting short-term price upside.
Earnings showed strong top-line growth but no price reaction.
The announcement sets the timeline for investors to prepare for the upcoming earnings release.
Earnings already priced; no new catalyst.
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GENCO SHIPPING & TRADING LTD (GNK) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q3 2026 FINANCIAL RESULTS Declares Record Dividend of $1.05 per Share for Q3 2026 Projects Another Dividend of Greater Than $1 Per Share in Q4 2026 New York, New York, November 4, 2026 – Genco Shipping & Trading Limited (NYS
Genco Shipping & Trading (GNK) reported Q3 2026 net income of $38.0M. The company declared a record $1.05 per share dividend, 600% higher than Q3 2025, and projected a Q4 2026 dividend of over $1 per share. Adjusted EBITDA increased 214% YoY to $68.1M, with voyage revenues at $151.9M and net revenue at $104.6M.
Genco (GNK) reported fastest revenue growth among peers but stock is flat. Matson (MATX) beat estimates, stock up 12.4%. Pangaea (PANL) missed revenue expectations but stock rose 11.2%. Kirby (KEX) had slowest growth, stock down 5.6%. Scorpio Tankers (STNG) met revenue expectations, stock up 5.8%.
Genco Shipping & Trading Limited (GNK) will release its Q3 2026 financial results on Nov. 4 after market close and host an earnings call on Nov. 5 at 8:30 a.m. ET. The company operates 44 drybulk vessels transporting commodities like iron ore and coal, with an aggregate capacity of 5,117,000 dwt.
Pangaea reported $187.1M revenue, up 19.4% YoY, missing estimates. Scorpio Tankers reported $391.8M revenue, up 75.9%, meeting expectations. Genco reported $92.29M revenue, up 96.8%, slightly missing estimates. All stocks rose post-earnings.
GENCO SHIPPING & TRADING LTD (GNK) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. On September 25, 2026, Genco Shipping & Trading Limited (the “ Company ”) entered into the Fourth Amendment to Shareholders Rights Agreement (the “ Fourth Amendment ”) to amend the Shareholder Rights Agreement, dated as of Oct
Genco Shipping & Trading (GNK) declared a $0.80 per share dividend for Q2 2026, up 433% YoY, with plans for a Q3 dividend above $1 per share. The company reported net income of $16.6M in Q2 2026, up from a loss a year earlier, and adjusted EBITDA rose 297% YoY. Genco is expanding its fleet and maintaining a strong balance sheet, but faces rising debt and operating costs.
EuroDry (EDRY) reported a 57% revenue increase to $17.7M in Q2 2026, driven by a doubling of its average TCE rate to $20,398/day. Adjusted EBITDA rose to $11.7M, and net income turned positive at $6.6M. The company benefits from strong dry-bulk market demand and favorable charter rates. Star Bulk (SBLK) and Genco Shipping (GNK) also reported significant earnings improvements due to higher rates.
DIANA SHIPPING INC. sold 275,000 shares of GENCO SHIPPING & TRADING LTD (GNK) at an average of $26.38 ($26.02–$26.73, $7.26M total) across 3 trades over 2026-09-01 to 2026-09-02.
DIANA SHIPPING INC. sold 10,707 shares of GENCO SHIPPING & TRADING LTD (GNK) at an average of $26.10 ($26.00–$26.13, $0.28M total) across 2 trades over 2026-08-27 to 2026-08-28.
