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Companies → Genco Shipping & Trading Limited
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Genco Shipping & Trading Limited

United States, New York
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Description
Marine transportation company Genco Shipping & Trading transports dry cargo in a wet environment. The company maintains a fleet of about 50 oceangoing dry bulk carriers, which it charters mainly on long-term contracts to shippers of bulk commodities and marine transportation companies. Its fleet has an overall capacity of almost 4 million deadweight tons (DWT). Genco Shipping's vessels transport cargo such as coal, grain, iron ore, and steel products. More than half of its vessels are on time-charter contracts. Customers have included BHP Billiton, Lauritzen Bulkers, and NYK; clients Cargill and Pacific Basin Shipping make up about 10% of the company's revenues. Genco Shipping & Trading was founded in 2004.
Industries
SIC
Address:

299 Park Ave Rm 1200 New York

NY

10171-3806 United States

Website:
Revenue
Recent news:

Genco Shipping Board Open to Diana Offer Under Specific Conditions

Genco Shipping's board is open to a potential deal with Diana, but only if the offer properly values the company, as it engages financial and legal advisors.

Source: IndexBox Mar 22, 2026

Genco Shipping Rejects Diana Proposal Over Valuation Concerns

Genco Shipping rejects Diana's revised offer, citing undervaluation based on NAV estimates, Q1 2026 cash flows, and a separate vessel sale agreement with Star Bulk.

Source: IndexBox Mar 21, 2026

Diana vs. Genco: Dry Bulk Merger Stalemate Escalates to Shareholder Battle

An article detailing the escalating stalemate in the proposed merger between Diana Shipping and Genco Shipping & Trading, including rejected offers, financing disputes, and a planned proxy fight.

Source: IndexBox Mar 21, 2026

Auto & Transport Roundup: Market Talk

Find insight on Diana Shipping, Genco Shipping & Trading, Uber and more in the latest Market Talks covering Auto and Transport.

Source: The Wall Street Journal Mar 20, 2026

Here's Why Investors Should Bet on Genco Shipping Stock Right Now

GNK rides on fleet expansion, strong liquidity and shareholder payouts, fueling a 65% surge and bullish outlook as earnings estimates climb.

Source: Zacks Mar 20, 2026

Genco Rejects Revised Takeover Proposal From Diana Shipping

Genco said the offer undervalues the company and wouldn’t appropriately compensate Genco shareholders.

Source: The Wall Street Journal Mar 19, 2026

NYSE - Delayed Quote - USD
GNK
21.60 -0.94 (-4.17%)
At close March 20 20:00 UTC
22.10 +0.50 (+2.31%)
After hours: March 20 23:55 UTC
Candle
Line
1D
5D
1M
6M
1Y
5Y
Financial Statistics
Valuation Measures
Current
Quarterly
As of 02/26/2026
Market Cap: 743.20 M
Enterprise Value: 806.72 M
Trailing P/E: 49.43
Forward P/E: 15.17
PEG Ratio (5yr expected): N/A
Price/Sales (ttm): 2.14
Price/Book (mrq): 0.83
Enterprise Value/Revenue: 2.30
Enterprise Value/EBITDA: 8.26
Financial Highlights
Profitability and Income Statement
Profit Margin: -1.28%
Return on Assets (ttm): 0.46%
Return on Equity (ttm): -0.50%
Revenue (ttm): 342.05 M
Net Income Avi to Common (ttm): -4.37 M
Diluted EPS (ttm): -0.10
Balance Sheet and Cash Flow
Total Cash (mrq): 55.54 M
Total Debt/Equity (mrq): 21.68%
Levered Free Cash Flow (ttm): -1.15 M
Company is likely to buy
Company is likely to sell
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