GENCO SHIPPING AND TRADING LTD (GNK)
Industrials · NYSE
Genco Shipping & Trading Limited is a New York City-based pure-play drybulk ship owner operating a fleet of 45 vessels (as of expected March 2026 deliveries) with a total carrying capacity of approximately 5.0 million…
What GENCO SHIPPING AND TRADING LTD does
Genco Shipping & Trading Limited is a New York City-based pure-play drybulk ship owner operating a fleet of 45 vessels (as of expected March 2026 deliveries) with a total carrying capacity of approximately 5.0 million deadweight tons. The company transports commodities including iron ore, coal, grain, bauxite, and steel products along worldwide shipping routes, with a fleet composition focused on Newcastlemax, Capesize (major bulk), and Ultramax/Supramax (minor bulk) vessels. It employs an active commercial strategy utilizing spot market employment, index-linked time charters, and longer-term fixed-rate contracts, with fleet deployment currently weighted toward short-term fixtures.
Themes: ["Drybulk shipping","Commodity seaborne transportation","Fleet ownership and operations","Shipping spot markets","Capital allocation / dividend returns"]
Fundamentals
- Price$24.31 as of 2026-07-09 close
- Market cap$1.0B as of 2026-07-10
- 1-year return+74.9% as of 2026-07-09 close
- P/E62.06 as of 2026-07-10
- Net margin+4.4% as of 2026-07-10
- Gross margin+39.2% as of 2026-07-10
- ROE+1.9% as of 2026-07-10
- Debt / equity0.36 as of 2026-07-10
- Revenue growth (YoY)+2.2% as of 2026-07-10
- Revenue CAGR (3y)-14.0% SEC XBRL
- Beta0.90 as of 2026-07-10
Dividend: yield +5.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Exposure to volatile drybulk shipping spot market rates and commodity trade flows, which directly impact voyage revenues and earnings","Fleet age and capital intensity: average fleet age of 12.7 years with significant ongoing vessel maintenance, drydocking, and potential asset impairments","Debt obligations and interest expense: long-term debt of $318.9 million as of March 31, 2026, with exposure to interest rate fluctuations on revolving credit facilities"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.