GNKGenco Shipping & Trading Limited
Price
+48%1YEnd-of-day closes, not the intraday tick.
More going right than wrong
Quality mixed, no red flags, price roughly fair, growing in the filings, the market undecided.
We are a New York City-based pure-play drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, bauxite, steel products and other drybulk cargoes along worldwide shipping routes. After the expected delivery of two Newcastlemax vessels during March 2026 that we have agreed to acquire, our fleet will consist of 45 drybulk vessels, including two Newcastlemax and 17 Capesize vessels and 15 Ultramax and 11 Supramax vessels with an aggregate carrying capacity of approximately 5,044,000 deadweight tons (“dwt”) and an average age of 12.7 years.
In the company’s own words · 10-K filed Feb 18, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Genco Shipping & Trading Limited (GNK) reported revenue of $136M in Q2 2026 (quarter ended Jun 30, 2026), up 69% from the same quarter a year earlier. That came with a gross margin of 81% and net income of $17M (12% of revenue). For the full year FY2025, revenue was $342M (−19% year on year) and net income −$4.4M. Its largest segment in Q2 2026 was Major Bulk at $82M, 60% of the disclosed total, ahead of Minor Bulk at 40%. The next results filing is expected around Nov 4, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Sep 25, 2026On 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 October 1, 2025 between the Company and Computershare Inc., as amended to date (the “Rights …Material agreement entered · Form 8-K
- Aug 5, 2026Declares Dividend of $0.80 per Share for Q2 2026, a Record Value Strategy Dividend.Earnings release · press release
- Jun 2, 2026On June 2, 2026, Genco Shipping & Trading Limited (the “Company”) entered into the Third Amendment to Shareholders Rights Agreement (the “Third Amendment”) to amend the Shareholder Rights Agreement, dated as of October 1, 2025 between the Company and Computershare Inc., as amended to date (the “Rights Agreement”)Material agreement entered · Form 8-K
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Jun 2026 · $136.4MThe company’s own SEC segment disclosure.
- Major Bulk$81.8M60%
- Minor Bulk$54.7M40%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.