Genco Shipping (GNK) – Tune Into Virtual Transportation & Logistics Forum

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Thursday, December 16, 2021

Genco Shipping (GNK)
Tune Into Virtual Transportation & Logistics Forum

Genco Shipping & Trading Limited, incorporated on September 27, 2004, transports iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes through the ownership and operation of drybulk carrier vessels. The Company is engaged in the ocean transportation of drybulk cargoes around the world through the ownership and operation of drybulk carrier vessels. As of December 31, 2016, its fleet consisted of 61 drybulk carriers, including 13 Capesize, six Panamax, four Ultramax, 21 Supramax, two Handymax and 15 Handysize drybulk carriers, with an aggregate carrying capacity of approximately 4,735,000 deadweight tons (dwt). Of the vessels in its fleet, 15 are on spot market-related time charters, and 27 are on fixed-rate time charter contracts. As of December 31, 2016, additionally, 19 of the vessels in its fleet were operating in vessel pools.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Tune in to hear about Genco Shipping at today’s Transportation & Logistics online forum. CEO John Wobensmith and CFO Apostolos Zafolias will present at 1:00pm EST. Free registration is available at

    Presentation should highlight positive 2021 developments.  We expect the presentation to offer a positive view on the dry bulk market fundamentals, while highlighting record 3Q2021 operating results. There are several reasons that GNK remains well positioned, including a bar bell asset strategy that includes Capes and Ultras, solid progress on the fleet renewal program, a successful debt refinancing …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 


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