GNK News and Press, Genco Shipping & Trading Limited New From 08/09/22

There is finally clarity with the Navios Group. On 27 July, Navios Partners announced that it purchased the entire drybulk fleet from Navios Holdings. Following the closing of the deal, Navios Holdings will have exited direct fleet ownership. From now on, Navios Partners will be t...

Genco Shipping reported 2022-2Q results above our estimates but below consensus estimates. Net revenues were $100.9 million vs. $76.0 million last year, above our $97.1 million estimate but below the consensus estimate of $109.1 million. Adjusted EBITDA for the quarter was $64.2 million, up 28...

Genco Shipping & Trading Limited (GNK) Q2 2022 Earnings Conference Call August 04, 2022, 08:30 AM ET Company Participants John Wobensmith - CEO Apostolos Zafolias - CFO Peter Allen - SVP, Strategy and Finance Conference Call Participants Liam Burk...

Genco Shipping ( NYSE: GNK ) shares fell 6% in post-earnings move after the company posted soft guidance on average daily revenue of its vessels. Outlook: The dry bulk carrier said it estimates average daily fleet-wide time charter equivalent, or TCE, to date for Q3 ...

The following slide deck was published by Genco Shipping & Trading Limited in conjunction with their 2022 Q2 earnings call. For further details see: Genco Shipping & Trading Limited 2022 Q2 - Results - Earnings Call Presentation

Genco Shipping press release ( NYSE: GNK ): Q2 GAAP EPS of $1.10. Revenue of $137.76M (+13.9% Y/Y). Voyage revenues totaled $137.8 million Recorded EBITDA of $64.2 million during Q2 2022 2 Maintained a strong liquidity position of $269.5 million as of June ...

June 24-July 29, 2022 readers mentioned 40 equities in their comments. Some lamented bad-news, so bad-news investments (rogues) mixed with (mostly) favorites. (Thus, these are ReFa/Ro.). Ten analyst-target-estimated TOP-NET-GAIN reader fave/rogues, O, ARE, AEO, EGLE, GNK, CCU, HIMX, Z...

With the tanker sector finally on the rise after a difficult year-and-a-half, prices for newbuilds and secondhand tonnage are now "on a tear ," a new report from tanker broker Poten & Partners said, according to Splash247.com. VLCC newbuilding prices have climbed to $119M fr...

Two new Breakout Stocks for Week 31 with better than 10% short-term upside potential and a Dow 30 Pick. Average cumulative returns declined to +90.9% YTD. This week, one pick FXLV wiped out the weekly portfolio gains with their CEO termination and lowered revenue guidance ahead of Aug...

Genco Shipping & Trading Limited is the largest dry bulk shipping company headquartered in the U.S. The company benefited from surging shipping costs in 2021 and saw a 500% boost in Net Income year-over-year. Genco pays a monster 17% dividend, and thus is great for income inve...