GNK News and Press, Genco Shipping & Trading Limited New From 09/15/22

Summary Analysts were overly critical, since GNK's TCE rates remain stellar for FQ3'22, compared to pre-pandemic levels. GNK is also expected to report lower dry dockings in FQ3'22, potentially boosting its top and bottom lines ahead, with higher dividend payouts as well. Ther...

Summary GNK lost nearly 50% of its value from its June 2022 highs to its recent September lows. It also coincided with the substantial normalization of the global supply chain snafu. Therefore, we deduce the de-risking of GNK's valuation is justified, as the market anticipated a s...

NEW YORK, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed Dry Bulk and Container shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. The panels will take place at Capital Link’s 14th An...

Summary The U.S. stock market had a mixed record for dividends in August 2022. Month-over-month, dividend increases were up, and dividend cuts were down. There were 3,728 U.S. firms declaring dividends in August 2022. 12 companies cut their dividends in August 2022, falling by...

Summary Like other dry bulk shippers, GNK’s stock price movement is strongly correlated to global dry bulk shipping rates. GNK has in the past few months edged lower along with dry bulk shipping rates, presenting an opportunity to build a position at a cheap valuation. ...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The bear market of 2022 has many investors down. Not only have many lost money, but there are also fears that a recession is imminent. That would lead to further losses and an overall souring across society.  That...

The price of dry bulk shipping services continues to erode, and this trend is doing a number on dry bulk shipping stocks today. In the face of major benchmarks being generally in the green, shares of Golden Ocean Group Limited (NASDAQ: GOGL) are down 5.9% as of 12:30 p.m. ET, ...

Gainers: Intelligent Living Application Group ILAG +35% , RCM Technologies ( RCMT ) +22% , Sky Harbour Group ( SKYH ) +14% , HyreCar ( HYRE ) +10% , Asia Pacific Wire & Cable ( APWC ) +10% . Losers: 1847 Holdings ( EFSH ) -12% ...

Genco Shipping's forward dividend yield is 11.35%, with a low 38% dividend payout ratio. Management estimates that GNK will have lower drydocking expenses in Q3, and a higher dividend. It's selling at a 22% discount to Book Value. If you're looking for value in a high yi...

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...