GNK News and Press, Genco Shipping & Trading Limited New From 02/03/23

Summary EGLE may further ride immense tailwinds for TCE rate recovery moving forward, buoyed by China's reopening cadence and growth in demand for coal/grains by 2023. The company also persisted in its strategic vessel renewal and growth program since 2017, divesting older Supramaxes wh...

Summary Value Investor's Edge Live returns in 2023 with an exclusive interview focused on the dry bulk segment of the shipping industry. Gary Vogel, CEO of Eagle Bulk, joined us on 17 January 2023, to discuss the latest trends in the market along with specific company strategy and capit...

NEW YORK, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the fourth quarter of 2022 on Thursday, February 23, 2023 at 8:30 a.m. Eastern Time. The conference call wil...

Summary Policymakers in China are aiming for GDP growth of up to 6% in 2023, with Hebei potentially ramping up steel manufacturing output after three years of Zero Covid Policy. The potential reversal in housing policy from pre-sale purchases to after-construction sales may also bo...

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered dry bulk shipowner focused on the global transportation of commodities, today announced that it will participate in Ca...

Summary Prior to December 30, 2022, readers mentioned 40 equities in their recent 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 Re/Fa/Ro: OILK, VZ, EARN, WBA, HIMX, ...

Summary While the Baltic Dry Index has plunged tragically, we are confident that TCE rates may recover moderately, attributed to the 30Y record low order book and slower steaming in 2023. Peak recessionary fears may contribute to lower rates and volume in Q1'23, but numbers may rebound ...

NEW YORK, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Capital Link is hosting a series of online Corporate Presentations, whereby the Senior Management teams of leading listed maritime companies will present their business development, strategy, growth prospects, and overall sector outlook. The prese...

Summary Due to the continuing global recession, the dry bulk market outlook is not strong. Based on the CCA method, compared to other dry bulk stocks, SBLK stock price has a 10% downside potential. However, recent measures by the Chinese authorities may support the demand for dry bu...

Summary Due to the high inflation rates, COVID-19, and the continuing war in Ukraine, the global recession likely will continue hurting the demand for dry bulk commodities. However, the measures of the Chinese government and central bank should support iron ore demand. In a vulnerab...