GNK News and Press, Genco Shipping & Trading Limited New From 03/14/23

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) -- Senior executives from 29 shipping companies will participate on panels and presentations at Capital Link’s 17th Annual International Shipping Forum on Monday, March 20, 2023, at the Metropolitan Club in New York City. The event is org...

Summary More companies increased their dividends in February 2023 than in any of the preceding 229 months. As a general rule, when the number of dividend rises is high, the number of dividend reductions is low, and vice-versa. The reductions are predominantly concentrated in the U.S...

NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Senior executives from 29 shipping companies will participate on panels and presentations at Capital Link’s 17th Annual International Shipping Forum on Monday, March 20, 2023, at the Metropolitan Club in New York City. The event is organized ...

Genco Shipping & Trading Limited (GNK) Q4 2022 Results Conference Call February 23, 2023 08:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Apostolos Zafolias - Chief Financial Officer Peter Allen - SVP of Strategy Conference Call Part...

Summary Among the companies specializing in the mid-sized vessel category, EGLE is the company with the largest fleet. The company has been able to hold 70% of their Q4 TCE per day fixed at very similar rate as in Q3. EGLE scores higher on profitability ratios compared to its peers,...

Genco Shipping press release ( NYSE: GNK ): Q4 GAAP EPS of $0.67 beats by $0.03 . Revenue of $76.01M (-58.5% Y/Y) misses by $0.21M . Recorded net income of $28.7 million for the fourth quarter of 2022. Voyage revenues totaled $127.0 million and net revenue tot...

Summary Genco Shipping's strong dividend yield of 11% builds a solid base for the investment case here. The upside potential in market capitalization is a good option for investors. Low debt levels decrease risk in a high interest rate environment compared to Genco's industry peers....

Summary Prior to January 31, 2023 readers mentioned 33 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: ABR, EFC, ORAN, SQM, FSK, VFC, GNK, BTI, ...

Summary GNK stock continues to reflect too much optimism, despite the declining BDI rates and uncertain macroeconomic outlook. While the stock offered a higher forward dividend yield than its peers, we reckon its older dry bulk fleets and lower profit margins remained headwinds to its f...

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...