GNK News and Press, Genco Shipping & Trading Limited New From 04/19/23

2023-04-19 17:08:07 ET Genco Shipping & Trading ( NYSE: GNK ) on Wednesday said its CFO Apostolos Zafolias would be stepping down. Zafolias is anticipated to serve in his current roles through June 15 and then as a consultant through Dec. 31 to assist with the transition, ...

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that Apostolos Zafolias, the C...

NEW YORK, April 19, 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 first quarter of 2023 on Thursday, May 4, 2023 at 8:30 a.m. Eastern Time. The conference call will also...

2023-04-16 20:24:19 ET Summary Genco has a generous and sustainable dividend policy that rewards shareholders with an annualized yield of 17% on the current stock price. GNK has a strong competitive advantage in the dry bulk shipping industry, with a diverse fleet of 44 vessels, a...

2023-04-08 03:42:59 ET Summary Genco Shipping owns a modern fleet of dry cargo vessels consisting of 27 Capesize and 17 Ultramax/Supramax vessels. I believe GNK stock has a fairly stable margin of safety, supported by the low order book and rising demand for dry bulk shipping serv...

2023-04-03 15:19:21 ET Summary We believe SBLK may still report excellent profitability in FQ1'23, attributed to the excellent contracted TCE rate of $15.12K and break even rate of $12K. Combined with the optimistic 1Y market-wide TCE rate of up to $18.5K, we reckon its intermedia...

2023-03-28 15:00:57 ET Summary Investors need not look far to obtain hints of dry bulker recovery, given GOGL's higher TCE rates in FQ2'23. FQ1'23 may be temporarily painful, due to its lower contracted TCE rates and impact from rising inflationary pressures/ elevated interest rat...

2023-03-26 09:15:00 ET Summary Genco Shipping pays a variable quarterly dividend - its forward yield is 12.85%, and its trailing yield is over 16%. Management has paid off 62% of the debt load since 2021, making GNK one of the few companies with lower interest expenses in a rising...

NEW YORK, NY / ACCESSWIRE / March 20, 2023 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day March Small-Cap Conference taking place Wednesday and Thursday, March 22-23, 2023. The links can also be found at www.sidoticonference.com/events . ...

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...