GNK News and Press, Genco Shipping & Trading Limited New From 05/30/23

2023-05-30 19:31:16 ET Summary Product tanker shipping rates remain elevated due to Russian sanctions. PXS now has a strong balance sheet due to windfall profits and gains from a recent ship sale. PXSAP offers a 2.6X covered 8.8% yield and trades at an 11% discount to par. ...

2023-05-22 12:00:00 ET Summary While the recent recovery in Capesize rates may be encouraging, we are uncertain if the trend may hold due to the potential moderation in China's iron ore imports. For now, SBLK has outperformed its peers with the low daily OPEX per vessel, triggerin...

2023-05-22 10:32:40 ET Genco Shipping & Trading ( NYSE: GNK ) named Peter Allen its new chief financial officer, succeeding Apostolos Zafolias, the company said on Monday. The appointment is effective June 16, 2023. Press Release . ...

NEW YORK, May 22, 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 the appointment of Peter Allen ...

2023-05-10 10:00:42 ET Summary Genco remains a stellar cyclical dry bulk stock to own in a well-diversified portfolio, especially given the projected forward dividend yield of 7.55% in 2023. Combined with the sustained balance sheet improvement and recovering FQ2'23 TCE rates, the...

2023-05-04 13:13:07 ET Genco Shipping & Trading Ltd (GNK) Q1 2023 Earnings Conference Call May 04, 2023, 08:30 ET Company Participants Peter Allen - SVP, Strategy & Finance John Wobensmith - CEO, President, Secretary & Director Apostolos Zafolias - CF...

2023-05-03 16:38:54 ET Genco Shipping press release ( NYSE: GNK ): Q1 GAAP EPS of $0.06 misses by $0.07 . Revenue of $94.39M (-30.7% Y/Y) beats by $38.42M . Net revenue (voyage revenues minus voyage expenses, charter hire expenses and realized gains or los...

2023-05-02 17:35:56 ET Major earnings expected after the bell on Wednesday include: QUALCOMM Incorporated ( QCOM ) Realty Income corporation ( O ) MercadoLibre ( MELI ) ETSY ( ETSY ) Fastly ( FSLY ) For further details see: Notable earning...

2023-04-25 15:38:06 ET Euronav ( NYSE: EURN ) is upgraded to Buy from Hold with a $22 price target, raised from $17, at Stifel, which said the uncertainty over a possible merger has been resolved and the stock can now be valued on its own merits. Stifel also expects Euronav ( ...

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, ...