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In my inaugural survey of operating costs in the dry cargo shipping industry, I found that Safe Bulkers ( SB ), Star Bulk Carriers ( SBLK ), and Genco Shipping & Trading ( GNK ) have consistently achieved lower operating costs than Scorpio Bulkers ( SALT ), Eagle Bulk Shipping ( EGLE ), an...
Note: This report was published July 17, 2020, on Value Investor's Edge. Overview During 2009-2018, shipping was defined by a massive bear market which saw fleeting bull runs. But shipping is highly cyclical. This cyclicality hit a tipping point in 2018, when we began ushering in a...
Genco Shipping & Trading Limited (GNK) Q2 2020 Earnings Conference Call August 6, 2020 9:00 AM ET Company Participants John Wobensmith - President & Chief Executive Officer Apostolos Zafolias - Chief Financial Officer Peter Allen - Senior Vice President, Strategy & Fi...
Adjusted 2Q2020 EBITDA of $3.3 million was below our estimate of $6.3 million, mainly due to lower than expected TCE rates of $6.7k/day, or ~$900 below our estimate. In contrast to 1Q2020, operating results were not insulated from weak market conditions with forward cover of 62% of 2Q2020 days b...
The following slide deck was published by Genco Shipping & Trading Limited in conjunction with their 2020 Q2 earnings Read more ...
Genco Shipping (NYSE: GNK ) : Q2 GAAP EPS of -$0.43 beats by $0.07 . More news on: Genco Shipping & Trading Limited, Earnings news and commentary, Consumer stocks news, Read more ...
It's a good day for the shipping sector, with stronger-than-expected earnings reports and analyst upgrades fueling strong gains for transportation stocks . Shares of U.S. Xpress Enterprises (NYSE: USX) were up 23% as of 1 p.m. EDT, while C.H. Robinson Worldwide (NASDAQ: CHRW) and Genc...
Key Takeaway The freight rates during H1 2020 plummeted to levels below operating expenses reflecting a challenging dry bulk market. The magnitude of the market disruption was so significant that the Baltic Capesize index ((BCI)) was trading in negative territory for quite a few weeks in Q...
NEW YORK, July 20, 2020 (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 second quarter of 2020 on Thursday, August 6, 2020 at 9:00 a.m. Eastern Time. The conference call ...
NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) today announced that it has changed the location of its 2020 Annual Meeting of Shareholders to be held at 10:00 a.m. on Wednesday, July 15, 2020...
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2024-07-22 00:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
NEW YORK, July 16, 2024 (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 second quarter of 2024 on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. The conference call will a...
2024-07-01 23:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...