OverviewSuggest Edit

Genco Shipping & Trading Limited is an international ship owning company. The Сompany transports iron ore, coal, grain, steel products and other dry-bulk cargoes along worldwide shipping routes. Its wholly owned modern fleet of dry cargo vessels consists of Panamax, Handymax and Handysize vessels that provide an essential link in international trade.
TypePublic
Founded2004
HQNew York, NY, US
Websitegencoshipping.com

Latest Updates

Employees (est.) (Dec 2019)1,255(-6%)
Revenue (FY, 2020)$355.6 M(-8%)
Share Price (Nov 2021)$15.5(-2%)
Cybersecurity ratingAMore
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Key People/Management at Genco Shipping & Trading

Robert Hughes

Robert Hughes

Chief Operations Officer
John C. Wobensmith

John C. Wobensmith

President
Apostolos Zafolias

Apostolos Zafolias

Chief Financial Officer
Joseph Adamo

Joseph Adamo

Chief Accounting Officer
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Genco Shipping & Trading Office Locations

Genco Shipping & Trading has offices in New York, København and Singapore
New York, NY, US (HQ)
299 Park Ave
København, DK
Sundkrogskaj 16
Singapore, SG
41 Raffles Quay
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Genco Shipping & Trading Financials and Metrics

Genco Shipping & Trading Revenue

Genco Shipping & Trading's revenue was reported to be $355.56 m in FY, 2020
USD

Revenue (Q1, 2021)

87.6m

Gross profit (Q1, 2021)

68.5m

Gross profit margin (Q1, 2021), %

78.3%

Net income (Q1, 2021)

2.0m

EBIT (Q1, 2021)

6.3m

Market capitalization (12-Nov-2021)

666.2m

Closing stock price (12-Nov-2021)

15.5

Cash (31-Mar-2021)

123.2m

EV

944.7m
Genco Shipping & Trading's current market capitalization is $666.2 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

141.2m25.1m(157.8m)(157.0m)(213.4m)(254.4m)(217.8m)(58.7m)(32.9m)(56.0m)(225.6m)

Depreciation and Amortization

115.7m136.2m139.1m140.7m36.7m79.6m76.3m71.8m69.0m72.8m65.2m

Inventories

22.4m(14.2m)2.3m5.6m

Accounts Payable

10.0m1.1m(4.9m)2.8m28.2m1.9m(5.3m)1.5m2.6m13.2m(17.4m)
USDQ2, 2010

Financial Leverage

2.2 x
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Genco Shipping & Trading Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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Genco Shipping & Trading Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Genco Shipping & Trading Online and Social Media Presence

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Genco Shipping & Trading News and Updates

Genco Shipping & Trading Limited Signs Call to Action for Shipping Decarbonization

NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that the Company has become a signatory to the Call to Action for Shipping Decarbonization (“Call to Action”) alongside over 160 industry leaders across the maritime value chain.

Genco Shipping & Trading Limited to Participate in the H.C. Wainwright 23rd Annual Global Investment Conference

NEW YORK, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strategy & Finance, are scheduled to present at t…

Genco Shipping & Trading Limited to Participate in the Sidoti Virtual Investor Conference

NEW YORK, June 17, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strategy & Finance, are scheduled to present at th…

Genco Shipping & Trading Limited to Jointly Study Ammonia as an Alternative Marine Fuel

NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), today announced that it has entered into an initial framework to jointly study the feasibility of ammonia as an alternative marine fuel as part of the objective to decarbonize th…

Genco Shipping & Trading Limited to Acquire Two Modern, Fuel-Efficient Ultramax Vessels

Fixed Two Additional Vessels on Period Time Charters, Securing Cash Flows at Attractive Levels Fixed Two Additional Vessels on Period Time Charters, Securing Cash Flows at Attractive Levels

Genco Shipping & Trading Limited to Acquire Modern, Fuel-Efficient Ultramax Vessel

NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco”) today announced that it has entered into an agreement to acquire a 2016-built 64,000 dwt Ultramax vessel constructed at Zhejiang Yangfan shipyard in China. The vessel, to be renamed Genco Enterpr…
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Genco Shipping & Trading Blogs

Genco Columbia

Genco Columbia azafolias Tue, 09/18/2018 - 12:44 Vessel Type Ultramax Vessel Deadweight 60294 dwt Vessel Year Built 2016

Genco Liberty

Genco Liberty azafolias Tue, 09/18/2018 - 12:43 Vessel Type Capesize Vessel Deadweight 180387 dwt Vessel Year Built 2016

Genco Defender

Genco Defender azafolias Tue, 09/18/2018 - 12:42 Vessel Type Capesize Vessel Deadweight 180377 dwt Vessel Year Built 2016

Genco Shipping & Trading Frequently Asked Questions

  • When was Genco Shipping & Trading founded?

    Genco Shipping & Trading was founded in 2004.

  • Who are Genco Shipping & Trading key executives?

    Genco Shipping & Trading's key executives are Robert Hughes, John C. Wobensmith and Apostolos Zafolias.

  • How many employees does Genco Shipping & Trading have?

    Genco Shipping & Trading has 1,255 employees.

  • What is Genco Shipping & Trading revenue?

    Latest Genco Shipping & Trading annual revenue is $355.6 m.

  • What is Genco Shipping & Trading revenue per employee?

    Latest Genco Shipping & Trading revenue per employee is $283.3 k.

  • Who are Genco Shipping & Trading competitors?

    Competitors of Genco Shipping & Trading include Viking Line, JW Logistics and LSC.

  • Where is Genco Shipping & Trading headquarters?

    Genco Shipping & Trading headquarters is located at 299 Park Ave, New York.

  • Where are Genco Shipping & Trading offices?

    Genco Shipping & Trading has offices in New York, København and Singapore.

  • How many offices does Genco Shipping & Trading have?

    Genco Shipping & Trading has 3 offices.