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Last $5.57 USD
Change Today +0.02 / 0.36%
Volume 139.4K
GNK On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

genco shipping & trading ltd (GNK) Snapshot

Open
$5.53
Previous Close
$5.55
Day High
$5.61
Day Low
$5.10
52 Week High
09/3/14 - $21.50
52 Week Low
08/24/15 - $5.00
Market Cap
406.0M
Average Volume 10 Days
65.8K
EPS TTM
$13.19
Shares Outstanding
72.9M
EX-Date
--
P/E TM
0.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for GENCO SHIPPING & TRADING LTD (GNK)

genco shipping & trading ltd (GNK) Related Businessweek News

No Related Businessweek News Found

genco shipping & trading ltd (GNK) Details

Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels worldwide. It transports iron ore, coal, grain, steel products, and other drybulk cargoes. The company charters its vessels primarily to trading houses, which include commodities traders; producers; and government-owned entities. Its fleet consists of 53 drybulk carriers, including 9 Capesize, 8 Panamax, 17 Supramax, 6 Handymax, and 13 Handysize drybulk carriers with an aggregate carrying capacity of approximately 3,810,000 deadweight tons (dwt). The company, through its subsidiary, Baltic Trading Limited, operates a fleet of four Capesize, two Ultramax, four Supramax, and five Handysize drybulk carriers with an aggregate carrying capacity of approximately 1,221,000 dwt. Genco Shipping & Trading Limited was incorporated in 2004 and is based in New York, New York.

1,564 Employees
Last Reported Date: 04/30/15
Founded in 2004

genco shipping & trading ltd (GNK) Top Compensated Officers

Principal Executive Officer and President
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $370.0K
Chief Accounting Officer, Controller and Trea...
Total Annual Compensation: $462.0K
Compensation as of Fiscal Year 2014.

genco shipping & trading ltd (GNK) Key Developments

Genco Shipping & Trading Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Third Quarter of 2015 and for the Fourth Quarter of 2015

Genco Shipping & Trading Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The Company recorded a net loss attributable to company for the second quarter of 2015 of $40.3 million, or $0.67 basic and diluted net loss per share. Comparatively, for the three months ended June 30, 2014, the Company recorded a net loss attributable to company of $60.5 million, or $1.39 basic and diluted net loss per share. The company's revenues decreased to $34.6 million for the three months ended June 30, 2015, compared to $52.4 million for the three months ended June 30, 2014. The decrease was primarily due to lower rates achieved by the vessels in fleet during the second quarter of 2015 versus the same period last year. Operating loss was $46.2 million against $26.55 million reported last year. Loss before reorganization items, net was $50.9 million against $45.1 million reported last year. EBITDA loss was $15.55 million against $5.14 million reported last year. The company recorded a net loss attributable to company of $78.8 million or $1.30 basic and diluted net loss per share for the six months ended June 30, 2015, compared to a net loss attributable to company of $99.6 million or $2.29 basic and diluted net loss per share for the six months ended June 30, 2014. Revenues decreased to $69.0 million for the six months ended June 30, 2015 compared to $116.4 million for the six months ended June 30, 2014 due to lower spot market rates achieved by the majority of vessels partially offset by the increase in the size of fleet. Operating loss was $120 million against $47.3 million reported last year. Loss before reorganization items, net was $129 million against $86.9 million reported last year. EBITDA loss was $29.7 million against EBITDA of $13.4 million reported last year. Net cash used in operating activities for the six months ended June 30, 2015 and 2014 was $29.8 million and $23.1 million, respectively. For the third quarter of 2015, the company estimate its capital expenditures related to drydocking for fleet to be $6.5 million. For the fourth quarter of 2015, the company estimate its capital expenditures related to drydocking for fleet to be $3.8 million.

Genco Shipping & Trading Ltd. to Report Q2, 2015 Results on Aug 04, 2015

Genco Shipping & Trading Ltd. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 04, 2015

Genco Shipping & Trading Ltd., Q2 2015 Earnings Call, Aug 05, 2015

Genco Shipping & Trading Ltd., Q2 2015 Earnings Call, Aug 05, 2015

 

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