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Last $7.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

genco shipping & trading ltd (GSKNF) Snapshot

Open
$7.26
Previous Close
$7.25
Day High
$7.26
Day Low
$7.25
52 Week High
07/25/14 - $21.75
52 Week Low
04/14/15 - $6.65
Market Cap
446.6M
Average Volume 10 Days
23.4K
EPS TTM
--
Shares Outstanding
61.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GENCO SHIPPING & TRADING LTD (GSKNF)

genco shipping & trading ltd (GSKNF) Related Businessweek News

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genco shipping & trading ltd (GSKNF) 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 (GSKNF) Top Compensated Officers

President and Principal Executive Officer
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 (GSKNF) Key Developments

Genco Shipping & Trading Ltd. Presents at Jefferies 2015 Global Shipping Conference, Jun-17-2015

Genco Shipping & Trading Ltd. Presents at Jefferies 2015 Global Shipping Conference, Jun-17-2015 . Venue: The Pierre Hotel, New York, New York, United States.

Genco Shipping & Trading Seeks Acquisitions

Genco Shipping & Trading Ltd. (OTCBB:GSKN.F) is looking for acquisitions. The company has filed a Shelf Registration in the amount of $750 million and expects to use the net proceeds from the sale of the securities for general corporate purposes, including repayment or reduction of long-term and short-term debt, capital expenditures, working capital, and the financing of vessel purchase and other acquisitions and business combinations.

Genco Shipping & Trading Limited Enters into Agreements to Amend or Waive Certain Provisions of the Agreements for its Loan Agreement

Genco Shipping & Trading Limited (Genco) entered into agreements to amend or waive certain provisions of the agreements for its Loan Agreement, dated as of August 12, 2010 (as amended to date), by and among Genco as borrower, Genco Ocean Limited and the other subsidiaries of Genco named therein as guarantors, the banks and financial institutions named therein as lenders, and Credit Agricole Corporate and Investment Bank as agent and security trustee; and its Loan Agreement, dated as of August 20, 2010 (as amended to date), by and among Genco as borrower, Genco Aquitaine Limited and the other subsidiaries of Genco named therein as guarantors, the banks and financial institutions named therein as lenders, BNP Paribas, Credit Agricole Corporate and Investment Bank, DVB Bank SE, Deutsche Bank AG Filiale Deutschlandgeschaft, Skandinaviska Enskilda Banken AB (publ) as mandated lead arrangers, BNP Paribas, Credit Agricole Corporate and Investment Bank, DVB Bank SE, Deutsche Bank AG, Skandinaviska Enskilda Banken AB (publ) as swap providers, and Deutsche Bank Luxembourg S.A. as agent for the lenders and the assignee (the $253 Million Term Loan Facility). The agreements implement, among other things, the following: The existing covenant in each facility measuring Genco's ratio of net debt to EBITDA is replaced with a covenant requiring its ratio of total debt outstanding to value adjusted total assets (total assets adjusted for the difference between book value and market value of fleet vessels) to be less than 70%. Measurement of the interest coverage ratio under each facility is waived through and including December 31, 2016. The fleetwide minimum liquidity covenant has been amended to allow up to 50% of the required amount of $750,000 per vessel in cash to be satisfied with undrawn working capital lines with a remaining availability period of more than six months. Genco agreed to grant additional security for its obligations under the $253 Million Term Loan Facility, consisting of the four vessels known as the Genco Thunder, the Genco Raptor, the Genco Muse, and the Genco Challenger and related collateral. Consenting lenders under the two facilities received an upfront fee of 25 basis points on the amount of outstanding loans.

 

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GSKNF Competitors

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GSKNF

Industry Average

Valuation GSKNF Industry Range
Price/Earnings 0.1x
Price/Sales 0.2x
Price/Book 0.0x
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TEV/Sales NM Not Meaningful
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