Genco Shipping & Trading LTD

Market Movers (8-K)

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NYSE
Genco Shipping & Trading Limited has executed a Fourth Amendment to its Shareholders Rights Agreement, extending its expiration date and refining terms related to qualifying offers.
NYSE
Genco Shipping & Trading Limited announced robust second quarter 2026 financial results, highlighted by a significant increase in net income and a record dividend payout.
Better than expected
NYSE
Genco Shipping & Trading Limited has amended its Shareholder Rights Agreement, removing the 'Acting in Concert' definition to better align with shareholder feedback and corporate governance best practices.
NYSE
Genco Shipping & Trading Limited announced robust first quarter 2026 financial results, highlighted by a significant increase in dividends and fleet expansion.
Better than expected
NYSE
Genco Shipping & Trading Limited has amended its shareholder rights agreement to standardize the beneficial ownership threshold at 15%.
NYSE
Genco Shipping & Trading Limited has adopted an Employee Retention Plan to provide severance benefits to key employees in the event of a qualifying termination following a change in control.

Quarterly Earnings (10-Q)

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NYSE
Genco Shipping & Trading Limited's Q2 2026 results show a substantial increase in voyage revenues and operating income, driven by higher charter rates and fleet expansion.
Delay expected
Better than expected
NYSE
Genco Shipping & Trading Limited reported a return to profitability in Q1 2026 with net income of $9.3 million, driven by higher freight rates and fleet expansion.
Better than expected
Capital raise
NYSE
Genco Shipping & Trading Limited reported a net loss of $1.1 million for the third quarter of 2025, a significant decline from the prior year's profit, driven by lower freight rates and increased drydocking days.
Delay expected
Worse than expected
Capital raise
NYSE
Genco Shipping & Trading Limited reported a net loss for the second quarter and first half of 2025, driven by significantly lower drybulk freight rates, despite an increase in fleet utilization and reduced daily vessel operating expenses.
Capital raise
Worse than expected
NYSE
Genco Shipping & Trading's Q1 2025 results reveal a decrease in voyage revenues compared to Q1 2024, primarily due to lower freight rates and a smaller fleet.
Worse than expected
NYSE
Genco Shipping & Trading Limited announced a profitable third quarter of 2024, driven by increased charter rates and strategic fleet management.
Better than expected

Annual Reports (10-K)

NYSE
Genco Shipping & Trading Limited filed an amendment to its 2025 Annual Report to provide required Part III disclosures regarding executive compensation and corporate governance.
NYSE
Genco Shipping & Trading Limited reports a profitable 2024 driven by strong drybulk market conditions and outlines its strategy for fleet management, capital allocation, and regulatory compliance.
Better than expected
NYSE
Genco Shipping & Trading Limited's FY2023 report details a strategic focus on debt reduction, fleet expansion, and dividend payouts amidst a volatile drybulk market.
Worse than expected

Insider Trading (Form 4)

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NYSE
Diana Shipping Inc. reported changes in beneficial ownership of Genco Shipping & Trading Ltd common stock on August 27, 2026.
NYSE
Diana Shipping Inc. reported changes in beneficial ownership of Genco Shipping & Trading Ltd common stock on August 25, 2026.
NYSE
Karin Y Orsel, a Director of Genco Shipping & Trading Ltd, reported multiple transactions in common stock on August 24, 2026.
NYSE
Arthur L Regan, a Director of Genco Shipping & Trading Ltd, reported multiple transactions in common stock on August 24, 2026.
NYSE
Paramita Das, a Director of Genco Shipping & Trading Ltd, reported multiple transactions in common stock on August 24, 2026.
NYSE
Basil G Mavroleon, a Director of Genco Shipping & Trading Ltd, reported multiple transactions in common stock on August 24, 2026.

Proxy Statements (Def-14A)

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NYSE
Genco Shipping & Trading Limited responded to Diana Shipping Inc.'s intent to nominate six directors and reiterated its rejection of Diana's acquisition proposal, deeming it undervalued.
Worse than expected
NYSE
Genco Shipping & Trading Limited has filed a definitive proxy statement with the SEC.
NYSE
Genco Shipping & Trading will hold its 2025 Annual Meeting of Shareholders on May 20, 2025, to elect directors, approve executive compensation, and ratify the appointment of auditors.
Better than expected
NYSE
GK Investor LLC has withdrawn its nomination of Robert M. Pons for director and its shareholder proposal at Genco Shipping & Trading's upcoming Annual Meeting.
NYSE
Genco Shipping & Trading issued a statement regarding George Economou's withdrawal of his nominee for the Board of Directors, defending its corporate governance and reaffirming its commitment to its existing value strategy.
NYSE
Genco Shipping & Trading is urging shareholders to vote for its director nominees at the upcoming Annual Meeting, highlighting the company's comprehensive value strategy and strong first-quarter results amidst a proxy fight with George Economou.

Schedule 13D - Activist Investments

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NYSE
Diana Shipping Inc. has filed its final amendment to Schedule 13D, reporting a reduction in its beneficial ownership of Genco Shipping & Trading Ltd. to below 5% and marking an exit filing.
NYSE
Diana Shipping Inc. has reduced its stake in Genco Shipping & Trading Ltd, selling over 2.3 million shares in recent transactions.
NYSE
Diana Shipping Inc. has disclosed the sale of a substantial number of Genco Shipping & Trading Ltd. shares, reducing its beneficial ownership to 10.13%.
NYSE
Diana Shipping Inc. has reported significant open market sales of Genco Shipping & Trading Ltd. common stock, reducing its beneficial ownership to 11.62%.
NYSE
Diana Shipping Inc. has withdrawn its proposal to acquire Genco Shipping & Trading Limited, citing the Genco Board's 'outrageous demands' and misalignment with shareholder interests.
Worse than expected
NYSE
Diana Shipping Inc. and Star Bulk Carriers Corp. have mutually terminated their agreement for Star Bulk to acquire 16 Genco vessels, while Diana's offer to acquire Genco remains active.
Worse than expected
Delay expected

Schedule 13G - Passive Investments

NYSE
Kibo Investments Pte. Ltd. has reported a beneficial ownership of 3,707,208 shares, representing 8.5% of the common stock in Genco Shipping & Trading Ltd.
NYSE
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 6.6% beneficial ownership stake in Genco Shipping & Trading Ltd. as of September 30, 2025.
NYSE
Kibo Investments Pte. Ltd. has reported a 9.7% passive beneficial ownership stake in Genco Shipping & Trading Limited, holding 4,156,171 shares of common stock.
NYSE
BlackRock, Inc. has filed an Amendment No. 4 to its Schedule 13G, disclosing a passive beneficial ownership of 8.1% in Genco Shipping & Trading Ltd.'s common stock as of March 31, 2025.
NYSE
Kibo Investments Pte. Ltd. has disclosed a passive beneficial ownership of 7.3% in Genco Shipping & Trading Ltd., holding 3,130,326 ordinary shares.