Genco Shipping & Trading Limited (GNK) Research
Genco Shipping & Trading Limited, along with its associated companies, is a global participant in the maritime transport industry, focusing on the delivery of dry bulk commodities across the world's oceans. The firm owns and operates a fleet of dry bulk carrier vessels, which are utilized to convey various materials, including iron ore, coal, grains, steel products, and other loose bulk cargoes. These ships are predominantly leased to a range of clients such as major commodities traders, industrial producers, and state-owned organizations. As of December 31, 2021, Genco's fleet was composed of 44 dry bulk carriers, specifically featuring 17 Capesize, 15 Ultramax, and 12 Supramax vessels, collectively capable of transporting approximately 4,636,000 deadweight tons. Established in 2004, Genco Shipping & Trading Limited maintains its principal office in New York, New York.
Market snapshot
- Symbol
- GNK
- Price
- $23.68
- Day change
- +1.50%
- Market cap
- $1.0B
- P/E ratio
- 61.36x
- 52-week range
- 12.835-27.25
- Sector
- Industrials
- Industry
- Marine Shipping
- Next earnings
- in 2 months
- Analyst price target
- $29.00
Recent news
- Genco Shipping & Trading rejects Diana Shipping takeover offer
Genco Shipping and Trading (NYSE:GNK) has told shareholders to reject an unsolicited tender offer from Diana Shipping Inc., with its board concluding that the bid undervalues the drybulk shipping company's assets and business and fails to provide a control premium. The board reiterated its unanimous opposition to the offer on two grounds: that the price does not reflect the underlying value of Genco's fleet and operating platform, and that it carries no premium for control of one of the larger US-listed drybulk owners.
- Genco Shipping & Trading rejects Diana Shipping takeover offer
Genco Shipping and Trading (NYSE:GNK) has told shareholders to reject an unsolicited tender offer from Diana Shipping Inc., with its board concluding that...
- Genco Board Unanimously Rejects Diana Shipping's Latest Buyout Offer
Genco Shipping & Trading's board has unanimously rejected Diana Shipping's revised unsolicited buyout offer, saying the offer continues to meaningfully undervalue the company and its assets.
Peer companies
- Ardmore Shipping Corporation (ASC)
- Bowman Consulting Group Ltd. (BWMN)
- Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)
- Graham Corporation (GHM)
- Kimball Electronics, Inc. (KE)
- Matthews International Corporation (MATW)
- Nordic American Tankers Limited (NAT)
- Safe Bulkers, Inc. (SB)
Recent insider activity
- HAINES KATHLEEN C — A-Award (299.31 shares) on 2026-05-26
- HAINES KATHLEEN C — A-Award (227.17 shares) on 2026-05-26
- HAINES KATHLEEN C — A-Award (193.51 shares) on 2026-05-26
- HAINES KATHLEEN C — A-Award (134.62 shares) on 2026-05-26
- HAINES KATHLEEN C — A-Award (125.21 shares) on 2026-05-26
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