Genco Shipping & Trading to Acquire Two High-Specification Newcastlemax Vessels [Yahoo! Finance]
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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gencoshipping.com
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Source: Yahoo! Finance
NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase price of $145.5 million. Genco expects to take delivery of the vessels during the first quarter of 2026 and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility. John C. Wobensmith, Chairman and Chief Executive Officer, commented, “We are pleased to acquire two more high quality, premium earning vessels, underscoring Genco's continued success executing our growth strategy. Including this most recent agreement, our investment in modern fuel-efficient Capesize and Newcastlemax tonnage will total $343 million over the last two years, enhancing the age profile of our asset base and improving our earnings and dividend c
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News
- Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.GlobeNewswire
- Genco Shipping & Trading to Acquire Two High-Specification Newcastlemax VesselsGlobeNewswire
- Genco Shipping & Trading Limited Adopts Amendment to Limited Duration Shareholder Rights Plan to Protect the Best Interests of ShareholdersGlobeNewswire
- Genco Shipping & Trading Limited Announces Q3 2025 Financial ResultsGlobeNewswire
- Investors in Genco Shipping & Trading (NYSE:GNK) have seen splendid returns of 204% over the past five years [Yahoo! Finance]Yahoo! Finance
GNK
Earnings
- 11/5/25 - Miss
GNK
Sec Filings
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- GNK's page on the SEC website