---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-037967"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:45:23.673474+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genco Q2 net income $11.6M ($0.27 EPS); declares $0.15 dividend

## Summary
- Net income $11.6M ($0.27 basic EPS) vs $47.4M ($1.12) YoY; revenue $90.6M down 34% from $137.8M.
- TCE rate $15,556/day vs $28,756/day YoY; fleet-wide DVOE $5,641/day vs $7,358/day.
- Q2 2023 dividend $0.15/share payable Aug 23; 16th consecutive quarterly dividend.
- Voluntarily repaid $8.75M debt in Q2; total debt paydown $295.7M (66%) since 2021.
- Liquidity $260.9M ($53.9M cash + $207M revolver); net LTV 11% as of Aug 3.

## SEC filing metadata
- accession: 0001140361-23-037967
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036123037967/0001140361-23-037967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036123037967/brhc20056899_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-037967
- JSON: https://secwatch.observer/filing/0001140361-23-037967.json
- Plain text: https://secwatch.observer/filing/0001140361-23-037967.txt

## Key facts
- Earnings Releases
  GENCO SHIPPING & TRADING LTD reported the three months and six months ended June 30, 2023 results: EPS $0.15 per share.
  - Period: the three months and six months ended June 30, 2023
  - EPS: $0.15 per share
  - Result: reported results
  source text: Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036123037967/0001140361-23-037967-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.