---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-052113"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:53:06.541306+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping Q3 net loss $32M; declares $0.15 dividend, acquires Capesize for $43.1M, secures $500M revolver

## Summary
- Net loss of $32.0M ($0.75 loss/share) includes $28.1M non-cash vessel impairment; adjusted net loss $3.9M.
- Revenue $83.4M, TCE $12,082/day vs $23,624/day in Q3 2022.
- Declared $0.15 per share dividend for Q3, 17th consecutive quarterly dividend.
- Agreed to acquire 2016-built scrubber-fitted Capesize Genco Ranger for $43.1M, delivery expected Q4 2023.
- Received commitments for $500M revolving credit facility with reduced margin (1.85%-2.15%+SOFR) and maturity extended to 2028.

## SEC filing metadata
- accession: 0001140361-23-052113
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1326200/000114036123052113/0001140361-23-052113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036123052113/ef20014224_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-052113
- JSON: https://secwatch.observer/filing/0001140361-23-052113.json
- Plain text: https://secwatch.observer/filing/0001140361-23-052113.txt

## Key facts
- Earnings Releases
  GENCO SHIPPING & TRADING LTD reported financial results for the three months and nine months ended September 30, 2023.
  - Period: the three months and nine months ended September 30, 2023
  - Result: reported results
  source text: Attached and incorporated herein by reference as Exhibit 99.1 is a copy of a press release of Genco Shipping & Trading Limited (the “Company”), dated November 8, 2023, reporting the Company’s financial results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036123052113/0001140361-23-052113-index.htm

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