---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-057663"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T12:35:24.650266+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping estimates Q4 2023 TCE rate of ~$17,200/day; expects $3M charge from vessel sale

## Summary
- Estimated Q4 2023 TCE rate of approx. $17,200/day for ~95% of owned available days.
- Total owned fleet available days for Q4 estimated at 4,075 days.
- Freight rates increased meaningfully since mid-November, benefiting spot market exposure.
- Expects non-cash charge of ~$3M in Q4 from sale of Genco Commodus.

## SEC filing metadata
- accession: 0001140361-23-057663
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036123057663/0001140361-23-057663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036123057663/ef20016608_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-057663
- JSON: https://secwatch.observer/filing/0001140361-23-057663.json
- Plain text: https://secwatch.observer/filing/0001140361-23-057663.txt

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