other material
confidence high
sentiment positive
materiality 0.60
Genco Shipping guides Q1 TCE ~$18,900/day, sells two vessels for $47M
GENCO SHIPPING & TRADING LTD
- Estimated Q1 2024 fleet-wide TCE rate of ~$18,900/day for 92% of owned available days.
- Total owned fleet available days for Q1 2024 estimated at ~4,030.
- Reached agreement to sell Genco Claudius and Genco Maximus for $47M aggregate, up from prior $36.5M.
- Vessel deliveries expected at end of Q1 or early Q2 2024.