Genco updates vessel sale gain of ~$13M and provides Q2 fleet TCE estimate of $19k/day

GENCO SHIPPING & TRADING LTD

Received $3.7M in deposits from prior vessel buyers; expects ~$13M gain on sale of Genco Claudius and Genco Maximus in Q2 2024.
Estimates fleet-wide TCE rate for Q2 2024 at ~$19,000/day for ~85% of owned available days (~3,800 days).
Daily vessel operating expenses estimated at ~$6,500/day for Q2 2024 based on 3,937 ownership days.
Long-haul Capesize voyages to Brazil-China will shift revenue recognition largely to Q3 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.