---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-027459"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:38:22.786414+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-027459
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036124027459/0001140361-24-027459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036124027459/ef20030012_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-027459
- JSON: https://secwatch.observer/filing/0001140361-24-027459.json
- Plain text: https://secwatch.observer/filing/0001140361-24-027459.txt

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