Genco Shipping estimates Q1 2025 TCE at ~$11,700/day on 95% of owned days

GENCO SHIPPING & TRADING LTD

Estimated TCE rate for Q1 2025: ~$11,700 per day for ~95% of owned available days (~3,450 total days).
Daily vessel operating expenses (DVOE) estimated at ~$6,500 per day based on 3,780 ownership days.
Freight rates in March 2025 have risen meaningfully, especially for Capesize vessels; company benefits from spot exposure.
Some Q1 fixture revenue (e.g., Brazil-China voyages) will be recognized in Q2 due to long ballast periods.

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.