---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-008829"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T18:00:11.945142+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-008829
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036125008829/0001140361-25-008829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036125008829/ef20045297_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-008829
- JSON: https://secwatch.observer/filing/0001140361-25-008829.json
- Plain text: https://secwatch.observer/filing/0001140361-25-008829.txt

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