Genco Q2 net loss $6.8M; declares $0.15 dividend; acquires Capesize for $63.6M

GENCO SHIPPING & TRADING LTD

2025-Q2 EPS reported -$0.43 revenue$152,208,000

Q2 net loss of $6.8M ($0.16/sh) vs net income of $23.5M ($0.54/sh) year ago; revenue down 24% to $80.9M.
Declared $0.15/sh dividend for Q2, 24th consecutive quarterly payout; record date Aug 18, payable Aug 25.
Agreed to buy a 2020-built scrubber-fitted Capesize (Genco Courageous) for $63.6M; delivery Sep-Oct 2025.
Closed $600M revolving credit facility (up from $400M) with improved pricing & no commitment cuts until Mar 2027.
Estimated Q3 2025 TCE of $15,926/day for 70% of fleet; Capesize TCE $20,951/day.

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