Genco Shipping estimates Q4 2025 TCE at approx $20,000/day for 95% of available days

GENCO SHIPPING & TRADING LTD

Estimated TCE ~$20,000/day for ~95% of owned available days in Q4 2025.
Total owned fleet available days estimated at ~3,830 for Q4 2025.
Capesize fleet entirely spot/index; eight Capesizes expected open in December.
Revenue from certain Q4 voyages may be recognized in Q1 2026 due to ballast periods.

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