secwatch / observer

GENCO SHIPPING & TRADING LTD — fact timeline

Source-grounded facts extracted from GENCO SHIPPING & TRADING LTD's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GNK GENCO SHIPPING & TRADING LTD JSON
Material Agreements

GENCO SHIPPING & TRADING LTD amended Third Amendment with Computershare Inc. (effective 2026-06-02).

“On June 2, 2026, Genco Shipping & Trading Limited (the “ Company ”) entered into the Third Amendment to Shareholders Rights Agreement (the “ Third Amendment ”) to amend the Shareholder Rights Agreement, dated as of October 1, 2025 between the Company and Computershare Inc., as amended to date (the “ Rights Agreement ”).”
Earnings Releases

GENCO SHIPPING & TRADING LTD updated its Q2 2026 guidance (raised).

“projections show a Q2 dividend of $0.70 per share, a 367% increase year-over-year”
Earnings Releases

GENCO SHIPPING & TRADING LTD reported three months ended March 31, 2026 results: revenue $114.4 million.

“diluted earnings per share of $0.21 o Adjusted net income of $11.3 million or basic and diluted earnings per share of $0.26 2 o Adjusted EBITDA: $36.2 million o Voyage revenues: $114.4 million ■ Net revenue 2 : $72.0 million 1 ■ Average daily fleet-wide TCE 2 : $19,346 per day, strongest Q1 since 2022 • Estimated Q2 2026 TCE to date o $23,939 for 66% of our owned fleet”
Debt Financings

GENCO SHIPPING & TRADING LTD amended revolving credit of $600 million revolving credit facility by $80 million for total borrowing capacity of $680 million with Nordea Bank Abp, New York Branch as Administrative Agent and Collateral Agent and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company.

“On February 27, 2026, Genco Shipping & Trading Limited (the “Company”) and certain of its vessel-owning and other subsidiaries acting as guarantors entered into a Sixth Amendment to Credit Agreement (the “Amendment”) with Nordea Bank Abp, New York Branch as Administrative Agent and Collateral Agent and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company as participating and consenting lenders to amend and upsize its $600 million revolving credit facility by $80 million for total borrowing capacity of $680 million through the existing accordion feature of the facility.”
Material Agreements

GENCO SHIPPING & TRADING LTD amended Sixth Amendment to Credit Agreement with Nordea Bank Abp, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company valued at Upsize of $600 million revolving credit facility by $80 million for total borrowing capacity of $680 (effective 2026-02-27).

“On February 27, 2026, Genco Shipping & Trading Limited (the “Company”) and certain of its vessel-owning and other subsidiaries acting as guarantors entered into a Sixth Amendment to Credit Agreement (the “Amendment”) with Nordea Bank Abp, New York Branch as Administrative Agent and Collateral Agent and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company as participating and consenting lenders to amend and upsize its $600 million revolving credit facility by $80 million for total borrowing capacity of $680 million through the existing accordion feature of the facility.”
Governance Changes

GENCO SHIPPING & TRADING LTD: Filed Statement of Designations designating 60,000 Series B Preferred Shares, effective October 1, 2025 (effective 2025-10-01).

“In connection with the adoption of the Rights Agreement, the Board approved a Statement of Designations of Series B Preferred Stock designating 60,000 Preferred Shares. The Company filed the Statement of Designations for the Preferred Shares on October 1 , 2025 with the Registrar of Corporations of the Republic of the Marshall Islands and the Statement of Designations became effective on such date.”
Governance Changes

GENCO SHIPPING & TRADING LTD: Fifth Amendment to Amended and Restated By-laws gives Lead Independent Director power to call special Board meetings (effective 2025-08-26).

“the Board adopted a Fifth Amendment to the Amended and Restated By-laws of the Company. The amendment provides that the Lead Independent Director has the power to call a special meeting of the Board.”
Debt Financings

GENCO SHIPPING & TRADING LTD amended revolving credit of $600 million with Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee; Nordea Bank Apb, New York Branch; Skandinaviska Enskilda Banken AB (PUBL); DNB Capital LLC; ING Capital LLC; CTBC Bank Co. Ltd.; First-Citizens Bank & Trust Company at 1.75% to 2.15% plus the Secured Overnight Financing Rate (SOFR) maturing July 2030.

“On July 10, 2025, Genco Shipping & Trading Limited, certain of its vessel-owning and other subsidiaries acting as guarantors entered into a Fifth Amendment to Credit Agreement (the “Amendment”) with Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, CTBC Bank Co. Ltd., and First-Citizens Bank & Trust Company as lenders to amend, extend, and upsize its $500 Million Revolver. The amended structure consists of a $600 million revolving credit facility (the “$600 Million Revolver”)”
Earnings Releases

GENCO SHIPPING & TRADING LTD reported the first quarter ended March 31, 2024 results: revenue $117.4 million, net income $18.8 million.

“of $1.8 million, a loss on sale of vessels of $1.0 million and unrealized fuel gains of $0.2 million o Adjusted EBITDA of $41.9 million for Q1 2024 2 • Voyage revenues: Totaled $117.4 million in Q1 2024 o Net revenue 2 was $76.7 million during Q1 2024 o Average daily fleet-wide TCE 2 was $19,219 for Q1 2024 • Estimated TCE to date for Q2 2024: $20,126 for 65% of our”

Paramita Das was appointed as director at GENCO SHIPPING & TRADING LTD.

“On March 4, 2024, the Board of Directors (the “Board”) of Genco Shipping & Trading Limited (the “Company”) Board appointed Paramita Das as a director of the Company.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.