Paramita Das
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.
Highest-materiality recent filing
Genco Q1 net income $9.3M; dividend $0.35/share, up 133% YoY; Q2 dividend projected $0.70/share
Q1 net income $9.3M ($0.21 EPS); adjusted net income $11.3M ($0.26 adj. EPS).
Genco declares $0.50/share Q4 dividend; Q4 adj. EBITDA $42M, highest since 2022
Declared $0.50/share dividend for Q4 2025, highest since Q4 2022; payable March 18, 2026, record March 11, 2026.
Genco Shipping estimates Q4 2025 TCE at approx $20,000/day for 95% of available days
Estimated TCE ~$20,000/day for ~95% of owned available days in Q4 2025.
Genco posts Q3 net loss $1.1M, declares $0.15/share dividend; Q4 TCE estimate >$20k
Net loss $1.1M ($0.02/sh) vs net income $21.5M ($0.50/sh) in Q3 2024; adjusted net loss $0.4M.
Genco Q2 net loss $6.8M; declares $0.15 dividend; acquires Capesize for $63.6M
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.
Genco Shipping upsizes credit facility to $600M, extends maturity to July 2030
Revolver increased to $600M from $400M (50% raise); total facility moves from $500M to $600M.
Genco Shipping Q1 net loss $11.9M; launches $50M buyback program
Q1 net loss of $11.9M ($0.28 per share) vs net income of $18.8M ($0.44) a year ago.
Q4 net income $12.7M ($0.29 EPS) vs $4.9M in Q4 2023; adjusted net income $12.8M.
Genco posts Q3 net income $21.5M, declares $0.40 dividend; TCE up 59% YoY
Net income $21.5M ($0.50 basic EPS) vs net loss $32.0M ($0.75 loss) in Q3 2023.
Genco Shipping Q2 net income $23.5M ($0.54 EPS); declares $0.34 dividend
Net income $23.5M, up from $11.6M YoY; adjusted net income $19.9M ($0.46 adjusted EPS).
Genco updates vessel sale gain of ~$13M and provides Q2 fleet TCE estimate of $19k/day
Received $3.7M in deposits from prior vessel buyers; expects ~$13M gain on sale of Genco Claudius and Genco Maximus in Q2 2024.
Genco Q1 net income $18.8M, TCE $19,219/day, declares $0.42 dividend, reduces debt by $85M YTD
Net income $18.8M ($0.44 basic EPS); adjusted net income $21.4M ($0.50 adjusted EPS).
Genco Shipping guides Q1 TCE ~$18,900/day, sells two vessels for $47M
Estimated Q1 2024 fleet-wide TCE rate of ~$18,900/day for 92% of owned available days.
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.
Max materiality 0.85 · Median 0.55 · Most common event other_material