Genco Shipping & Trading Ltd (GNK) Financial

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. The company is headquartered in New York City, New York and currently employs 945 full-time employees. The company went IPO on 2005-07-22. The firm provides a full-service logistics solution to its customers utilizing its in-house commercial operating platform. The company transports key cargoes such as iron ore, grain, steel products, bauxite, cement, nickel ore among other commodities along worldwide shipping routes. Its wholly owned modern fleet of dry cargo vessels consists of the larger Capesize and the medium-sized Ultramax and Supramax vessels, enabling it to carry a range of cargoes. Its fleets consist of over 42 drybulk carriers, including 16 Capesize drybulk carriers, 15 Ultramax drybulk carriers, and eleven Supramax drybulk carriers with an aggregate carrying capacity of approximately 4,446,000 deadweight tons (dwt). Its vessels include Baltic Bear, Baltic Hornet, Genco Lion, Baltic Wolf, Genco Aquitaine, Genco Augustus, Genco Bourgogne, Genco Liberty, Genco Freedom, and Genco Vigilant.