Tag Archives: GNK

Genco Shipping and Trading Limited earnings

By Tim | Published: October 29, 2009
Genco Shipping and Trading Limited – Press Release. Genco Shipping GNK has released their 3rd quarter results, full report linked above. The company’s results look significantly better than those for Dry Ships earlier this week. Genco reported a net income for the quarter of $1.10 per share. This is compared to $2.00 per share in the [...]
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Baltic Capesize Index goes ballistic!

By Tim | Published: June 2, 2009
Genco Shipping and Trading Limited – Press Release. Today the Baltic Capesize index jumped almost 1200 points or 18% to 7724. This has pulled the broader Baltic Dry Index up 11.5% in one day to 4106. 4,000 on the BDI has been indexes’ average for the free-trade China era. This is good news for the dry [...]
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Genco Shipping 1st Quarter Results

By Tim | Published: May 1, 2009
Genco Shipping and Trading Limited – Press Release. Linked above is the press release for the 1st quarter from Genco Shipping GNK. It is hard to imagine that just 6 months ago this company was still paying $1.00 per share in quarterly dividends. Looking at the 1st quarter number one can see that things are getting [...]
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Suspended dividend shipping company list

By Tim | Published: April 21, 2009
I have received an email requesting a list of shipping companies that have suspended or slashed their dividends. I have been tracking the shipping stocks I know of using Google Portfolios and have kept a sub-portfolio of the companies which have suspended dividends. This list is compiled from my own reading and research so any [...]
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JPMorgan Aviation & Transportation Conference highlights

By Tim | Published: March 13, 2009
Several shipping stocks are presenting at the JPMorgan Aviation & Transportation Conference today and I am listening to the presentations as they come up (delayed). I will put up a few notes on the companies I listen to: Horizon Lines HRZ is the largest of the Jones Act shippers moving containerized cargo from the States to [...]
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Genco Shipping 4th quarter and year end results

By Tim | Published: February 26, 2009
Genco Shipping and Trading Limited – Press Release. Lots of earnings reports over these last 3 days of the week, so I will be busy trying to get my 2ยข worth in. Additional notes may show up when I get to listen to conference calls. The link above goes to the year-end and 4th quarter results for [...]
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The suspended dividend list

By Tim | Published: February 25, 2009
When I started putting together a list of shipping stocks for this blog I decided to have sub-lists related to the sub-sectors in the industry. Another thought was to separate out the dividend paying stocks, since that tends to be a major attraction in the shipping space. That genius idea led to the formation of [...]
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DryShips plunges as it may breach debt terms

By Tim | Published: January 30, 2009
GNK’s move last week to change its loan covenants look like a pretty good move. The market may hammer the whole sector, so keep an eye on your favorites. DRYS Email & RSS sign up for the new blog is progressing nicely. Spread the work.
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