GNK on NYSE
GENCO SHIPPING & TRADING LTD
In its 2026 annual report the company says: “We are a New York City-based pure-play drybulk ship owning company focused on the seaborne transportation of commodities globally. Our approach towards fleet composition is to own a high-quality fleet of vessels that focuses on Newcastlemax, Capesize, Ultramax and Supramax vessels. Our major bulk vessels are primarily used to transport iron ore, coal and bauxite, while our minor bulk vessels are primarily used to transport grains, steel products and other drybulk cargoes such as cement, scrap, fertilizer, nickel ore, salt and sugar.”4 Its shares trade on NYSE under the symbol GNK.1
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Last updated Oct 21, 2026.
Overview
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- TickerGNK on NYSE1
- IndustryDeep Sea Foreign Transportation of Freight1
- Headquarters1T1
- Incorporated inMarshall Islands2
- Business address299 Park Avenue, 12Th Floor, New York, Ny 101712
- Filer categoryAccelerated filer2
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We are a New York City-based pure-play drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, bauxite, steel products and other drybulk cargoes along worldwide shipping routes. After the expected delivery of two Newcastlemax vessels during March 2026 that we have agreed to acquire, our fleet will consist of 45 drybulk vessels, including two Newcastlemax and 17 Capesize vessels and 15 Ultramax and 11 Supramax vessels with an aggregate carrying capacity of approximately 5,044,000 deadweight tons (“dwt”) and an average age of 12.7 years.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$342.1M
Out of $342.1M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending9¢$3.2M
- Dividends paid91¢$32.8M
Out of $31.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $281.4M6 | $277.2M7 | $386.9M8 | $307.1M8 | $233.1M8 | $423.0M5 | $342.1M5 |
| Operating expenses | $346.0M8 | $369.7M9 | $389.7M5 | $336.0M5 | $334.6M5 | ||
| Operating income | -$28.4M6 | -$203.3M7 | $201.1M8 | $167.2M9 | -$5.8M5 | $87.0M5 | $7.5M5 |
| Interest | $32.0M6 | $22.4M7 | $15.4M8 | $9.1M8 | $8.8M8 | ||
| Income tax | |||||||
| Net income | -$56.0M6 | -$225.6M7 | $182.0M8 | $158.6M9 | -$12.9M5 | $76.4M5 | -$4.4M5 |
| Earnings per share | -$1.346 | -$5.387 | $4.338 | $3.749 | -$0.305 | $1.775 | -$0.105 |
| Earnings per share (diluted) | -$1.346 | -$5.387 | $4.278 | $3.709 | -$0.305 | $1.755 | -$0.105 |
| Shares (weighted, basic) | 42.1M shares8 | 42.4M shares9 | 42.8M shares5 | 43.1M shares5 | 43.4M shares5 | ||
| Shares (weighted, diluted) | 42.6M shares8 | 42.9M shares9 | 42.8M shares5 | 43.7M shares5 | 43.4M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $155.9M12 | $143.9M6 | $114.6M7 | $58.1M8 | $46.5M9 | $43.7M5 | $55.5M5 |
| Receivables | $20.1M7 | $25.3M8 | $17.8M9 | $21.4M5 | $14.3M5 | ||
| Inventory | $24.6M7 | $21.6M8 | $26.7M9 | $22.2M5 | $25.2M5 | ||
| Current assets | $223.2M12 | $247.2M6 | $174.8M7 | $125.4M8 | $157.3M9 | $98.0M5 | $109.1M5 |
| Property, plant and equipment | $7.2M7 | $8.6M8 | $7.1M9 | $7.2M5 | $7.5M5 | ||
| Total assets | $1.5B12 | $1.2B6 | $1.2B7 | $1.2B8 | $1.1B9 | $1.1B5 | $1.1B5 |
| Accounts payable | $9.4M7 | $16.2M8 | $10.7M9 | $17.5M5 | $18.6M5 | ||
| Current liabilities | $127.7M12 | $113.6M6 | $41.9M7 | $36.5M8 | $35.3M9 | $40.7M5 | $45.7M5 |
| Long-term debt | $413.0M12 | $358.9M6 | $238.2M7 | $164.9M8 | $190.2M9 | $82.2M5 | $189.1M5 |
| Long-term liabilities | $244.4M7 | $169.0M8 | $192.0M9 | $87.7M5 | $194.6M5 | ||
| Total liabilities | $550.5M12 | $487.8M6 | $286.3M7 | $205.6M8 | $227.3M9 | $128.4M5 | $240.3M5 |
| Retained earnings | -$786.8M7 | -$628.2M8 | -$641.1M9 | -$564.7M5 | -$569.1M5 | ||
| Shareholders’ equity | $978.4M12 | $745.0M6 | $916.6M7 | $967.4M8 | $913.3M9 | $926.7M5 | $896.5M5 |
| Shares outstanding | 41.8M shares12 | 41.8M shares6 | 41.9M shares7 | 42.3M shares8 | 42.5M shares9 | 42.8M shares5 | 43.2M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $59.5M6 | $36.9M7 | $231.1M8 | $189.3M9 | $91.8M5 | $126.8M5 | $31.9M5 |
| Depreciation and amortization | $56.2M8 | $60.2M9 | $66.5M5 | $68.7M5 | $76.2M5 | ||
| Stock-based compensation | $2.3M8 | $3.2M9 | $5.5M5 | $5.8M5 | $7.0M5 | ||
| Capital spending | $4.7M6 | $4.6M7 | $1.6M8 | $3.6M9 | $2.7M5 | $3.0M5 | $3.2M5 |
| Free cash flow | $54.8M | $32.3M | $229.5M | $185.8M | $89.1M | $123.8M | $28.7M |
| Cash from investing | -$67.6M8 | -$55.0M9 | -$91.6M5 | $47.8M5 | -$91.6M5 | ||
| Dividends paid | $20.9M6 | $9.8M7 | $13.5M8 | $115.7M9 | $40.9M5 | $67.5M5 | $32.8M5 |
| Cash from financing | -$222.7M8 | -$190.7M9 | -$17.4M5 | -$177.5M5 | $71.2M5 | ||
| Dividend per share | $0.506 | $0.237 | $0.328 | $2.749 | $0.955 | $1.575 | $0.755 |
Corporate structure
GENCO SHIPPING & TRADING LTD sits at the top of its group. 54 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of GENCO SHIPPING & TRADING LTD
- DIANA SHIPPING INC. Filed SCHEDULE 13D/A on GENCO SHIPPING & TRADING LTD, latest Sep 16, 2026 (15 filings since Jul 17, 2025)
- Kibo Investments Pte. Ltd. Filed SCHEDULE 13G/A on GENCO SHIPPING & TRADING LTD, latest Aug 10, 2026 (3 filings since Apr 2, 2025)
- BlackRock Filed SCHEDULE 13G/A on GENCO SHIPPING & TRADING LTD, latest Oct 17, 2025 (6 filings since Feb 4, 2022)
- GK Investor LLC Filed SC 13D/A on GENCO SHIPPING & TRADING LTD, latest May 24, 2024 (6 filings since Dec 29, 2023)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on GENCO SHIPPING & TRADING LTD, latest Feb 9, 2024 (2 filings since Feb 10, 2023)
- CCP II Cayman GP Ltd. Filed SC 13D/A on GENCO SHIPPING & TRADING LTD, latest Oct 27, 2022 (3 filings since Aug 12, 2022)
- FMR LLC Filed SC 13G/A on GENCO SHIPPING & TRADING LTD, latest Sep 12, 2022 (3 filings since Feb 9, 2022)
- Pilgrim Global ICAV Filed SC 13G/A on GENCO SHIPPING & TRADING LTD, latest Feb 11, 2022
- GENCO SHIPPING & TRADING LTD 1T
- Baltic Lion Limited Subsidiary · Marshall Islands
- Baltic Tiger Limited Subsidiary · Marshall Islands
- Baltic Trading Limited Subsidiary · Marshall Islands
- Genco Aquitaine Limited Subsidiary · Marshall Islands
- Genco Ardennes Limited Subsidiary · Marshall Islands
- Genco Augustus Limited Subsidiary · Marshall Islands
- Genco Auvergne Limited Subsidiary · Marshall Islands
- Genco Bear Limited Subsidiary · Marshall Islands
- Genco Bourgogne Limited Subsidiary · Marshall Islands
- Genco Brittany Limited Subsidiary · Marshall Islands
- Genco Columbia Limited Subsidiary · Marshall Islands
- Genco Constantine Limited Subsidiary · Marshall Islands
- Genco Constellation Limited Subsidiary · Marshall Islands
- Genco Courageous Limited Subsidiary · Marshall Islands
- Genco Defender Limited Subsidiary · Marshall Islands
- Genco Endeavour Limited Subsidiary · Marshall Islands
- Genco Enterprise Limited Subsidiary · Marshall Islands
- Genco Freedom Limited Subsidiary · Marshall Islands
- Genco Holdings Limited Subsidiary · Marshall Islands
- Genco Hornet Limited Subsidiary · Marshall Islands
- Genco Hunter Limited Subsidiary · Marshall Islands
- Genco Intrepid Limited Subsidiary · Marshall Islands
- Genco Investments LLC Subsidiary · Marshall Islands
- Genco Laddey Limited Subsidiary · Marshall Islands
- Genco Languedoc Limited Subsidiary · Marshall Islands
- and 28 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What GENCO SHIPPING & TRADING LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $20.0M5 Dec 31, 2025 | $17.0M5 Dec 31, 2024 | +17.8% |
| Accumulated depreciation | $12.5M5 Dec 31, 2025 | $9.8M5 Dec 31, 2024 | +27.6% |
| Property and equipment, net | $7.5M5 Dec 31, 2025 | $7.2M5 Dec 31, 2024 | +4.3% |
| Operating-lease assets (leased space) | $5.3M5 Dec 31, 2025 | $6.4M5 Dec 31, 2024 | −17.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $55.5M5 Dec 31, 2025 | $43.7M5 Dec 31, 2024 | +27.1% |
Inventory
Properties, in its own words
We do not own any real property. Under our lease with the over-landlord for our main office in New York, the monthly base rental payments were $0.2 million per month from May 1, 2023 to September 30, 2025.
On October 14, 2024, we entered into a lease agreement to extend our current lease agreement for our main office which commenced on October 1, 2025 until July 31, 2036, with a free base rental period until August, 2027. Following the expiration of the free base rental period, the monthly base rental payments will be $0.07 million until the end of the lease term.
The rest of Item 2
Future minimum rental payments on the above lease are as follows: $0 for 2026, $0.3 million for 2027, $0.8 million for each year from 2028 through 2030 and $4.9 million thereafter.
On June 14, 2019, we entered into a sublease agreement for a portion of this leased space for our main office in New York, New York that commenced on July 26, 2019 and ended on September 29, 2025. There was a free base rental period for the first four and a half months commencing on July 26, 2019. Following the expiration of the free base rental period, the monthly base sublease income was $0.1 million per month until September 29, 2025.
In addition, we signed a lease for an office space in Singapore effective January 17, 2019 for a three-year term, which was most recently extended on January 17, 2026 for a three-year term.
Lastly, we signed a lease for a new office space in Copenhagen effective January 1, 2023 with a current minimum period ending August 2026.
For a description of our vessels, see “Our Fleet” in Item 1, “Business” in this report. As of December 31, 2025, 41 of the 43 vessels in our fleet served as collateral under our credit facility. Please see “Liquidity and Capital Resources” and “Critical Accounting Policies — Vessels and Depreciation” in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operation” for a further description. The foregoing descriptions are incorporated into this Item 2 by reference.
We consider each of our significant properties to be suitable for its intended use.
Item 2 of the 10-K filed Feb 18, 2026.4
Leadership
Who has led GENCO SHIPPING & TRADING LTD, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerJohn C. Wobensmith Mar 24, 2017 to now13
- ChairJohn C. Wobensmith Sep 10, 2025 to now14
- ChairArthur L. Regan Mar 1, 2018 to May 5, 202115
- PresidentJohn C. Wobensmith Jul 21, 2015 to now16
- PresidentRobert Gerald Buchanan Mar 3, 2006 to Jul 21, 201417
- Chief financial officerApostolos Zafolias Dec 19, 2014 to Feb 27, 202318
- Chief financial officerJohn C. Wobensmith Apr 4, 2006 to Aug 7, 201419
Board members and other officers (26)
- Chief Operations OfficerRobert E. Hughes Jan 25, 2019 to Feb 27, 202320
- Chief Accounting OfficerJoseph Adamo Dec 19, 2014 to now21
- Board memberParamita Das Mar 6, 2024 to now22
- Board memberJohn C. Wobensmith Feb 25, 2022 to now23
- Board memberKarin Y. Orsel Mar 26, 2021 to now24
- Board memberDaniel Han Apr 10, 2018 to Apr 10, 201825
- Board memberChristoph O. Majeske Jan 6, 2017 to Jan 6, 201726
- Board memberVictor Khosla Jan 6, 2017 to Nov 18, 201927
- Board memberKathleen C. Haines May 17, 2017 to now28
- Board memberArthur L. Regan Feb 26, 2016 to now29
- Board memberPeter Kirchof Feb 26, 2016 to Feb 26, 201630
- Board memberJohn Brantl Nov 2, 2016 to Nov 2, 201631
- Board memberJason Scheir Dec 22, 2016 to Dec 22, 201632
- Board memberKevin Mahony Sep 22, 2015 to Sep 22, 201533
- Board memberBao Dinh Truong Jul 21, 2014 to Jul 21, 201434
- Board memberEugene I. Davis Jul 21, 2014 to May 17, 201735
- Board memberIan Ashby Jul 21, 2014 to Feb 19, 201636
- Board memberJames G. Dolphin Jul 21, 2014 to now37
- Board memberMichael J. Leffell Jul 21, 2014 to Feb 19, 201638
- Board memberWilliam Pastam Manuel Jul 21, 2014 to Jul 21, 201439
- Board memberBasil G. Mavroleon Feb 9, 2007 to now40
- Board memberHarry A. Perrin Feb 9, 2007 to May 17, 201341
- Board memberNathaniel Kramer Feb 9, 2007 to May 17, 201342
- Board memberPeter C. Georgiopoulos Apr 18, 2006 to Feb 19, 201643
- Board memberStephen A. Kaplan Apr 18, 2006 to May 30, 200844
- Board memberMark F. Polzin Nov 13, 2006 to May 17, 201345
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Baltic Lion Limited Marshall Islands3
- Baltic Tiger Limited Marshall Islands3
- Baltic Trading Limited Marshall Islands3
- GS Shipmanagement Pte. Limited Singapore3
- GS Shipmanagement Pvt. Limited India3
- Genco Aquitaine Limited Marshall Islands3
- Genco Ardennes Limited Marshall Islands3
- Genco Augustus Limited Marshall Islands3
- Genco Auvergne Limited Marshall Islands3
- Genco Bear Limited Marshall Islands3
- Genco Bourgogne Limited Marshall Islands3
- Genco Brittany Limited Marshall Islands3
- Genco Columbia Limited Marshall Islands3
- Genco Constantine Limited Marshall Islands3
- Genco Constellation Limited Marshall Islands3
- Genco Courageous Limited Marshall Islands3
- Genco Defender Limited Marshall Islands3
- Genco Endeavour Limited Marshall Islands3
- Genco Enterprise Limited Marshall Islands3
- Genco Freedom Limited Marshall Islands3
- Genco Holdings Limited Marshall Islands3
- Genco Hornet Limited Marshall Islands3
- Genco Hunter Limited Marshall Islands3
- Genco Intrepid Limited Marshall Islands3
All 53 listed subsidiaries
- Genco Investments LLC Marshall Islands3
- Genco Laddey Limited Marshall Islands3
- Genco Languedoc Limited Marshall Islands3
- Genco Liberty Limited Marshall Islands3
- Genco London Limited Marshall Islands3
- Genco Madeleine Limited Marshall Islands3
- Genco Magic Limited Marshall Islands3
- Genco Mantis Limited Marshall Islands3
- Genco Mary Limited Marshall Islands3
- Genco Mayflower Limited Marshall Islands3
- Genco Picardy Limited Marshall Islands3
- Genco Predator Limited Marshall Islands3
- Genco Pyrenees Limited Marshall Islands3
- Genco Ranger Limited Marshall Islands3
- Genco Reliance Limited Marshall Islands3
- Genco Resolute Limited Marshall Islands3
- Genco Rhone Limited Marshall Islands3
- Genco Scorpion Limited Marshall Islands3
- Genco Ship Management LLC Delaware3
- Genco Shipping A/S Denmark3
- Genco Shipping Pte. Limited Singapore3
- Genco Tiberius Limited Marshall Islands3
- Genco Titus Limited Marshall Islands3
- Genco Vigilant Limited Marshall Islands3
- Genco Wasp Limited Marshall Islands3
- Genco Weatherly Limited Marshall Islands3
- Genco Wolf Limited Marshall Islands3
- Genco-Synergy Bulk Carriers Private Limited Singapore3
- Genco-Synergy Private Limited Singapore3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 25, 20268-K Entered a material agreement; Change to shareholders' rights46
- Aug 5, 20268-K Results of operations47
- Jun 23, 20268-K Shareholder vote48
- Jun 2, 20268-K Entered a material agreement; Change to shareholders' rights49
- May 6, 20268-K Results of operations50
- May 1, 20268-K Entered a material agreement; Change to shareholders' rights51
- Mar 27, 20268-K Executive or director change52
- Mar 5, 20268-K Entered a material agreement; New debt or obligation53
- Feb 17, 20268-K Results of operations54
- Feb 13, 20268-K Executive or director change55
- Dec 5, 20258-K Regulation FD disclosure56
- Nov 10, 20258-K Entered a material agreement; Change to shareholders' rights57
- Mar 24, 2017New chief executive John C. Wobensmith becomes CEO13
Calendar
Coming up
- Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Nov 5, 2025.58
When it reported results
- Aug 5, 2026Reported quarterly or annual results47
- May 6, 2026Reported quarterly or annual results50
- Feb 17, 2026Reported quarterly or annual results54
- Nov 5, 2025Reported quarterly or annual results59
- Aug 6, 2025Reported quarterly or annual results60
- May 7, 2025Reported quarterly or annual results61
- Feb 19, 2025Reported quarterly or annual results62
- Nov 6, 2024Reported quarterly or annual results63
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
459 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 53 major events, 206 insider forms, 39 large holders, 140 other. The latest 20:
- Sep 25, 20268-A12B/A EDGAR
- Sep 25, 20268-K EDGAR
- Sep 16, 2026SCHEDULE 13D/A EDGAR
- Sep 9, 2026SCHEDULE 13D/A EDGAR
- Sep 3, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 27, 2026SCHEDULE 13D/A EDGAR
- Aug 27, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 25, 2026SCHEDULE 13D/A EDGAR
- Aug 25, 20264 EDGAR
- Aug 17, 2026SCHEDULE 13D/A EDGAR
- Aug 10, 2026SCHEDULE 13D/A EDGAR
- Aug 10, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 20268-K EDGAR
- Aug 5, 202610-Q EDGAR
The 459 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
66 open-market trades by officers, directors and large owners since October 2021: 0 buys and 66 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | DIANA SHIPPING INC.10% owner | Sale | 150,000 | $26.68 | $4.0M | Form 4 |
| Sep 1, 2026 | DIANA SHIPPING INC.10% owner | Sale | 125,000 | $26.02 | $3.3M | Form 4 |
| Aug 28, 2026 | DIANA SHIPPING INC.10% owner | Sale | 2,280 | $26.00 | $59.3K | Form 4 |
| Aug 27, 2026 | DIANA SHIPPING INC.10% owner | Sale | 8,427 | $26.13 | $220.2K | Form 4 |
| Aug 25, 2026 | DIANA SHIPPING INC.10% owner | Sale | 648,256 | $26.55 | $17.2M | Form 4 |
| Aug 24, 2026 | DIANA SHIPPING INC.10% owner | Sale | 750,000 | $26.75 | $20.1M | Form 4 |
| Aug 21, 2026 | DIANA SHIPPING INC.10% owner | Sale | 450,000 | $26.65 | $12.0M | Form 4 |
| May 18, 2026 | DIANA SHIPPING INC.10% owner | Sale | 40,000 | $24.47 | $978.8K | Form 4 |
| May 15, 2026 | DIANA SHIPPING INC.10% owner | Sale | 50,000 | $24.59 | $1.2M | Form 4 |
| May 14, 2026 | DIANA SHIPPING INC.10% owner | Sale | 58,603 | $24.78 | $1.5M | Form 4 |
| Feb 23, 2026 | Adamo JosephChief Accounting Officer | Sale | 6,340 | $23.67 | $150.1K | Form 4 |
| Feb 23, 2026 | WOBENSMITH JOHN CChairman, CEO, and President | Sale | 39,244 | $23.66 | $928.5K | Form 4 |
| Feb 23, 2026 | Christensen JesperChief Commercial Officer | Sale | 18,450 | $23.66 | $436.5K | Form 4 |
| Feb 23, 2026 | Allen Peter GeorgeChief Financial Officer | Sale | 13,315 | $23.66 | $315.0K | Form 4 |
| Feb 18, 2026 | Allen Peter GeorgeChief Financial Officer | Sale | 6,232 | $23.27 | $145.0K | Form 4 |
| Feb 18, 2026 | WOBENSMITH JOHN CChairman, CEO, and President | Sale | 18,642 | $23.26 | $433.6K | Form 4 |
| Feb 18, 2026 | Christensen JesperChief Commercial Officer | Sale | 8,260 | $23.27 | $192.2K | Form 4 |
| Feb 18, 2026 | Adamo JosephChief Accounting Officer | Sale | 3,227 | $23.27 | $75.1K | Form 4 |
| Sep 15, 2025 | WOBENSMITH JOHN CChairman, CEO, and President | Sale | 19,000 | $18.44 | $350.4K | Form 4 |
| Sep 12, 2025 | WOBENSMITH JOHN CChairman, CEO, and President | Sale | 20,000 | $18.12 | $362.4K | Form 4 |
All 66 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIANA SHIPPING INC.SCHEDULE 13D/A, 15 filings Jul 17, 2025 to Sep 16, 202664
- Kibo Investments Pte. Ltd.SCHEDULE 13G/A, 3 filings Apr 2, 2025 to Aug 10, 202665
- BlackRockSCHEDULE 13G/A, 6 filings Feb 4, 2022 to Oct 17, 202566
- GK Investor LLCSC 13D/A, 6 filings Dec 29, 2023 to May 24, 202467
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 2 filings Feb 10, 2023 to Feb 9, 202468
- CCP II Cayman GP Ltd.SC 13D/A, 3 filings Aug 12, 2022 to Oct 27, 202269
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Sep 12, 202270
- Pilgrim Global ICAVSC 13G/A, 1 filing Feb 11, 202271
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | John C. WobensmithChief Executive Officer and President | 54 | $700.0K | $4.0M72 |
| 2024 | Jesper ChristensenChief Commercial Officer | 38 | $400.0K | $1.7M72 |
| 2024 | Peter AllenChief Financial Officer | 38 | $360.0K | $1.6M72 |
| 2024 | Joseph AdamoChief Accounting Officer | 62 | $305.0K | $840.9K72 |
| 2023 | John C. WobensmithChief Executive Officer and President | 54 | $700.0K | $3.2M72 |
| 2023 | Jesper ChristensenChief Commercial Officer | 38 | $375.0K | $1.4M72 |
| 2023 | Peter AllenChief Financial Officer | 38 | $307.7K | $1.1M72 |
| 2023 | Joseph AdamoChief Accounting Officer | 62 | $305.0K | $766.3K72 |
| 2022 | John C. WobensmithChief Executive Officer and President | 54 | $685.0K | $4.9M72 |
| 2022 | Joseph AdamoChief Accounting Officer | 62 | $295.0K | $945.4K72 |
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 16, 2022 | Christopher L. Jacobs, House | Buy | $1,001 - $15,000 | −87.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How GENCO SHIPPING & TRADING LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGENCO SHIPPING & TRADING LTD1
- CIK0001326200
- Employer ID (EIN)98-04397584
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inRepublic of the Marshall Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address299 Park Avenue, 12Th Floor, New York, NY 101711
- Phone(646) 443-85501
- Shares outstanding43,586,605 as of Aug 5, 202611
- Public float$551.8M as of Jun 30, 20254
- AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMay 9, 20051
- Filings1,529 in all: 4 (531), 8-K (303), SC 13D/A (92), DEFA14A (67), 10-Q (64), 3 (43), SC 13G/A (38), DFAN14A (29)1
All 67 form types
UPLOAD (27), SC 13G (26), CORRESP (25), SC 14D9/A (22), 10-K (21), 425 (19), DEF 14A (19), 144 (17), SCHEDULE 13D/A (14), ARS (13), 424B5 (11), 8-K/A (11), EFFECT (10), SC 13D (8), FWP (7), S-3 (7), S-8 (7), 144/A (6), S-1/A (6), 10-K/A (5), 424B3 (5), PRE 14A (5), PREC14A (5), 8-A12B/A (4), DEFC14A (4), S-3/A (4), S-3ASR (4), SCHEDULE 13G/A (4), 4/A (3), 8-A12B (3), NT 10-Q (3), POS AM (3), POSASR (3), SC14D9C (3), 3/A (2), CERTNYS (2), S-4/A (2), 25 (1), 25-NSE (1), 305B2 (1), 424B1 (1), 424B7 (1), 8-A12G (1), CERT (1), D (1), D/A (1), DEFM14A (1), DEFR14A (1), NT 10-K (1), POS EX (1), PRER14A (1), PRRN14A (1), RW (1), S-1 (1), S-4 (1), S-8 POS (1), SC 14D9 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Feb 18, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 9, 2025
Latest 8-K (8-K) Sep 25, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $.01 per share | GNK | New York Stock Exchange |
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks GENCO SHIPPING & TRADING LTD names in Item 1A of its 10-K filed Feb 18, 2026: 55 risks under these headings, as written.4
- Industry Specific Risk Factors
- A downturn in the global economic environment may negatively impact our business.
- Trade policies and disputes may negatively impact our business.
- Freight and charterhire rates for drybulk carriers could decrease in the future, which may adversely affect our earnings.
- Prolonged declines in freight and charter rates, changes in the useful life of vessels, and other market deterioration could cause us to incur impairment charges.
- Inflation could adversely affect our business and financial results.
- Our vessels are exposed to international risks that could reduce revenue or increase expenses.
- We are subject to regulation and liability under environmental and operational safety laws that could require significant expenditures or subject us to increased liability.
- The proliferation of uncoordinated regional and national carbon pricing schemes may create a fragmented regulatory environment, increasing our compliance burden and operational costs.
- Increased inspection procedures and tighter import and export controls could increase costs and disrupt our business.
- Our vessels may suffer damage, resulting in unexpected drydocking costs.
- The operation of drybulk vessels has certain unique operational risks which could affect our earnings and cash flow.
The other 44 risks
- Acts of piracy on ocean-going vessels have continued and could adversely affect our business.
- Military actions, terrorist attacks, and other acts of violence may have an adverse effect on our business.
- Compliance with safety and other vessel requirements imposed by classification societies may be costly and could reduce our net cash flows and net income.
- If our vessels call on ports located in countries that are subject to restrictions imposed by the U.S. or other governments, that could adversely affect our reputation and the market for our common shares.
- We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act, UK Bribery Act, and other applicable worldwide anti-corruption laws.
- We may be unable to attract and retain qualified, skilled employees or crew necessary to operate our business.
- Arrests of our vessels by maritime claimants could cause a significant loss of earnings for the related off-hire period.
- Labor interruptions could disrupt our business.
- The smuggling of drugs or other contraband onto our vessels may lead to governmental claims against us.
- Governments could requisition our vessels during a period of war or emergency, resulting in loss of earnings.
- Changes in fuel prices could adversely affect our profits.
- Our results of operations are subject to seasonal fluctuations, which may adversely affect our financial condition.
- Company Specific Risk Factors
- Our earnings and our ability to pay dividends will be adversely affected if we do not successfully employ our vessels.
- We are currently subject to a proxy contest seeking to replace all members of our Board of Directors, which could disrupt our business and adversely affect our results of operations.
- We may face liquidity issues if conditions in the drybulk market worsen for a prolonged period.
- The market values of our vessels may decrease, which could adversely affect our operating results.
- Restrictive covenants under our credit facility may restrict our growth and operations.
- We depend upon ten charterers for a large part of our revenues. The loss of any significant customers could adversely affect our financial performance.
- The aging of our fleet and our practice of purchasing and operating previously owned vessels may result in increased operating costs and vessels off-hire, which could adversely affect our earnings.
- An increase in interest rates could adversely affect our cash flow and financial condition.
- We depend significantly on our GSSM joint venture for technical management of our fleet.
- We may not be able to compete for charters with companies with greater resources in the drybulk industry.
- Future dividends are subject to the discretion of our Board of Directors; dividends and share repurchases are subject to covenant compliance under our credit facility.
- We may not be able to grow or effectively manage our growth, which could cause us to incur additional indebtedness and other liabilities.
- We currently maintain all of our cash and cash equivalents with six financial institutions, which causes credit risk.
- As a holding company, we depend on the ability of our subsidiaries to distribute funds to us in order to satisfy our financial obligations or to make dividend payments.
- We are at risk for the creditworthiness of our charterers.
- If we cannot obtain certain reports as to the effectiveness of our internal control over financial reporting, it could result in a decrease in the value of our common stock.
- We may not have adequate insurance to compensate us if we lose our vessels or to compensate third parties.
- We may have to pay U.S. tax on U.S. source income, which will reduce our net income and cash flows.
- U.S. tax authorities could treat us as a “passive foreign investment company,” which could have adverse U.S. federal income tax consequences to U.S. shareholders.
- Because we generate all of our revenues in U.S. dollars but incur a portion of our expenses in other currencies, exchange rate fluctuations could hurt our business.
- Legislative action relating to taxation could materially and adversely affect us.
- Our short-term shareholder rights agreement could prevent a potential acquisition of control of our Company, which could decrease the trading price of our common stock.
- Because we are a foreign corporation, you may not have the same rights or protections that a shareholder in a U.S. corporation may have.
- Future sales of our common stock could cause the market price of our common stock to decline.
- We may need to raise additional capital in the future, which may not be available on favorable terms or at all or which may dilute our common stock or adversely affect its market price.
- Volatility in the market price and trading volume of our common stock could adversely impact its trading price.
- Provisions of our articles of incorporation and by-laws may have anti-takeover effects which could adversely affect the market price of our common stock.
- Election and Removal of Directors.
- Limited Actions by Shareholders.
- Advance Notice Requirements for Shareholder Proposals and Director Nominations.
- It may not be possible for our investors to enforce U.S. judgments against us.
- Security breaches and other disruptions to our information technology infrastructure could interfere with our operations and expose us to liability.
Legal proceedings
We are not involved in any legal proceedings that we believe are likely to have, or have had a significant effect on our business, financial position, results of operations or cash flows, nor are we aware of any other proceedings that are pending or threatened which we believe are likely to have a significant effect on our business, financial position, results of operations or liquidity. From time to time, we may be subject to legal proceedings and claims in the ordinary course of business, principally personal injury and property casualty claims. We expect that these claims would be covered by insurance, subject to customary deductibles. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARJohn C. Wobensmith, Chair
- 15SEC EDGARArthur L. Regan, Chair
- 16SEC EDGARJohn C. Wobensmith, President
- 17SEC EDGARRobert Gerald Buchanan, President
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- 22SEC EDGARParamita Das, Board member
- 23SEC EDGARJohn C. Wobensmith, Board member
- 24SEC EDGARKarin Y. Orsel, Board member
- 25SEC EDGARDaniel Han, Board member
- 26SEC EDGARChristoph O. Majeske, Board member
- 27SEC EDGARVictor Khosla, Board member
- 28SEC EDGARKathleen C. Haines, Board member
- 29SEC EDGARArthur L. Regan, Board member
- 30SEC EDGARPeter Kirchof, Board member
- 31SEC EDGARJohn Brantl, Board member
- 32SEC EDGARJason Scheir, Board member
- 33SEC EDGARKevin Mahony, Board member
- 34SEC EDGARBao Dinh Truong, Board member
- 35SEC EDGAREugene I. Davis, Board member
- 36SEC EDGARIan Ashby, Board member
- 37SEC EDGARJames G. Dolphin, Board member
- 38SEC EDGARMichael J. Leffell, Board member
- 39SEC EDGARWilliam Pastam Manuel, Board member
- 40SEC EDGARBasil G. Mavroleon, Board member
- 41SEC EDGARHarry A. Perrin, Board member
- 42SEC EDGARNathaniel Kramer, Board member
- 43SEC EDGARPeter C. Georgiopoulos, Board member
- 44SEC EDGARStephen A. Kaplan, Board member
- 45SEC EDGARMark F. Polzin, Board member
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- 47SEC EDGARResults of operations
- 48SEC EDGARShareholder vote
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- 50SEC EDGARResults of operations
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- 52SEC EDGARExecutive or director change
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- 54SEC EDGARResults of operations
- 55SEC EDGARExecutive or director change
- 56SEC EDGARRegulation FD disclosure
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- 58NasdaqNasdaq calendar
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