Genco Shipping & Trading Ltd (NYSE: GNK) is a drybulk shipping company that owns and operates a fleet of vessels transporting drybulk commodities across international shipping routes. Revenue is generated through voyage charters and time charters, where customers pay for the use of vessels to carry bulk cargoes such as grain, coal, iron ore, and other dry commodities. The company is listed on the New York Stock Exchange and files as a non-accelerated or smaller reporting issuer based on its market capitalization, which was approximately computed from a share price of $13.07 as of June 30, 2025. Demand for Genco's services tracks global drybulk trade volumes and spot shipping rates, both of which are cyclical and sensitive to commodity supply-demand balances. The business is capital-intensive, with vessel ownership representing the primary asset base. Genco issues Preferred Stock Purchase Rights alongside its common stock on the NYSE.

Revenue model

Genco earns revenue by chartering its drybulk vessels to customers under voyage charters and time charters. Rates are set by prevailing drybulk shipping markets, making revenue highly sensitive to spot and period charter rate cycles in the drybulk industry.

Products and services

Drybulk marine transportation services using owned vessels. Cargoes transported include drybulk commodities such as grain, coal, iron ore, and other dry bulk products, as referenced in the 10-K risk factor disclosures (filed 2026-02-18).

Customers and end markets

Customers are commodity shippers and traders requiring ocean transportation of drybulk goods. End markets include agricultural commodities, energy (coal), and industrial raw materials (iron ore). No specific customer concentration data is supported by the available filing excerpts.

Value-chain role

Asset-owning ocean carrier in the drybulk shipping supply chain, sitting between commodity producers and end-market buyers who need seaborne freight capacity.

Geographic exposure

International drybulk shipping routes. No specific geographic revenue breakdown is supported by the available filing excerpts.

Source: SEC 10-K, filed 2026-02-18

Industry: Deep Sea Foreign Transportation of Freight Peers: Matson Inc Eagle Bulk Shipping Inc. Kirby Corp Pangaea Logistics Solutions Ltd