Genco Q3 2022 results

Announced 11/09/22

  • Rev of $135.9M
  • Net income of $41M
  • Declared div of 78c/sh for Q3 2022
  • LT debt of $173.2M (< $5M/vessel; very low for a capital-intensive sector)

Genco (GNK) management have described their fleet strategy as a bar-bell approach
Large vessels i.e. Capes handle major bulk; Mid-size vessels i.e. Supramax & Ultramax handle minor bulk