Genco Q3 2024 results

Industry Discussions Shipping News
1

Announced 11/07/24

  • Voyage rev of $99.1M
  • Net Income of $21.5M
  • TCE daily average of $19,260
  • Declared div of 40c/sh

https://investors.gencoshipping.com/news/press-releases/news-details/2024/Genco-Shipping--Trading-Limited-Announces-Q3-2024-Financial-Results/default.aspx

Acquired a 2nd hand Cape vessel in Oct 2024. GNK has a decent cash position, but very good liquidity via capacity on a major line-of-credit (over $300M)

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