Baltic Trading Limited · New York, NY United States ·(NYSE: BDI)
Company Description
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This link will open in a new window Baltic Trading swims against the current in international shipping. While most cargo carriers look for long-term contracts to fill their holds, Baltic Trading intends to focus on the spot market, immediate charters that are usually single voyages. The company, which was formed in 2009 by parent Genco Shipping & Trading to operate in the dry bulk spot market, initially plans to purchase Capesize, Panamax, and Supramax vessels. Genco will act as the company's manager, providing strategic and administrative services and a link to companies like Cargill , COSCO , and Louis Dreyfus . Baltic Trading filed to set sail on public waters in 2009, with Genco giving it $75 million as a bon voyage gift for half the shares. To read the full description, subscribe now.
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Key Baltic Trading Limited Financials
| Company Type | - NYSE: BDI |
Baltic Trading Limited Executives
5 executives listed for Baltic Trading Limited's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman | Peter Georgiopoulos | Network |
| President, CFO, Principal Accounting Officer, Secretary, and Treasurer | John Wobensmith | Network |
| Director | Basil Mavroleon | Network |
Competition
Competitive Landscape for Baltic Trading Limited
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top Baltic Trading Limited Competitors
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