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Genco Shipping & Trading Limited · New York, NY United States ·(NYSE: GNK)

Company Description

299 Park Ave. 20th Fl.
New York, NY
10171
United States (Map)
Phone: 646-443-8550
Fax: 646-443-8551

    Marine transportation company Genco Shipping & Trading transports dry cargo in a wet environment. The company maintains a fleet of about 30 oceangoing dry bulk carriers, which it charters mainly on long-term contracts to shippers of bulk commodities and marine transportation companies. Its fleet has an overall capacity of about 2.4 million deadweight tons (DWT). Genco Shipping's vessels transport cargo such as coal, grain, iron ore, and steel products. About 90% of its vessels on time-charter contracts. Customers have included BHP Billiton, Cargill, Lauritzen Bulkers and NYK. Pacific Basin Chartering and Cargill make up about 10% of the company's revenues. Genco Shipping & Trading was founded in 2004. To read the full description, subscribe now.

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    Key Genco Shipping & Trading Limited Financials

    Company TypePublic - NYSE: GNK

    Single Location
    Fiscal Year-EndDecember
    2008 Sales (mil.)$405.4
    2008 Employees701

    Genco Shipping & Trading Limited Executives

    9 executives listed for Genco Shipping & Trading Limited's New York, NY location.
    TitleName & BioContact
    ChairmanPeter GeorgiopoulosNetwork
    PresidentRobert BuchananNetwork
    CFO, Principal Accounting Officer, Secretary, and TreasurerJohn WobensmithNetwork

    Competition

    Competitive Landscape for Genco Shipping & 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 Genco Shipping & Trading Limited Competitors
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