News - Genco
NEW YORK, July 26, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three and six months ended June 30, 2011. The following financial review discusses the results for the three and six months ended June 30, 2011 and June 30, 2010. Second Quarter 2011 and Year-to-Date Highlights Recorded net income attributable to Genco for the second quarter of $10.1 million, or $0.29 basic and diluted earnings per share; Maintained strong cash position of $296.0 million on a consolidated basis, including restricted cash;$292.1 million for Genco Shipping & Trading Limited, including restricted cash$3.9 million for Baltic Trading LimitedTook delivery of the GencoAvra on May 13, 2011;Took delivery of the Genco Mare on July 20, 2011; and Continued time charter strategy of fixing vessels on short term or spot market related contracts with options to convert to fixed employment contracts while market remains so
NEW YORK, July 20, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Mare, a 35,000 dwt Handysize newbuilding.
NEW YORK, May 13, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Avra, a 35,000 dwt Handysize newbuilding.