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Stock Market & Financial Investment News

News Breaks
April 4, 2014
12:00 EDTGNKGenco Shipping rises 37.9%
Genco Shipping is up 37.9%, or 58c, to $2.11
News For GNK From The Last 14 Days
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August 4, 2015
17:17 EDTGNKGenco Shipping sees CapEx related to drydocking $6.5M in Q3 and $3.8M in Q4
Company will incur additional capital expenditures due to special surveys and drydockings for our fleet. Seven vessels completed drydocking during the Q2. Company currently expects 12 vessels to be drydocked during the remainder of 2015. Company said "As previously announced, we have initiated a fuel efficiency upgrade program for certain of our vessels. We believe this program will generate considerable fuel savings going forward and increase the future earnings potential for these vessels. The upgrades have been successfully installed on 13 of our vessels, which completed their respective planned drydocking during 2014 and 2015. The cost of the upgrades, which will be performed under the planned drydocking schedule for three of our vessels, one Capesize and two Supramaxes, is expected to be approximately $500,000 and $275,000 per vessel, respectively." Estimates offhire days during Q3 170 and 100 during Q4.
17:12 EDTGNKGenco Shipping reports Q2 EPS (67c), consensus (42c)
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July 31, 2015
17:15 EDTGNKGenco Shipping files to sell 30.86M shares of common stock for holders
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