Genco Shipping & Trading (NYSE:GNK) is a New York–based maritime transportation company specializing in the ownership and operation of drybulk cargo vessels. The company’s fleet comprises a diversified mix of Capesize, Panamax, Supramax and Ultramax ships, designed to carry a broad range of bulk commodities such as iron ore, coal, grain and agricultural products. Genco Shipping & Trading caters primarily to industrial and commercial customers engaged in mining, agriculture and energy sectors, offering tailored shipping solutions across the global drybulk market.
Founded in 2004, Genco has grown into one of the world’s leading publicly traded drybulk shipping companies. Over the years, it has strategically expanded its fleet through newbuilding orders and secondhand acquisitions to enhance operational flexibility and capture market opportunities. The company employs modern technical management practices, including proactive maintenance and fuel-efficiency measures, to optimize voyage economics and comply with evolving environmental regulations such as the International Maritime Organization’s sulfur cap rules.
Headquartered in New York City, Genco Shipping & Trading maintains a presence in key maritime hubs to support commercial, technical and crewing functions. Its vessels operate on major trade lanes connecting Asia, Europe, the Americas and the Middle East, enabling customers to transport commodities efficiently between leading ports. The company’s chartering desk collaborates closely with charterers, shipbrokers and cargo owners to design voyage itineraries that balance cost, timing and cargo requirements.
Leadership at Genco includes Executive Chairman Peter Georgakis, who co-founded the company and has steered its strategic vision since inception. The senior management team brings decades of combined experience in ship operations, finance and risk management, supporting initiatives in digitalization and sustainability. Through disciplined capital allocation and a focus on long-term partnerships, Genco Shipping & Trading seeks to deliver reliable service and create value for its shareholders and maritime industry stakeholders.
