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Genco Shipping & Trading GNK

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  2. Commentary
    1. Dropping Coverage of Dry-Bulk Shippers

      Commentary

      Wed, 27 Jun 2012

      re dropping coverage of our dry-bulk shippers: Diana Shipping DSX, Navios Maritime Holdings NM, Genco Shipping & Trading GNK , Excel Maritime Carriers EXM, and Eagle Bulk Shipping EGLE. Despite oversupply issues continuing to weigh on the industry

    2. Placing Excel and Genco Under Review

      Commentary

      Wed, 23 May 2012

      We are placing our coverage for Excel Maritime Carriers EXM and Genco Shipping & Trading GNK under review as we reassess our assumptions. While the Baltic Dry Index has recovered since reaching a 25-year low in early

    3. Genco's High Spot Market Exposure Leads to 1Q Loss

      Commentary

      Tue, 1 May 2012

      Genco Shipping & Trading GNK reported first-quarter results well below our expectations, but we're keeping our $6 fair value estimate unchanged, since

    4. Genco Barely Posts 4Q Profit, but Results Better Than Expected

      Commentary

      Wed, 22 Feb 2012

      Genco Shipping & Trading GNK reported fourth-quarter results that came in above our expectations, and we think a fair value estimate increase may be necessary

    5. Credit Rating Downgrade: Genco Shipping & Trading, Ltd.

      Commentary

      Wed, 16 Nov 2011

      We are downgrading our credit rating for Genco GNK to CCC from B to reflect weakening credit measures resulting from a prolonged downturn in the dry-bulk shipping industry. We

    6. Genco's 3Q Profit Falls As Expected

      Commentary

      Wed, 2 Nov 2011

      On Wednesday, Genco Shipping & Trading GNK reported third-quarter results that came in line with our expectations, and we're maintaining our fair value estimate of

    7. Placing Our Dry-Bulk Shipping Universe Under Review

      Commentary

      Wed, 27 Jul 2011

      of exposure to the weakened dry-bulk market. As such, we expect material fair value changes to Excel Maritime EXM, Genco GNK , and Eagle Bulk EGLE due to their significant fleet exposure to the spot market. Although we still believe Diana Shipping DSX

    8. China's Increased Power Prices a Benefit for Dry-Bulk Shipping

      Commentary

      Tue, 31 May 2011

      market-focused companies with larger ships (the prime beneficiaries of higher Chinese coal and iron ore imports) such as Genco GNK and Excel Maritime EXM to enjoy the sharpest short-run gains as a result. However, we caution that the industry still faces

    9. Genco Reports First Quarter, Fair Value Estimate Reduced

      Commentary

      Thu, 5 May 2011

      On Wednesday, Genco Shipping & Trading GNK reported first-quarter results that came in slightly below our expectations, and we’re reducing our fair value estimate due

    10. Genco's Fourth-Quarter Revenues Up, Profits Down

      Commentary

      Thu, 24 Feb 2011

      On Thursday, Genco Shipping & Trading GNK reported fourth-quarter results that came in line with our expectations, and we're maintaining our fair value estimate. For

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