GNK

Genco Shipping & Trading Limited Mails Letter to Shareholders

Retrieved on: 
Wednesday, April 24, 2024
Sale, NOT, Interview, Investment, Annual general meeting, Record, Agenda, Transport, Proxy, Human, Attention, TSR, Oikonomou, Pons, GNK, Share repurchase, ALL, Letter, Ship, Growth, Management

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.

Key Points: 
  • Genco’s Board of Directors and management team are executing a clear strategy that is delivering value to shareholders today, positioning Genco to drive returns through volatile drybulk market cycles and generating outperforming results.
  • From this process, the Board determined that Ms. Das was the right director to add to the Genco Board.
  • The Genco Board of Directors unanimously recommends that Genco shareholders vote “FOR” the re-election of each of Genco’s seven nominees currently serving on the Genco Board, “WITHHOLD” on Economou's nominee and “AGAINST” Economou’s shareholder proposal on the WHITE proxy card.
  • We appreciate the support of ALL Genco shareholders, as we continue delivering on our Comprehensive Value Strategy to drive long-term sustainable value.

Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders

Retrieved on: 
Tuesday, April 16, 2024
Felony, Investment, Governance, Proxy, Development, ALL, Economic methodology, Hand, GK, GNK, Panama Canal Zone, Annual general meeting, Transport, TSR, Exercise, Pons, Family, BHP, Metal, Judgement, BP, DryShips, OSG, Sale, Interview, Union Pacific Railroad, Mineral, History, Apollo Global Management, ESG, Share repurchase, Letter, Growth, Management

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.

Key Points: 
  • The Genco Board unanimously concluded that he would not be additive to our already strong, focused and experienced Board.
  • The full text of the letter follows:
    We are reaching out because we want your vote “FOR" Genco’s director nominees at the upcoming Annual Meeting of Shareholders.
  • Through our Comprehensive Value Strategy, we have distributed sizeable dividends to shareholders, significantly reduced our debt and grown and modernized our fleet.
  • At the same time, we have taken important steps to uniquely position Genco to drive returns through volatile drybulk shipping market cycles.

Genco Shipping & Trading Limited Announces First Quarter 2024 Conference Call and Webcast

Retrieved on: 
Wednesday, April 10, 2024
GNK, Internet, Webcast, Eastern Time Zone

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the first quarter of 2024 on Thursday, May 9, 2024 at 8:30 a.m. Eastern Time.

Key Points: 
  • NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the first quarter of 2024 on Thursday, May 9, 2024 at 8:30 a.m. Eastern Time.
  • The conference call will also be broadcast live over the Internet and include a slide presentation.
  • The Company will issue financial results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024 after the close of market trading.
  • If you are unable to participate at this time, a replay of the call will be available for two weeks at 402-220-9026 or 800-938-2487.

Genco Shipping & Trading Limited Files Preliminary Proxy Statement

Retrieved on: 
Wednesday, April 3, 2024
Annual general meeting, GNK, LLP, Transport, Security (finance), Jefferies Group

In regards to the Board’s recommendation, Genco issued the following statement:

Key Points: 
  • In regards to the Board’s recommendation, Genco issued the following statement:
    The Genco Board and management team are committed to maintaining strong corporate governance while creating long-term value for all shareholders.
  • Genco’s preliminary proxy materials can be found here as well as on the Company’s website at https://www.gencoshipping.com/.
  • The Genco Board recommends that shareholders discard any proxy materials from GK Investor and vote using the WHITE proxy card they will receive as part of the definitive proxy materials that will be delivered by the Company.
  • Jefferies LLC is acting as financial advisor to Genco, and Kramer Levin Naftalis & Frankel LLP is serving as legal counsel.

Genco Shipping & Trading Rejects George Economou Nominees

Retrieved on: 
Tuesday, March 5, 2024
Annual general meeting, Transport, Growth, GNK, Pons, Pāramitā, Security (finance)

As part of its review process, our Nominating and Corporate Governance Committee interviewed both nominees and determined that they respectively are not additive to our Board’s existing skills and expertise or lack sufficient experience in shipping and related industries.

Key Points: 
  • As part of its review process, our Nominating and Corporate Governance Committee interviewed both nominees and determined that they respectively are not additive to our Board’s existing skills and expertise or lack sufficient experience in shipping and related industries.
  • Our Board already possesses significant, essential experience for Genco, including experience in shipping, fleet management and commercial and technical management, capital allocation management, financial reporting and M&A.
  • To that end, the Board is focused on our Comprehensive Value Strategy to drive value through drybulk shipping market cycles.
  • The Board will continue to take actions it believes are in the best interest of the Company and all its shareholders.

Genco Shipping & Trading Appoints Paramita Das to Board of Directors

Retrieved on: 
Tuesday, March 5, 2024
Rio Tinto, Mining, Transport, ESG, GNK, Development, Mineral, Metal, Management

NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the appointment of Paramita Das to its Board of Directors effective immediately.

Key Points: 
  • NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the appointment of Paramita Das to its Board of Directors effective immediately.
  • With her appointment, the Board will comprise seven directors.
  • Ms. Das brings significant global leadership experience in the commodities sector.
  • Ms. Das currently serves on the Board of Coeur Mining, Inc.
    “Paramita is a highly respected global leader who brings a deep understanding of the commodities markets, which are vital to Genco, as well as further diversity to our Board,” said James G. Dolphin, Chairman of the Board.

Genco Shipping & Trading Limited Announces Participation at Upcoming Investor Conferences

Retrieved on: 
Monday, March 4, 2024
GNK, Genco

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, and Peter Allen, Chief Financial Officer, are scheduled to participate in the following investor conferences:

Key Points: 
  • NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, and Peter Allen, Chief Financial Officer, are scheduled to participate in the following investor conferences:
    Genco management will also participate in investor meetings held in conjunction with both conferences.
  • For more information or to schedule 1x1 meetings, please contact your respective conference representative.

REMINDER - Leading Dry Bulk & Container Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City

Retrieved on: 
Monday, February 26, 2024
Marketing, Forum, GNK, NMM, SHIP

It is a meeting place for C-level Executives from the maritime industry and the finance and investment communities involved with shipping.

Key Points: 
  • It is a meeting place for C-level Executives from the maritime industry and the finance and investment communities involved with shipping.
  • Discussions will include topics of critical relevance to the industry geopolitics, energy security, sanctions, access to capital, regulation, technology, innovation and more.
  • The Forum features a series of panel discussions as well as 1x1 meetings between investors and executives from shipping companies.
  • This one-day conference is known for its rich informational content and the extensive marketing, networking and business development opportunities.

Leading Dry Bulk & Containers Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday March 11, 2024 in New York City

Retrieved on: 
Tuesday, February 13, 2024
Marketing, Forum, GNK, NMM, SHIP

It is a meeting place for C-level Executives from the maritime industry and the finance and investment communities involved with shipping.

Key Points: 
  • It is a meeting place for C-level Executives from the maritime industry and the finance and investment communities involved with shipping.
  • Discussions will include topics of critical relevance to the industry geopolitics, energy security, sanctions, access to capital, regulation, technology, innovation and more.
  • The Forum features a series of panel discussions as well as 1x1 meetings between investors and executives from shipping companies.
  • This one-day conference is known for its rich informational content and the extensive marketing, networking and business development opportunities.

Genco Shipping & Trading Limited Announces Fourth Quarter 2023 Conference Call and Webcast

Retrieved on: 
Tuesday, February 6, 2024
GNK, Internet, Webcast, Eastern Time Zone

NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the fourth quarter of 2023 on Thursday, February 22, 2024 at 8:30 a.m. Eastern Time.

Key Points: 
  • NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the fourth quarter of 2023 on Thursday, February 22, 2024 at 8:30 a.m. Eastern Time.
  • The conference call will also be broadcast live over the Internet and include a slide presentation.
  • The Company will issue financial results for the fourth quarter ended December 31, 2023 on Wednesday, February 21, 2024 after the close of market trading.
  • If you are unable to participate at this time, a replay of the call will be available for two weeks at 416-764-8692 or 877-674-7070.