GENCO SHIPPING & TRADING overview

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / Genco Shipping & Trading Ltd (NYSE: GNK ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018 at 8:30 AM Eastern Time. To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/company/2599 . To receive updates for this company you can register by emailing [email protected] or by clicking get investment info from the company's profile. About Investor...

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NEW YORK, Nov. 15, 2016 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) announced today that it has closed on a previously announced $400 million credit facility and certain amendments to the Company’s existing $98 Million Credit Facility and its 2014 Term Loan Facilities with ABN AMRO. Genco also announced that it has completed the sale of an aggregate of $125 million of Series A Preferred Stock of the Company. Proceeds from the new $400...

NEW YORK, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) today reported its financial results for the three and nine months ended September 30, 2016. The following financial review discusses the results for the three and nine months ended September 30, 2016 and September 30, 2015. Third Quarter 2016 and Year-to-Date Highlights Recorded a net loss attributable to Genco Shipping & Trading Limited of $27.5 million for the third...

NEW YORK, Oct. 27, 2016 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (the “Company”) announced today that it has entered into an agreement with certain investors for the purchase of Series A Convertible Preferred Stock (the “Series A Preferred Stock”) of the Company in an aggregate amount of $38.6 million at a price of $4.85 per share. Such investors include affiliates of the Company’s three largest shareholders as well as a number of other investors. The Series A...

NEW YORK, Oct. 27, 2016 (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 third quarter of 2016 on Thursday, November 3, 2016 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 third quarter ended September 30, 2016 on Wednesday, November 2, 2016 after the close of...

NEW YORK, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) announced today that Peter C. Georgiopoulos has resigned from his role as Chairman of the Board, effective immediately. Arthur L. Regan has been elected as Interim Executive Chairman. Mr. Georgiopoulos commented, “With the proposed bank refinancing and equity commitment from major shareholders, I believe Genco is well positioned in a challenging drybulk market. As the...

NEW YORK, Oct. 06, 2016 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) announced today that it has entered into agreements with funds or related entities managed by affiliates of Centerbridge Partners, L.P., funds or related entities managed by Strategic Value Partners, LLC or its affiliates, and funds managed by affiliates of Apollo Global Management, LLC, representing the Company’s three largest shareholders, for the purchase of an...