GNK GENCO SHIPPING & TRADING LTD Loading...

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12:43
Jun 17
Newsquawk Newswire (@Newsquawk)
Pre-market movers include Intel up on chip process news, Oracle down after Microsoft walked away from a cloud deal, and La-Z-Boy surging on earnings beat and buyback announcement.
GNK
23:51
Jun 02
BarbarianCap Twitter Analyst
Genco's board has unanimously rejected Diana Shipping's buyout offer, leaving the dry bulk shipping M&A situation unresolved.
GNK
LOW
16:31
May 07
John Wobensmith Chairman and CEO, Genco Shipping & Trading Bloomberg Markets
Dry bulk shipping cycle is strong.
Dry bulk shipping is in a strong cyclical upswing driven by favorable supply-demand dynamics: demand for commodities is increasing while fleet growth is constrained (slower speeds, rerouting), leading to higher freight rates and better dividends. Genco is benefiting from this and continues to invest in larger vessels.
GNK 1ST
HIGH

About GNK Analyst Coverage

Buzzberg tracks GNK (GENCO SHIPPING & TRADING LTD) across 3 sources. 1 bullish vs 0 bearish calls from 3 analysts. Sentiment: predominantly bullish (33%). 3 total trade ideas tracked. Latest voices: Newsquawk, BarbarianCap, John Wobensmith.