Genco Shipping & Trading Swings to Q3 2026 Net Income of $38 Million From Year-Earlier Loss
Bitget2026/11/04 22:22- Genco Shipping & Trading swung to third-quarter 2026 net income attributable to shareholders of $38 million from a year-earlier loss.
- Voyage revenues rose 90% year-over-year to $151.86 million, due primarily to higher freight rates, a larger fleet and fewer drydocking days.
- The quarterly dividend increased year-over-year to a record $1.05 per share, marking the 29th consecutive quarterly payout.
- Management reiterated its fourth-quarter 2026 dividend projection of greater than $1 per share.
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