Genco Shipping & Trading Limited

  • A Melting Arctic Means More Shipping, Drilling for Fuel

    By Gerelyn Terzo - July 30, 2013 | Tickers: COP, GRMN, GNK

    As the Earth's temperature rises as a result of global warming, one of the effects is melting ice in the Arctic Ocean. Ice in the Arctic  has long been a barrier for greater trade activity because it blocks ships from crossing the body of water. For instance, in 2010, only four ships crossed the Arctic, according to Scientific American. That number rose to 34 in 2011 and a record-breaking more »

  • The Danger and Opportunity in This Sinking Sector

    By Shmulik Karpf - June 26, 2013 | Tickers: EGLE, EXMCQ, GNK

    Editor's Note: This article has been amended to correct Genco's total debt. Motley Fool apologizes for the error.

    Everywhere you look, you see prices of commodities falling. Due to the general economic slowdown in China and Europe, prices of metals such as ore, platinum and uranium have crashed. Slowing demand for these commodities is one reason rates for "dry bulk shippers" – which carry cargo like coal, iron ore more »

  • Don't Ignore Shipping's Headwinds

    By Joshua Bondy - January 17, 2013 | Tickers: DSX, DRYS, GNK, NM

    The shipping industry faces a number of challenging headwinds. Quicker turnaround times make on-shoring an attractive proposition. Chinese wages continue to rise and it is expected that in 2015 productivity adjusted Mexican wages will be lower than Chinese wages. If a significant number of factories are moved to Mexico or the United States then this would be negative factor for pacific trade volumes. Geopolitical conflicts should not be ignored; the more »

  • 5 Reasons Shipping Stocks are Sailing Higher

    By Jonathan Yates - October 3, 2012 | Tickers: CMRE, FRO, GNK, SBLK, ULTR

    A "Perfect Storm" of factors has gathered that has shipping stocks sailing higher in recent trading.

    While The Great Recession sank many shipping companies, others have started to recover.   Over the last month of market action, Frontline Inc (NYSE: FRO) and Starbulk Carriers (NASDAQ: SBLK) were both up more than 20%.  For the last four weeks, Costamare Inc. (NYSE: CMRE) rose by 18.93%.  Genco Shipping & Trading (NYSE: GNK) jumped more »

  • Tanker Industry Continues to Look Weak

    By RJ Towner - September 6, 2012 | Tickers: DRYS, FRO, GNK, NAT, TGP

    The tanker business remains challenged, with Nordic American Tankers (NYSE: NAT) issuing a warning about its third quarter results Tuesday. CEO Herbjorn Hansson authored a letter to shareholders, letting investors know that the third quarter will be worse than the second quarter. He noted that he is not sure when the industry tide will turn and that industry fundamentals continue to languish. Hansson also mentioned that the firm has identified more »

  • P/B is Overrated

    By Robbert Manders - August 27, 2012 | Tickers: FB, GNK, GM, IBM

    The price of a security divided by its book value is, as a valuation metric, overvalued. Many stock valuation models are (at least partly) based on this ratio, but this does not mean that a causal relationship exists between high future returns and low P/B ratios. There are many factors that influence the usefulness of the P/B ratio when analyzing non-financial publicly traded companies.

    Fixed assets
    Book value more »

  • Will These Companies Still be Around in 2 Years?

    By Robbert Manders - August 13, 2012 | Tickers: BAC, DSX, DRYS, GNK

    ‘Will my company still be around in 2 years’ is a question every investor in dry bulk shipping should ask himself. The industry has had some misfortune with many new ships entering the market in the last few years while demand for those ships lags because of a global economic cool down. The nature of the industry causes a very dramatic decrease in shipping rates as the bottom is somewhere more »