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Balance Sheet Cash Flow Statement 299 Park Ave., 20th Fl. New York, NY 10171 NY Tel. 646-443-8550 Fax 646-443-8551 |
Type: Public
On the web:
http://gencoshipping.com
Employees:
701
Employee growth: 13.6%
Marine transportation company Genco Shipping & Trading transports dry cargo in a wet environment. The company maintains a fleet of about 30 oceangoing dry bulk carriers, which it charters mainly on long-term contracts to shippers of bulk commodities and marine transportation companies. Its fleet has an overall capacity of about 2.4 million deadweight tons (DWT). Genco Shipping's vessels transport cargo such as coal, grain, iron ore, and steel products. About 90% of its vessels on time-charter contracts. Customers have included BHP Billiton, Cargill, Lauritzen Bulkers and NYK. Pacific Basin Chartering and Cargill make up about 10% of the company's revenues. Genco Shipping & Trading was founded in 2004.
Key numbers for fiscal year ending December, 2008:
Sales: $405.4M
One year growth: 118.7%
Net income: $86.6M
Income growth: (18.9%)
Officers:
Chairman: Peter C. Georgiopoulos
President: Robert Gerald Buchanan
CFO, Principal Accounting Officer, Secretary, and Treasurer: John C. Wobensmith
Competitors:
DryShips Inc.
Eagle Bulk Shipping
Excel Maritime Carriers
