Genco Shipping & Trading Limited traded at $25.89 this Wednesday August 5th, decreasing $0.08 or 0.31 percent since the previous trading session. Looking back, over the last four weeks, Genco Shipping & Trading Limited lost 3.64 percent. Over the last 12 months, its price rose by 52.92 percent. Looking ahead, we forecast Genco Shipping & Trading Limited to be priced at 25.00 by the end of this quarter and at 23.44 in one year, according to Trading Economics global macro models projections and analysts expectations.
Genco Shipping & Trading Limited is a provider of international seaborne drybulk transportation services. The Company transports iron ore, coal, grain, steel products and other drybulk cargoes. It is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. The Company's fleet consisted of 40 drybulk vessels, including 17 Capesize drybulk carriers, nine Ultramax drybulk carriers and 14 Supramax drybulk carriers, with an aggregate carrying capacity of approximately 4,368,800 deadweight tons (dwt). Its vessels include Baltic Bear, Baltic Hornet, Baltic Lion, Baltic Wolf, Genco Aquitaine, Genco Augustus, Genco Bourgogne, Genco Liberty, Genco Picardy and Genco Vigilant.