Marine transportation company Genco Shipping & Trading transports dry cargo in a wet environment. The company maintains a fleet of about 50 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 almost 4 million deadweight tons (DWT). Genco Shipping’s vessels transport cargo such as coal, grain, iron ore, and steel products. More than half of its vessels are on time-charter contracts. Customers have included BHP Billiton, Lauritzen Bulkers, and NYK; clients Cargill and Pacific Basin Shipping make up about 10% of the company’s revenues. Genco Shipping & Trading was founded in 2004.
Genco Shipping And Trading
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0.91
Overall Excellence Rating
Industry
Transportation & LogisticsCategory
Shipping & TruckingESG/Ethical Impact
We are focused on maintaining a safe, fair operating environment for our personnel and generating returns for our investors while doing our part to address climate change. As the largest U.S. based drybulk shipping company and one of the largest in the world, Genco recognizes the need to run a safe and responsible business built for the long term. We regularly integrate Environmental, Social, and Governance (ESG) practices into our operational and strategic decision-making. As such, we aim to meet and, if possible and appropriate for our business, exceed the minimum compliance levels set forth in the rules and regulations governing the maritime industry. Earlier this year, we established an ESG Committee dedicated to oversight activities regarding ESG and reporting to our Board of Directors. In that role, the ESG Committee will review our ESG strategy and assess our performance. Balance Sheet Management Genco has taken a disciplined approach toward allocating capital, with an emphasis on driving shareholder value.
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Awards Received
2023
Revenues
384000000.00
Website Traffic
Employee Rating
4.00
Customer Rating
Company Size
1000-5000
ESG Risk Rating
3.00
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