Genco Q1 net income swings to $9.3 million; revenue rises to $114.43 million

Genco Shipping & Trading

GNK

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Genco Shipping & Trading posted net income attributable to shareholders of USD 9.3 million in Q1 2026, returning to profit from a loss a year earlier.
Adjusted EBITDA more than quadrupled year over year to USD 36 million.
Voyage revenues climbed 60.56% to USD 114.43 million.
Total TCE rate rose to USD 19,346 from USD 11,884, while fleet utilization improved 1.2 percentage points to 99.2%.

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