Genco Shipping & Trading Limited is a U.S.-based drybulk shipowner founded in 2004 and headquartered in New York. Its origin story is straightforward: build a modern, oceangoing fleet to carry staple commodities on global routes, then expand and streamline through selective corporate actions—most notably the 2015 combination with Baltic Trading Limited, which consolidated assets under one platform. Company filings and historical disclosures consistently frame the business as a dedicated drybulk carrier serving worldwide commodity flows.
The core activity is transporting major and minor bulks—iron ore, coal, grain, bauxite, steel products, cement, and other dry cargoes—along established trade lanes. Genco’s commercial approach mixes fixed-period time charters with market exposure, leveraging a modern fleet and a centralized operating platform to align employment with customer needs while managing market cycles. Corporate materials emphasize this role as an asset-owning carrier focused on dependable carriage for industrial counterparties and trading houses.
Operationally, the fleet is concentrated in three workhorse classes: Capesize for major bulks and Ultramax/Supramax for minor bulks. That blend gives the company flexibility to load everything from iron ore and coal on long-haul routes to grains and steel products on regional and cross-ocean trades, with technical and commercial management organized to keep vessels efficiently employed and compliant across jurisdictions. Public fleet descriptions and company overviews highlight this balance between ship size, cargo mix, and deployment options.
Over the years, Genco has presented itself as a modern, full-service logistics partner within the drybulk niche, supported by an in-house platform and a network of chartering relationships. Investor and regulatory materials also place the company within a highly fragmented owner base, underscoring the importance of scale, vessel quality, and charter diversification in a competitive market. Taken together, its history, fleet composition, and employment strategy outline a specialized drybulk owner focused on reliable commodity transport across global routes.