Genco Shipping & Trading Ltd Global Investor Call Hosted by Clarksons Platou Securities Transcript

Apr 21, 2021 / 01:00PM GMT
Omar Mostafa Nokta - Clarksons Platou Securities, Inc., Research Division - Head of Shipping Research & Analyst

Hello, everyone. Thank you all for joining us today. My name is Omar Nokta, Managing Director for Clarksons Platou Securities. And I'm very happy to be joined today by the management team of Genco Shipping & Trading. We have John Wobensmith, CEO of the company with us; and also Apostolos Zafolias, the CFO; and Peter Allen, SVP of Strategy and Finance.

As many of you know, Genco is one of the largest publicly-listed drybulk shipping companies trading on the New York Stock Exchange with a market cap of around $500 million. We think it's a very exciting time for the shipping industry and for the drybulk sector, especially and even more so for Genco.

Genco's got a fleet of around 40 ships and it has a barbell focus on the large Capesize ships and the midsized Ultramax and Supramaxes given the company real direct exposure to the iron ore and minor bulk trades. Obviously, the [check] was off to a very strong start, and the outlook continues to be favorable in our view, and we

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