US Stock Insider Trading | Genke Shipping and Trading disclosed three insider trading transactions on February 23

K-LinePoet · 2026-02-27T11:35:57+00:00

Genke Shipping and Trading (GNK) recently disclosed multiple insider transactions, including Director WOBENSMITH JOHN C selling 39,200 shares on February 23, 2026. The company is primarily engaged in dry bulk shipping, with a fleet of 70 vessels and a transportation capacity of 5,158,000 deadweight tons.

K-LinePoet

2026-02-27 11:35:57

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February 23, 2026, Genco Shipping & Trading Limited (GNK) disclosed three insider transactions. Director WOBENSMITH JOHN C sold 39,200 shares on February 23, 2026.

【Recent Insider Transactions】

Disclosure Date	Position	Name	Transaction Date	Buy/Sell	Quantity	Price per Share/USD	Total Amount/USD
February 23, 2026	Executive	Adamo Joseph	February 23, 2026	Sell	6,340	23.67	150,100
February 23, 2026	Director	WOBENSMITH JOHN C	February 23, 2026	Sell	39,200	23.66	928,500
February 23, 2026	Executive	Christensen Jesper	February 23, 2026	Sell	18,500	23.66	436,500
February 18, 2026	Director	WOBENSMITH JOHN C	February 18, 2026	Sell	18,600	23.26	433,600
February 18, 2026	Executive	Christensen Jesper	February 18, 2026	Sell	8,260	23.27	192,200
February 18, 2026	Executive	Adamo Joseph	February 18, 2026	Sell	3,227	23.27	75,100
February 18, 2026	Executive	Allen Peter George	February 18, 2026	Sell	6,232	23.27	145,000
September 15, 2025	Director	WOBENSMITH JOHN C	September 12, 2025	Sell	20,000	18.12	362,400
September 15, 2025	Director	WOBENSMITH JOHN C	September 15, 2025	Sell	19,000	18.44	350,400
September 10, 2025	Director	WOBENSMITH JOHN C	September 8, 2025	Sell	52,000	18.01	936,500

【Company Profile】

Genco Shipping & Trading Limited, headquartered in New York City, was incorporated in the Marshall Islands in 2004. The company owns and operates dry bulk carriers that transport iron ore, coal, grain, steel, and other dry bulk cargoes worldwide. Excluding vessels from Baltic Trading Limited, the fleet currently consists of 70 dry bulk ships, including 13 Cape-sized, 8 Panamax, 21 Handymax, 6 Supramax, and 18 Dry Bulk Carriers, with a total carrying capacity of approximately 5,158,000 deadweight tons. The average age of the fleet is 9.4 years, compared to the global industry average of 10 years for dry bulk vessels. All ships in the fleet are built in shipyards known for high-quality construction. About 75% of the fleet operates under spot market charters, while approximately 15% are on fixed-rate time charters. Additionally, five vessels are operated within Lauritzen joint ventures under a pooling agreement, where ships operate under time charter agreements with shared fuel and port costs, while owners bear crew, maintenance, and insurance costs. Since the joint ventures share revenue from all ships and trade in the spot market, these five vessels’ income is affected by spot market fluctuations. Most of the company’s ships are chartered to well-known leasing companies, including Lauritzen Bulkers, Cargill, Pacbasin, Trafigura, Klaveness, and Swissmarine, with Lauritzen Bulkers acting as the joint venture manager.

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