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Genco reported third-quarter net income of $38 million and adjusted EBITDA of $68.1 million, up 214% year over year, with higher charter rates and fleet growth cited as drivers. Its average time-charter-equivalent rate rose 73% year over year to $27,539 per day, and the company declared a record quarterly dividend of $1.05 per share.
Stronger dry-bulk charter rates can raise ocean freight costs for grain and feed ingredients. The earnings figures do not establish a specific change in grain shipping costs, so any commodity-price effect is indirect.
fool.comMotley Fool TranscribingNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
