# Genco Shipping (GNK) Q3 2026 Earnings Call Transcript

> 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.

- Date: 2026-11-05 · published 2026-11-06T15:09:47.326Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/84133-genco-shipping-gnk-q3-2026-earnings-call-transcript
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- fool.com: https://www.fool.com/earnings/call-transcripts/2026/11/05/genco-shipping-gnk-q3-2026-earnings-call-transcript/?referring_guid=16825dc8-4906-4b62-bf52-8cc22053fb91

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.