Genco Shipping & Trading Limited Reports Estimated Q2 2025 TCE Rate of $13,800 Per Day for 95% of Fleet
Genco Shipping & Trading Limited has provided an update on its estimated time charter equivalent (TCE) rate for the second quarter of 2025. The company projects a TCE rate of approximately $13,800 per day across its fleet for about 95% of its owned available days for the quarter. This estimate is based on both period and spot fixtures for its vessels, inclusive of a scrubber premium. However, this figure may be subject to changes upon the finalization of financial results for the quarter, influenced by rates obtained for remaining available days and the timing of voyage revenue and expenses in accordance with GAAP reporting standards. Net revenue is calculated by multiplying the TCE by owned available days. Genco Shipping & Trading Limited emphasizes that these forward-looking estimates are based on current management expectations and various factors could cause actual results to differ.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-022460), on June 13, 2025, and is solely responsible for the information contained therein.
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