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.
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