US Stock Insider Trading | Genko Shipping Trade disclosed 4 insider transactions on February 18

February 18, 2026, Genco Shipping & Trading Limited (GNK) disclosed four insider transactions. Director WOBENSMITH JOHN C sold 18,600 shares on February 18, 2026.

[Recent Insider Transactions]

[Company Profile]

Genco Shipping & Trading Limited, headquartered in New York City, was incorporated in the Marshall Islands in 2004. The company operates a fleet of dry bulk carriers that transport iron ore, coal, grain, steel, and other dry bulk cargoes along shipping routes worldwide. Excluding its vessels under 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 average of 10 years for dry bulk vessels in the international market. All ships in the fleet are built in shipyards known for producing high-quality vessels. Aside from Baltic Trading Limited, about 75% of the fleet operates under spot market charters, while approximately 15% are on fixed-rate time charters. Additionally, five ships are operated within a joint venture with Lauritzen. Under the joint venture agreement, ships operate under time charter agreements where fuel and port charges are paid from joint funds, while operating expenses such as crew wages, maintenance, and insurance are borne by the shipowners. Since the joint venture members share the revenue generated by all ships in the fleet and the joint venture trades in the spot market, the income from these five vessels is affected by spot market fluctuations. Most of the company’s ships are chartered to well-known charterers, including Lauritzen Bulkers, Cargill, Pacbasin, Trafigura, Klaveness, and Swissmarine, with Lauritzen Bulkers acting as the joint venture manager.