根科船务贸易 2026年季度报告

FORM10-Q ⌧QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March 31, 2026 OR ◻TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromto Commission File Number 001-33393 GENCO SHIPPING & TRADING LIMITED(Exact name of registrant as specified in its charter) 299 Park Avenue, 12th Floor, New York, New York 10171(Address of principal executive offices)(Zip Code)(646) 443-8550(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days. Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Large accelerated filer◻Accelerated filer⌧Non-accelerated filer◻Smaller reporting company☐Emerging growth company◻If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No⌧ Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the SecuritiesExchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes⌧No◻ The number of shares outstanding of each of the issuer’s classes of common stock, as of May 6, 2026: Common stock, par value $0.01 per share —43,577,051 shares. Genco Shipping& Trading Limited PARTI — FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited)4a)Condensed Consolidated Balance Sheets as of March 31, 2026 and December31,20254b)Condensed Consolidated Statements of Operations for the Three Months endedMarch 31, 2026 and 20255c)Condensed Consolidated Statements of Comprehensive Income (Loss) for the ThreeMonths ended March 31, 2026 and 20256d)Condensed Consolidated Statements of Equity for the Three Months ended March31, 2026 and 20257e)Condensed Consolidated Statements of Cash Flows for the Three Months endedMarch 31, 2026 and 20258f)Notes to Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations23Item 3.Quantitative and Qualitative Disclosures About Market Risk44Item 4. Controls and Procedures45PARTII —OTHER INFORMATIONItem1A.Risk Factors45Item 5. Other Information46Item 6. Exhibits46 Website Information We intend to use our website, www.GencoShipping.com, as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Suchdisclosures will be included in our website’s Investor section. Accordingly, investors should monitor theInvestor portion of our website, in addition to following our press releases, filings with the U.S. Securitiesand Exchange Commission (the “SEC”), public conference calls, and webcasts. To subscribe to our e-mailalert service, please submit your e-mail address at the Investor Relations Home pageof the Investor sectionof our website. The information contained in, or that may be accessed through, our website is notincorporated by reference into or a part of this document or any other report or document we file with orfurnish to the SEC, and any references to our website are intended to be inactive textual references only. PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTS Genco Shipping & Trading LimitedCondensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025(U.S. Dollars in thousands, except for share and per share data)(Unaudited) Genco Shipping& Trading LimitedCondensed Consolidated Statements of OperationsFor the Three Months Ended March 31, 2026 and 2025(U.S. Dollars in Thousands, Except for Earnings Per Share and Share Data)(Unaudited) Genco Shipping& Trading LimitedCondensed Consolidated Statements of Comprehensive Income (Loss)For the Three Months Ended Mar