Genco Shipping & Trading Limited (NYSE:GNK) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET
Company Participants
John C. Wobensmith - Chief Executive Officer
Peter Allen - Chief Financial Officer
Michael Orr - Dry Bulk Market Analyst
Conference Call Participants
Omar Nokta - Jefferies
Liam Burke - B. Riley
Sherif Elmaghrabi - BTIG
Poe Fratt - Alliance Global Partners
Operator
Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2024 Earnings Conference Call and Presentation.
Before we begin, please note that there will be a slide presentation accompanying today’s conference call. That presentation can be obtained from Genco’s website at www.gencoshipping.com. To inform everyone, today’s conference is being recorded and is now being webcast at the Company’s website, www.gencoshipping.com.
We will conduct a question-and-answer session after the opening remarks, instructions will follow at that time. A replay of the conference will be accessible anytime during the next two weeks by dialing 800-938-2487 and entering the passcode 24967.
At this time, I will now turn the conference over to the Company. Please go ahead.
Peter Allen
Good morning. Before we begin our presentation, I note that in this conference call, we will be making certain forward-looking statements pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements use words such as anticipate, budget, estimate, expect, project, intend, plan, believe and other words and terms of similar meaning in connection with the discussion of potential future events, circumstances or future operating or financial performance. These forward-looking statements are based on management’s current expectations and observations.
For a discussion of factors that could cause results to differ, please see the Company’s press release that was issued yesterday and materials relating to this call posted on the Company’s website and the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s annual report on Form 10-K for the year ended December 31, 2023, and the Company’s reports on Form 10-Q and Form 8-K subsequently filed with the SEC.
At this time, I would like to introduce John Wobensmith, Chief Executive Officer of Genco Shipping & Trading Limited.
John C. Wobensmith
Good morning, everyone. Welcome to Genco’s first quarter 2024 conference call. In addition to reviewing our Q1 2024 and year-to-date highlights, we want to use this opportunity to provide an update on the progress we are making three years into our comprehensive value strategy as well as on the industry’s current fundamentals. We will then open up the call for questions. For additional information, please also refer to our earnings presentation posted on our website.