Genco Shipping & Trading Ltd (GNK) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

intend, plan, believe, in other words, in 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, the 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 10K for the year ended December 31, 2024, and the company's reports on Form 10Q and Form 8K subsequently followed at the SEC. At this time, I would like to introduce John Woebensmith, Chief Executive Officer of Genco Shipping and Trading Limited. Good morning, everyone. I will begin today's call by reviewing our Q2 2025 and -to-date highlights. Additionally, we will provide an update on our value strategy, discuss our financial results for the quarter, as well as the industry's current fundamentals before opening the call up for questions. For additional information, please also refer to our earnings presentation posted on our website. Starting on slide five, during the second quarter, we continue to prioritize returning cash to shareholders through market cycles while taking additional steps to further expand our earnings power. For the second quarter, we declared a dividend of $0.15 per share, despite an intensive dry docking quarter, extending our track record of 24 quarters of consecutive dividends and marking the longest period of uninterrupted dividends in our dry flow period. Including the Q2 dividend, Genco has declared .91.50 in dividends per shar...