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Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.
Genco Shipping & Trading's Average Age of Fleet in Years for the quarter that ended in Jun. 2026 was 12.70
, which the same as as previous quarter (Mar. 2026)'s result.
The historical rank and industry rank for Genco Shipping & Trading's Average Age of Fleet in Years or its related term are showing as below:
GNK's Average Age of Fleet in Years is not ranked *
in the Transportation industry.
Industry Median: * Ranked among companies with meaningful Average Age of Fleet in Years only.
Genco Shipping & Trading (NYSE:GNK) Average Age of Fleet in Years Explanation
Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.
According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.
Genco Shipping & Trading Average Age of Fleet in Years Related Terms
Genco Shipping & Trading Average Age of Fleet in Years Historical Data
* Premium members only.
The historical data trend for Genco Shipping & Trading's Average Age of Fleet in Years can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Genco Shipping & Trading Average Age of Fleet in Years Chart
GNK vs CCEC, SB, ASC: Average Age of Fleet in Years Comparison
For the Marine Shipping subindustry, Genco Shipping & Trading's Average Age of Fleet in Years, along with its competitors' market caps and Average Age of Fleet in Years data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
What does a Average Age of Fleet in Years of 12.70 mean?
Genco Shipping & Trading (GNK) has a Average Age of Fleet in Years of 12.70 as of Jun. 2026.
Is Genco Shipping & Trading's Average Age of Fleet in Years too high?
Genco Shipping & Trading's current Average Age of Fleet in Years is 12.70. Overall, Genco Shipping & Trading has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Genco Shipping & Trading's Average Age of Fleet in Years compare to CCEC and SB?
Genco Shipping & Trading's Average Age of Fleet in Years of 12.70 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Average Age of Fleet in Years for a Transportation company?
A good Average Age of Fleet in Years depends on the Transportation industry context. However, Average Age of Fleet in Years should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Average Age of Fleet in Years mean?
A high Average Age of Fleet in Years can signal that a stock is expensive relative to its fundamentals. Genco Shipping & Trading's current Average Age of Fleet in Years is 12.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genco Shipping & Trading stock overvalued right now?
Based on GuruFocus' analysis, Genco Shipping & Trading (GNK) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.97, compared to a current price of $27.00 — trading 35.2% above its estimated fair value. The current Average Age of Fleet in Years is 12.70. Genco Shipping & Trading's overall GF Score™ is 64/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Average Age of Fleet in Years calculated?
Average Age of Fleet in Years is calculated from a company's financial statements. For Genco Shipping & Trading (GNK), the current Average Age of Fleet in Years is 12.70 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Genco Shipping & Trading (GNK) Overvalued in 2026?
Based on GuruFocus' analysis, Genco Shipping & Trading stock appears to be overvalued.
The current stock price of $27.00 is trading 35.2% above its estimated GF Value™ of $19.97.
GuruFocus considers Genco Shipping & Trading to be Significantly Overvalued.
Key valuation signals for GNK:
Average Age of Fleet in Years: 12.70
GF Value™: $19.97 vs. price of $27.00 (35.2% above fair value)
No single metric tells the full story. See the GNK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, with two reportable segment: Major and Minor bulk fleet. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. oyage revenues also include the sale of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.
64GF Score
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