GNK (Genco Shipping & Trading) Fleet Utilization %: 99.20% (As of Mar. 2026)


GNK Genco Shipping & Trading Ltd GNK
57 GF Score
Price $24.50
GF Value $16.90
Valuation Significantly Overvalued
! 14 Warning Signs
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What is Genco Shipping & Trading Fleet Utilization %?

Genco Shipping & Trading GNK -0.65% 57 Fleet Utilization % is 99.20% as of Mar. 2026. GuruFocus rates GNK with a GF Score™ of 57/100 and a GF Value™ of $16.90 (Significantly Overvalued). The stock has 14 warning signs investors should review.

Fleet Utilization % is a comparison of demand to fleet capacity.

Genco Shipping & Trading's Fleet Utilization % for the quarter that ended in Mar. 2026 was 99.20% , which is higher than 99.10% for the pervious quarter ended in Dec. 2025.

Genco Shipping & Trading's Fleet Utilization % for the annual that ended in Dec. 2025 was 98.40% , which is higher than 96.80% for the pervious year ended in Dec. 2024.

The historical rank and industry rank for Genco Shipping & Trading's Fleet Utilization % or its related term are showing as below:

GNK's Fleet Utilization % is not ranked *
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Fleet Utilization % only.

Genco Shipping & Trading  (NYSE:GNK) Fleet Utilization % Explanation

Fleet Utilization % is a comparison of demand to fleet capacity. Capacity and demand changes daily, and hence the approach to manage it varies as well. Companies can improve fleet utilization by using dynamic routing/backhauling or optimizing maintenance of fleet vehicles.

Genco Shipping & Trading Fleet Utilization % Related Terms

Genco Shipping & Trading Fleet Utilization % Historical Data

* Premium members only.

The historical data trend for Genco Shipping & Trading's Fleet Utilization % 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 Fleet Utilization % Chart

Genco Shipping & Trading Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Fleet Utilization %
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Genco Shipping & TradingQuarterly Data
Trend Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Fleet Utilization %
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GNK vs CCEC, GSL, SFL: Fleet Utilization % Comparison

For the Marine Shipping subindustry, Genco Shipping & Trading's Fleet Utilization %, along with its competitors' market caps and Fleet Utilization % 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.

GNK
57GF Score
Genco Shipping & Trading Ltd GNK
Fleet Utilization % is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions
What does a Fleet Utilization % of 99.20% mean?
Genco Shipping & Trading (GNK) has a Fleet Utilization % of 99.20% as of Mar. 2026. Fleet utilization is a comparison of demand to fleet capacity. View historical data on Genco Shipping & Trading and its competitors.
Is Genco Shipping & Trading's Fleet Utilization % too high?
Genco Shipping & Trading's current Fleet Utilization % is 99.20%. Overall, Genco Shipping & Trading has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Genco Shipping & Trading's Fleet Utilization % compare to CCEC and GSL?
Genco Shipping & Trading's Fleet Utilization % of 99.20% 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 Fleet Utilization % for a Transportation company?
A good Fleet Utilization % depends on the Transportation industry context. However, Fleet Utilization % 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 Fleet Utilization % mean?
A high Fleet Utilization % can signal that a stock is expensive relative to its fundamentals. Fleet utilization is a comparison of demand to fleet capacity. View historical data on Genco Shipping & Trading and its competitors. Genco Shipping & Trading's current Fleet Utilization % is 99.20%. 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 $16.90, compared to a current price of $24.50 — trading 45% above its estimated fair value. The current Fleet Utilization % is 99.20%. Genco Shipping & Trading's overall GF Score™ is 57/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Fleet Utilization % calculated?
Fleet Utilization % is calculated from a company's financial statements. For Genco Shipping & Trading (GNK), the current Fleet Utilization % is 99.20% as of Mar. 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 $24.50 is trading 45% above its estimated GF Value™ of $16.90. GuruFocus considers Genco Shipping & Trading to be Significantly Overvalued.

Key valuation signals for GNK:

  • Fleet Utilization %: 99.20%
  • GF Value™: $16.90 vs. price of $24.50 (45% above fair value)
  • GF Score™: 57/100 with 14 warning signs

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 Business Description

Other Exchanges GNU1:Germany
Address 299 Park Avenue, 12th Floor, New York, NY, USA, 10171
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.
57GF Score

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Fleet Utilization % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.50
Price
$16.90
GF Value