Genco Shipping A/S: Financial statements 2023
CVR: 39446502
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
Genco Shipping A/S (CVR 39446502) has filed annual accounts for 2023. In 2023, the company reported a gross profit of USD 1,866,000 and a net result of USD 724,000 compared with USD 4,461,000 the year before. That is a decrease of 72.5% compared with the year before. Equity in the 2023 report amounted to USD 2,361,000. The solvency ratio was 77.5%. The company had 5 employees in the financial year.
- Gross Profit
- USD 1,866,000
- Profit/Loss
- USD 724,000
- Equity
- USD 2,361,000
- Total Assets
- USD 3,047,000
- Employees
- 5
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | - | 1.9M USD | 724K USD | 2.4M USD | 5 |
| 2022 | - | 6.8M USD | 4.5M USD | 6.5M USD | 5 |
| 2021 | - | 594K USD | -439K USD | 2M USD | 4 |
| 2020 | - | 2.8M USD | 1.6M USD | 2.5M USD | 3 |
| 2019 | - | 1.3M USD | 588K USD | 850K USD | 2 |
Official annual report
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Genco Shipping A/S has published its annual report for 2022. Gross profit came to DKK 6,784,000, and the net result was DKK 4,461,000.
As of June 2, 2023, Peter George Allen has joined the board of directors of Genco Shipping A/S.
As of June 2, 2023, Apostolos Zafolias has left the board of directors of Genco Shipping A/S.
About Genco Shipping A/S
Genco Shipping A/S is a Danish company of the type Aktieselskab based in Nordhavn, founded in 2018. The company is registered under the industry Andre støtteaktiviteter i forbindelse med transport. The management consists of Jesper Christensen. The board consists of John Chambers Wobensmith (chair), Jesper Christensen and Peter George Allen. The company is owned by Genco Shipping Pte. Ltd.. The company has 5 employees (2026). In 2025, the company reported a gross profit of USD 2,067,000 and a net result of USD 143,000 compared with USD 19,000 the year before. Equity in the 2025 report amounted to USD 2,523,000.