LOWOutside partyCustomer
11%
Oldendorff Carriers
“10-K Item 1: 'Oldendorff Carriers, including its subsidiaries, represented 11.0% of voyage revenues.'”
GNK · Concentration risk · 10-K extracted
Genco Shipping & Trading Limite (GNK) concentration risks
Updated
The most significant concentration Genco Shipping & Trading Limite discloses is Oldendorff Carriers at 11%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Genco Shipping & Trading Limite’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Genco Shipping & Trading discloses a single named customer concentration: Oldendorff Carriers, including its subsidiaries, represented 11.0% of voyage revenues. This is a low-size dependency exposure — just above the threshold for disclosure — and it sits within a shipping business where voyage revenues are typically tied to spot or short-term charter markets rather than long-term contractual commitments to any one counterparty. Because this is the only concentration disclosed in the sources provided, and it falls at the low end of the size spectrum, it does not appear to be a factor that would materially move the investment case on its own. The dependency character means a change in the Oldendorff relationship specifically would matter more than a broader structural shift in the business, but at this size the exposure looks more like a reporting-threshold event than an outsized reliance on a single charterer. Overall, Genco's disclosed concentration profile is limited in scope, consistent with a shipping company whose revenue is typically spread across multiple charterers and voyages rather than concentrated in a small customer base.
For the engine’s reasoning on GNK’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Marine Shipping
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| KEX | Kirby Corporation | 0 | 2 | 2 | 4 |
| PANL | Pangaea Logistics Solutions Ltd | 0 | 1 | 0 | 1 |
| GNK● | Genco Shipping & Trading Limite | 0 | 0 | 1 | 1 |
| MATX | Matson, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.