BROADCASTS.com

Genco Shipping (GNK) CEO, John\xa0Wobbensmith, joined\xa0Value Investor's Edge Live\xa0on Jan. 12, 2022, to discuss the dry bulk shipping markets and company prospects for 2022. GNK has spent the past few years renewing the fleet and rapidly deleveraging the balance sheet to prepare for a new dividend policy of near-100% free cash flow payouts. The dividends will be variable, and will depend on underlying market conditions, but\xa0I am\xa0bullish on the company structure and I believe the valuations are attractive at this juncture.
Topics Covered


(1:45)\xa0Current market balance and setup for dry bulk?


(6:30)\xa0China dynamics in 2022: potential headwind?


(11:00)\xa0How long would it take to order new dry bulk vessels?


(14:15)\xa0Impact of EEXI to GNK and overall market?


(19:00)\xa0Discussion of dividend policy: reserve amount?


(23:00)\xa0How will repurchases factor into capital allocation?


(26:30)\xa0Why does Genco trade at a significant discount to peers?


(30:15)\xa0What if the high dividend fails to improve valuations?


(32:00)\xa0Growth if GNK trades at a premium to NAV?


(34:00)\xa0Largest risk factors in the current dry bulk market?


(37:45)\xa0Why invest in Genco versus other dry bulk names?