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Vote For Genco’s Seven Highly Qualified Board Nominees

Genco has the Right Board to Successfully Execute on its Comprehensive Value Strategy to Drive Sustainable, Long-Term Value for All Shareholders

Vote on the White Proxy Card

Executing a Clear Strategy to Create Value for ALL Genco Shareholders Through Volatile Drybulk Market Cycles

Paying dividends
Reducing debt
Investing in modernization and growth
#1 shipping company for ESG

Recent Progress

We are executing on our Comprehensive Value Strategy to position Genco to drive value through drybulk cycles.

The strategy’s key pillars include paying compelling quarterly dividends, deleveraging to reduce the Company’s financial risks and investing in growth opportunities.

Dividends
Paying dividends of $5.155 per share, or approximately 25% of the current share price as of April 12, 2024
Deleveraging
Lowered our debt by 55% since 2021 and reduced our cash flow breakeven rate to the lowest in the peer group
Growth
Invested $520 million over the last five years in fleet expansion and modernization, adding 17 high specification, fuel efficient vessels to our fleet
ESG
#1 shipping company for ESG in Webber Research ESG scorecard 3 years in a row1
1 Based on the Webber Research 2023, 2022 and 2021 ESG scorecard

Industry-Leading Corporate Governance

We are proud of Genco’s leadership in transparency, governance and sustainability, representing strong capital stewardship. Our well-planned and well-executed corporate governance and sustainability initiatives have enabled us to be #1, out of 64 public shipping companies, in the annual Webber Research ESG Scorecard1 three years in a row.

  • Expanding diversity, experience and skill set of our Board with the addition of Ms. Paramita Das
  • Implementing Human Rights and Safety & Occupational Health Policies
  • Publishing an annual Sustainability Report
  • Increasing disclosures on cybersecurity, environmental initiatives, Board responsibilities, Human Rights and Safety & Occupational Health
  • Instituting a director self-evaluation process
  • Refining our compensation plan for both short and long-term incentives to better align pay with performance
  • Adopting stock ownership guidelines for our executive officers and directors

Vote “FOR” our director nominees to enable Genco to continue executing on our Comprehensive Value Strategy.

Vote ”AGAINST” Economou’s nominee.
How to Vote

Join Genco’s Shareholder Webcast

May 8, 2024  |  8:30 AM ET
Webcast
Our Highly Qualified Board
Our seven directors standing for re-election this year are active and engaged participants in the boardroom
Meet Our  Board
Shareholder Resources
Letters, Press Releases, Filings and Presentations
View Our Resources
About George Economou
George Economou has a Record of Self-Dealing To the Detriment of All Other Investors
More About George
How to Vote
Your vote is important. Vote on the WHITE proxy card today.
Voting Information