Genco reports $6.8M Q2 loss while maintaining $0.15 dividend and acquiring a new Capesize vessel amid industry headwinds. Genco Shipping & Trading has posted a net loss of $6.8 million ($0.16 per share) for Q2 2025, representing a significant reversal from the $23.5 million profit recorded in Q2 2024. The adjusted net loss of $6.2 million excludes non-cash vessel impairment charges of $0.7 million. This performance deterioration is primarily attributed to weaker freight rates, with average TCE rates declining to $13,631 per day compared to $19,938 in the year-ago period – a 31.6% year-over-year decrease. Despite these headwinds, Genco maintained its dividend strategy by declaring a $0.15 per share quarterly dividend – marking its 24th consecutive quarterly payout.