VESSEL ACQUISITIONS AND DISPOSITIONS	6 Months Ended
Jun. 30, 2026
VESSEL ACQUISITIONS AND DISPOSITIONS
VESSEL ACQUISITIONS AND DISPOSITIONS	5 – VESSEL ACQUISITIONS AND DISPOSITIONS Vessel Acquisitions On April 16, 2026, the Company entered into an agreement to acquire a 2019-built, 182,000 dwt scrubber-fitted Capesize vessel, which is to be renamed the Genco Volunteer, for a purchase price of $65,000. The vessel is expected to be delivered during August 2026. As a result of the delay in the delivery of the vessel, the purchase price will be reduced by approximately $1.0 million representing $20 per day beginning June 15, 2026 through the date the vessel is ready for sale under the agreement. The Company paid the $6,500 deposit on May 1, 2026 utilizing cash on hand, which was held in an escrow account until the Company took delivery of the vessel. The Company drew down $50,000 on its $680 Million Revolver on July 15, 2026 to finance the remainder of the purchase. On November 15, 2025, the Company entered into agreements to acquire two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels for a total purchase price of $145,500. These vessels, which were renamed Genco Stars and Stripes and Genco Valkyrie, were delivered on March 5, 2026 and March 24, 2026, respectively. The Company drew down $30,000 on the $600 Million Revolver on November 20, 2025 in part to fund the $14,550 deposit made on November 24, 2025, which was held in an escrow account until the Company took delivery of the vessels. The Company drew down $65,000 on its $600 Million Revolver on February 23, 2026 and $65,000 on its $680 Million Revolver on March 16, 2026 to finance the remainder of the purchases. On July 10, 2025, the Company entered into an agreement to acquire a 2020-built, 182,000 dwt scrubber-fitted Capesize vessel, which was renamed the Genco Courageous, for a purchase price of $63,550. The Genco Courageous was delivered on October 15, 2025. The Company drew down $10,000 on its $500 Million Revolver on June 26, 2025 in part to fund the $6,355 deposit made on July 23, 2025, which was held in an escrow account until the Company took delivery of the vessel. The Company drew down $60,000 on its $600 Million Revolver on September 16, 2025 to finance the remainder of the purchase. Vessel Dispositions On February 24, 2026, the Company entered into agreements to sell the Genco Picardy and the Genco Predator, both 2005-built Supramax vessels, to a third party for $10,600 each less a commission payable to a third party. These vessels were unencumbered. The sales of the Genco Picardy and Genco Predator were completed on March 30, 2026 and April 15, 2026, respectively.

VESSEL ACQUISITIONS AND DISPOSITIONS

6 Months Ended

Jun. 30, 2026

VESSEL ACQUISITIONS AND DISPOSITIONS

5 – VESSEL ACQUISITIONS AND DISPOSITIONS

Vessel Acquisitions

On April 16, 2026, the Company entered into an agreement to acquire a 2019-built, 182,000 dwt scrubber-fitted Capesize vessel, which is to be renamed the Genco Volunteer, for a purchase price of $65,000. The vessel is expected to be delivered during August 2026. As a result of the delay in the delivery of the vessel, the purchase price will be reduced by approximately $1.0 million representing $20 per day beginning June 15, 2026 through the date the vessel is ready for sale under the agreement. The Company paid the $6,500 deposit on May 1, 2026 utilizing cash on hand, which was held in an escrow account until the Company took delivery of the vessel. The Company drew down $50,000 on its $680 Million Revolver on July 15, 2026 to finance the remainder of the purchase.

On November 15, 2025, the Company entered into agreements to acquire two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels for a total purchase price of $145,500. These vessels, which were renamed Genco Stars and Stripes and Genco Valkyrie, were delivered on March 5, 2026 and March 24, 2026, respectively. The Company drew down $30,000 on the $600 Million Revolver on November 20, 2025 in part to fund the $14,550 deposit made on November 24, 2025, which was held in an escrow account until the Company took delivery of the vessels. The Company drew down $65,000 on its $600 Million Revolver on February 23, 2026 and $65,000 on its $680 Million Revolver on March 16, 2026 to finance the remainder of the purchases.

On July 10, 2025, the Company entered into an agreement to acquire a 2020-built, 182,000 dwt scrubber-fitted Capesize vessel, which was renamed the Genco Courageous, for a purchase price of $63,550. The Genco Courageous was delivered on October 15, 2025. The Company drew down $10,000 on its $500 Million Revolver on June 26, 2025 in part to fund the $6,355 deposit made on July 23, 2025, which was held in an escrow account until the Company took delivery of the vessel. The Company drew down $60,000 on its $600 Million Revolver on September 16, 2025 to finance the remainder of the purchase.

Vessel Dispositions

On February 24, 2026, the Company entered into agreements to sell the Genco Picardy and the Genco Predator, both 2005-built Supramax vessels, to a third party for $10,600 each less a commission payable to a third party. These vessels were unencumbered. The sales of the Genco Picardy and Genco Predator were completed on March 30, 2026 and April 15, 2026, respectively.