What does proceeds from insurance for loss of hire claims mean?

Cash inflows from insurance policies designed to compensate for lost revenue when a vessel is out of service due to covered incidents. This metric highlights the company's ability to recover lost income during periods of vessel downtime. It serves as a key indicator of operational resilience and the effectiveness of risk mitigation strategies.

Genco Shipping & Trading GNK Proceeds From Insurance For Loss Of Hire Claims

Proceeds From Insurance For Loss Of Hire Claims at other companies

Healthcare Realty TrustHR

$500K—

Peabody EnergyBTU

$0-100%

Nabors IndustriesNBR

$3.4M-41.4%

ALG

Allegiant TravelALGT

$1.22M-26.4%

TETRA TechnologiesTTI

$0—

PBF EnergyPBF

$106.5M—

Other financials

Income statement

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Revenue$114.4M+60.6%

Operating income$13.3M+236%

Net income$9.3M+178%

EPS (diluted)$0.21+175%

Balance sheet

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Cash & equivalents$54.8M+81.1%

Total debt$324.5M+264%

Total equity$885.4M-2.0%

Total assets$1.3B+20.6%

Cash flow

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Operating cash flow$15.7M+441%

CapEx$405.0K-37.9%

Free cash flow$15.3M+579%

Valuation

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Market cap$1.02B+80.1%

Enterprise value$1.29B+106%

P/S2.7×+1.1×

Profitability

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Operating margin7.9%-6.7pp

Net margin-2.1%—

FCF margin10.8%-14.1pp

Returns & leverage

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Return on equity-0.8%—

Debt / equity0.4×+0.3×

Current ratio3×+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept gnk:ProceedsFromInsuranceForLossOfHireClaims.

The official record: Genco Shipping & Trading’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genco Shipping & Trading's proceeds from insurance for loss of hire claims?: Genco Shipping & Trading (GNK) reported proceeds from insurance for loss of hire claims of $6K in Q1 2025.
What does proceeds from insurance for loss of hire claims mean?: Cash inflows from insurance policies designed to compensate for lost revenue when a vessel is out of service due to covered incidents. This metric highlights the company's ability to recover lost income during periods of vessel downtime. It serves as a key indicator of operational resilience and the effectiveness of risk mitigation strategies.