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    Ben Nolan

    Managing Director and Senior Equity Research Analyst at Stifel

    Ben Nolan is a Managing Director and Senior Equity Research Analyst at Stifel Nicolaus, specializing in shipping, energy infrastructure, and maritime equities. Over his career, he has covered a wide range of specific companies, including Matson (MATX) and numerous others within the shipping and logistics sector, achieving a 58% success rate and an average return of 14% per transaction on his stock recommendations. Nolan began his analyst career over two decades ago and worked for more than 20 years at Stifel, before departing the firm in May 2025 to join Venture Global. He holds FINRA professional credentials and securities licenses, and is recognized as a highly respected and top-ranked analyst in his coverage universe.

    Ben Nolan's questions to GENCO SHIPPING & TRADING (GNK) leadership

    Ben Nolan's questions to GENCO SHIPPING & TRADING (GNK) leadership • Q3 2024

    Question

    An analyst on behalf of Ben Nolan from Stifel asked about the company's target leverage following the dividend policy change and inquired about the chartering strategy for Capesize contracts that are set to roll off early next year.

    Answer

    Executive John Wobensmith reiterated the company's goal of being net debt zero to support the dividend policy, while noting the large revolver allows for levering up into the 20% range for the right growth opportunity. Regarding future charters, he described the strategy as 'opportunistic,' utilizing a mix of index-linked and fixed-rate deals depending on market conditions at the time.

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