Marine transportation company Genco Shipping & Trading transports dry cargo in a wet environment. The company maintains a fleet of about 50 oceangoing dry bulk carriers, which it charters mainly on long-term contracts to shippers of bulk commodities and marine transportation companies. Its fleet has an overall capacity of almost 4 million deadweight tons (DWT). Genco Shipping's vessels transport cargo such as coal, grain, iron ore, and steel products. More than half of its vessels are on time-charter contracts. Customers have included BHP Billiton, Lauritzen Bulkers, and NYK; clients Cargill and Pacific Basin Shipping make up about 10% of the company's revenues. Genco Shipping & Trading was founded in 2004.