Genco made a profit in the third quarter

Dry bulk carrier Genco Shipping & Trade finished the third quarter with black numbers on the bottom line due to a better dry bulk market. However, the profit is not enough to ensure an overall profit for the first nine months of the year.

by SØREN PICO

Rates have improved for Genco Shipping & Trade, which exits the third quarter with an increasing revenue and profit.

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Genco picks scrubbers for large bulk vessels
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Genco finalizes large credit agreement
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Better dry bulk market brings Genco closer to profit
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