Genco CEO sees better times for large dry bulk ships

Despite an abysmal start of the year, Genco managed to improve its results during the fist quarter, as rates have improved for the large capesize ships, assesses CEO.

In a generally tough early 2019 dry bulk market, Genco Shipping & Trading managed to substantially improve its results compared to the beginning of last year.

The company did book a first quarter net deficit of USD 7.8 million, the interim report shows. But this is a substantial improvement compared to the same period last year, when Genco's deficit came to USD 55.8 million and included a major fleet impairment.

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