Genco books deficit for the third quarter

Dry bulk company Genco Shipping & Trading books a deficit for the third quarter, which was its busiest dry-docking period ever, says CEO.

Photo: PR/Genco

US-based dry bulk shipping company Genco Shipping & Trading saw a deficit in the third quarter, which the company deems its busiest dry-docking period ever.

Ships were dry-docked for reasons such as the IMO's sulfur regulations taking effect in less than two months. And most of Genco's capesize vessels, 12 in 17, are now fitted with scrubbers as a result of that.

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