ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

Further reading

Related articles

Trial banner

Latest news

See all jobs