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Genco to sell all of its handysize ships

US-based dry bulk carrier Genco Shipping plans to sell a total of 25 ships as part of the company's plan to rejuvenate its fleet. Most recently, the shipping company announced that it intends to sell all its handysize vessels.

John C. Wobensmith is the CEO of Genco Shipping. | Photo: PR / Marine Money

US-based dry bulk shipping company Genco Shipping plans to sell more vessels than first announced.

The shipping company has already told that it plans to sell 15 older vessels as part of its plans to rejuvenate the fleet. But Genco Shipping has now decided to add another ten vessels to that list, reveals the company's annual report for 2019.

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