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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs