ShippingWatch

Genco sells ships and reports deficit for second quarter

US-based dry bulk ship operator Genco booked a deficit for the third quarter, thus falling in line with competitors. The shipping company has sold ships.

Gencos topchef John C. Wobensmith. | Photo: PR / Marine Money

Dry bulk ship operator Genco informs that it has sold several ships during a second quarter in which the dry bulk shipping company, like several of its competitors, booked a deficit.

The shipping company has previously announced its plans to get rid of all its handysize dry bulk ships. Two ships have been sold off and delivered to their new owners in July. And Genco most recently settled a deal for a third handysize ship, which is expected to be delivered to the buyer in the third quarter.

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

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs