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.

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