US-based dry bulk carrier Genco Shipping & Trading returned to the black in a first quarter that proved historically strong for dry bulk.
The shipping company exits the first quarter with a USD 87 million revenue against USD 98.3 million in the same quarter last year. The bottom line ended in the black with a USD 1.9 million profit, a significant improvement from last year's USD 120.3 million deficit in the first three months of the year, shows the company's unaudited financial report Friday.
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