Bulk

Genco plans to buy more vessels during dry bulk boom

The dry bulk market in the first quarter gave Genco Shipping & Trading both a profit and an appetite for buying more vessels to benefit from a long-term upturn in the market, says the company in its interim report.
Photo: PR / Genco Shipping
Photo: PR / Genco Shipping
by DANIEL LOGAN

US-based dry bulk carrier Genco Shipping & Trading returned to the black in a first quarter that proved historically strong for dry bulk.

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