ShippingWatch

Genco Shipping delivers 50% growth in Q2

US dry bulk operator Genco Shipping landed net income of USD 47.4m in the second quarter – an increase of almost 50% compared to the same period in 2021.

Photo: PR / Genco Shipping

One of the major players in the dry bulk market, Genco Shipping & Trading, saw ”strong earnings” in Q2, according to a financial statement.

Net profit landed at USD 47.4m, an increase of almost 50% against the second quarter of 2021 when the result came to USD 32m.

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