Bulk

Genco fights off attempted coup of board by Greek investor

The announcement comes in the same week as the US dry bulk shipping company’s highly favorable quarterly results were released.
Genco shareholder and shipping investor George Economou proposed changes to the board. | Photo: Marine Money / Thodoris Anagnostopoulos
Genco shareholder and shipping investor George Economou proposed changes to the board. | Photo: Marine Money / Thodoris Anagnostopoulos
by LIV ALMER

US dry bulk shipping company Genco Shipping & Trading has dismissed the need to make changes to its board after shareholder and ship owner George Economou last month proposed that shareholders oust the chairman of the board in favor of his own man.

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