Dry bulk carrier Genco Shipping & Trading is fighting to avoid bankruptcy, and now the company has won a little more time - a few weeks - to negotiate with its creditors, said Genco on Monday.
Genco, which is listed on the New York Stock Exchange, contacted equity fund Blackstone in February, looking for consulting in relation to a corporate restructuring, and in an effort to avoid a protracted and costly Chapter 11 process.
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