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Dry bulk companies complete merger

The merger between the two dry bulk companies, Genco Shipping and Baltic Trading, is now a reality.

Photo: Star Bulk

It was expected and now it is completed. The dry bulk company Genco Shipping is merging with its subsidiary Baltic Trading, which is listed on the New York Stock Exchange, announces Genco Shipping in a statement.

"Today marks an important milestone for both Genco and Baltic Trading.  I would like to thank the shareholders of each company for their continued support as well as the independent directors of each company for their leadership in this process," said Peter C. Georgiopoulos, Chairman of the Genco Board of Directors.

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