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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

Further reading

Related articles

Trial banner

Latest news

See all jobs