Brief: Genco Shipping & Trading Limited Advances Fleet Renewal Strategy

Genco Shipping & Trading

27/11/2023 12:12

Nov 27 (Reuters) - Genco Shipping & Trading Ltd  GNK.N :
    * GENCO SHIPPING & TRADING - ACQUIRED ADDITIONAL 2016-BUILT
181,000 DWT SCRUBBER-FITTED CAPESIZE VESSEL, GENCO RELIANCE, FOR
PURCHASE PRICE OF $43.0 MILLION
    * GENCO SHIPPING & TRADING LTD: AGREED TO SELL GENCO
COMMODUS, A
2009-BUILT 169,098 DWT CAPESIZE VESSEL, FOR $19.5 MILLION
    * GENCO SHIPPING & TRADING LTD:  ANTICIPATED SALE OF GENCO
COMMODUS WILL RESULT IN DRYDOCKING SAVINGS IN 2024
    * GENCO SHIPPING & TRADING-TO FUND DEALS THROUGH CASH ON
HAND,
DRAWDOWN ON ITS REVOLVING CREDIT FACILITY & PROCEEDS FROM SALE
OF GENCO'S COMMODUS

Source text for Eikon:  ID:nGNX6yQdB8 
Further company coverage:  GNK.N 

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