U.S.-based dry bulk shipping company Genco Shipping & Trading Limited has been renewing its fleet recently. What's more, it is eager to purchase more fuel-efficient vessels.
The company's CEO John C. Wobensmith has seen opportunities for more purchases.
The bulker owner purchased two Capesizes for US$98 million last month. Besides, in June, Genco bought two 180,000dwt Capesizes and two Ultramaxes for US$141 million.
Genco's Vice President Peter Allen remains optimistic about the outlook of the bulker market, saying that the net fleet growth so far this year is only 1.9 percent and newbuilding deliveries decreased 41 percent year-on-year in the first 7 months of 2018.
Genco to Acquire More Ships
2018-08-13
2936人
Source：secondhand bulker
Most ViewsHOT
- Wah Kwong places LR2 tanker order at DSIC
- Seanergy fleet renewal gathers pace with sixth newbuild
- Open hatch giant G2 Ocean expands fleet with six newbuilds from Grieg and Seaspan
- Wealth Holdings doubles down on MPP sector with larger China newbuilds
- Jumbo expands heavylift fleet with newbuild brace in China
- Hong Kong owner Teying swaps VLCC flip for major LR2 ordering spree in China
- Peter Georgiopoulos returns to VLCC arena with up to 10 newbuilds at Wison
- Euroseas brings in Norwegian investors for boxship newbuild
- Zodiac expands tanker orderbook with quartet of suezmax newbuilds
- Ibaizabal revives suezmax expansion with Hengli order
