Genco 44

Acquisition of the built Genco Reliance adds to a previously announced acquisition of a built capesize, both scrubber-fitted.

It is also expected to be delivered to Genco in mid-November The top management of the company said it continues to further evaluate fleet renewal and growth opportunities in the sale and purchase market. Furthermore, it plans to upgrade a portion of its fleet with energy saving devices, and apply high performance paint systems to its vessels, in order to reduce fuel consumption and emissions. John C. In addition to declaring our 17th consecutive dividend, we capitalized on an attractive opportunity to acquire a built scrubber-fitted Capesize vessel. Beginning in September, the drybulk owner saw a significant uplift in drybulk freight rates, led by firm iron ore, coal and bauxite shipments.

Genco 44

Clear Filters. Genco Reliance. Genco Resolute. Genco Endeavour. Genco Ranger. Genco Constantine. Genco Augustus. Genco Liberty. Genco Defender. Genco Lion.

Genco Warrior. It is also expected to be delivered to Genco in mid-November

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We are the largest U. Through our in-house commercial operating platform, we provide a full-service logistics solution for the transportation of commodities worldwide using a diversified fleet of modern, fuel-efficient vessels. Our diverse fleet, combined with the financial strength of our balance sheet, provide a strong foundation for our value strategy, which is aimed at generating long term shareholder value. We empower our employees through upward mobility and invest in our team members every step of the way. Our mission of building an organization that concentrates on achieving the highest level of integrity has translated into measurable results. We aim to deliver superior returns to our shareholders while maintaining a high level of transparency and stringent corporate governance standards.

Genco 44

A replay of the conference will be accessible at any time during the next two weeks by dialing in and entering the passcode At this time, I will now turn the conference over to the company. Please go ahead.

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Next Article. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Looking ahead, the company expects commodity demand growth from China and developing Asia, despite the fact that volatility will persist. These cookies will be stored in your browser only with your consent. Your question has been successfully sent to the email address below and we will get back as soon as possible. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Acquisition of the built Genco Reliance adds to a previously announced acquisition of a built capesize, both scrubber-fitted. These cookies ensure basic functionalities and security features of the website, anonymously. We bring the latest news about the shipping industry. Baltic Wolf. Necessary cookies are absolutely essential for the website to function properly. John C. Genco Endeavour. Finish creating your saved search alert after you sign in. Tomer Raanan tldraanan tomer.

John C.

This article has been sent to my email. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Advertisement Advertisement. Genco Liberty. Please provide a work email address. Unfortunately we've not been able to process your registration. Search Close this search box. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The top management of the company said it continues to further evaluate fleet renewal and growth opportunities in the sale and purchase market. All Rights Reserved. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".