NYSE-listed dry bulk shipowner Genco Shipping & Trading has announced the resignation of its Chairman of the Board, Peter C. Georgiopoulos, effective immediately. The company did not give a specific reason for his departure. “With the proposed bank refinancing and equity commitment from major shareholders, I believe Genco is well positioned in a challenging drybulk […]
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Genco Shipping & Trading Ltd. will cut its debt by more than $1 billion by giving control of the company to its lenders in a deal that requires the dry bulk shipping company to file for bankruptcy.
Leading dry bulk shipowner Diana Shipping Inc. (NYSE: DSX) announced today its plans for the construction of two new icebreaking bulkers from China Shipbuilding Trading Company, Limited and Jiangnan Shipyard [...]
By Dawn McCarty April 21 (Bloomberg) — Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, filed for bankruptcy as weakness in charter rates made it [...] The post Genco Shipping Files for Bankr...
Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, steamed into the No. 3 berth on the Top 10 List for 2014 when