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Genco Shipping & Trading expands into Singapore

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Dry Bulk,

Genco Shipping & Trading Ltd, a supplier of international seaborne dry bulk transportation services, opened a new office in Singapore and appointed Ivo Kempenaer as Vice President and Commercial Director, Head of Major Bulks. 

Kempenaer has over 30 years of chartering experience working for both ship owners and commodity charterers, with a focus on major bulk commodities, such as iron ore and coal. Before joining Genco, he was a senior broker on the capesize desk of Simpson Spence Young Pte Ltd, developing new chartering business. Previously, Kempenaer served as General Manager, Pacific Chartering for EDF Trading Singapore Pte Ltd, where he was responsible for expanding worldwide capesize trading activities. Kempenaer also served as the Head of the capesize department at BHP Billiton.

John C. Wobensmith, CEO of Genco, commented: “Genco continues to take important steps to optimise our commercial strategy and enable the company to more fully capitalise on its leading and sizeable operating platform. We are excited to establish a Singapore presence and grow our footprint globally, supporting our efforts to offer a full-scale logistics solution and strengthen relationships with leading iron ore producers and charterers worldwide. We are very pleased to have such an accomplished industry veteran like Ivo to spearhead the employment of our major bulk fleet and further position Genco to benefit from a market recovery.”

Ivo Kempenaer said: “I am excited to join Genco and help to grow the major bulk component of its commercial platform. Genco is a proven industry leader, and I look forward to contributing to the company’s long-term success.”

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