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Genco takes delivery of Ultramax vessel

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Dry Bulk,

Genco Shipping & Trading Ltd. yesterday announced that it had taken delivery of the Genco Weatherly, a 2014-built 61 000 DWT Ultramax vessel.

The Genco Weatherly is the first of four vessels to be delivered to Genco as part of its recent agreement to acquire two 2015-built 180 000 DWT Capesize vessels, one 2016-built 60 000 DWT Ultramax vessel and one 2014-built 61 000 DWT Ultramax vessel.

In addition, Genco recently entered into another agreement to acquire two 2016-built 180 000 DWT Capesize vessels. All of the vessels are expected to be delivered to Genco in 3Q18.

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Dry bulk shipping market