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.
Read the article online at: https://www.drybulkmagazine.com/shipping/27072018/genco-takes-delivery-of-ultramax-vessel/
Sevi Katemoglou, EastGate Shipping Inc. writes: It is a tricky venture for one to gauge the full impact of the coronavirus crisis on the dry bulk shipping market. However, fleet growth and fleet utilisation projections offer some positive insights.