US-based Genco Shipping and Trading has entered into an agreement to acquire three modern, eco Ultramax vessels in exchange for six older Handysize vessels. The ..
Baltic Cove
Genco Shipping & Trading Is Offloading Seven Handysizes
US-listed Genco Shipping & Trading is offloading seven handysizes, says an article publish in splash247.
What HappenedUK-based Tufton Oceanic is linked to six of the seven ships, according to Allied Shipbroking. The nine- and ten-year-old 34,400 dwt vessels Baltic Fox, Baltic Cove, Genco Ocean, Genco Avra and Genco Spirit, are noted swapped for three ultramaxes.
VesselsValue roughly estimates that the handysize bulkers could be worth on average around $9m each. This is the second time this year...
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