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Genco shipping
When Is The Best Time To Buy Shipping Stocks?
Is it time to overweight shipping? questions a recent news article published in the Splash 247.
Exclusive shipping researchJ Mintzmyer is a well-known shipping investor and industry pundit. He has provided exclusive shipping research via Value Investor’s Edge for over seven years and has witnessed numerous up- and down-cycles across shipping segments over the past 15 years. J shares his latest thoughts and a few top picks in this latest article.
I believe shipping stocks are offering investors an...
https://mfame.guru/when-is-the-best-time-to-buy-shipping-stocks/
Genco Acquires 2 Fuel Efficient Ultramaxes
Genco enters into agreements to acquire two Ultramax bulkers under construction at DACKS, says a press release published on their website.
Vessel acquisition agreementUS dry bulk shipowner Genco Shipping & Trading has entered into agreements to acquire two ultramax bulkers under construction at Dalian Cosco KHI Ship Engineering (DACKS).
The vessels are scheduled for delivery in January 2022.
Genco has now added six ultramaxes since December 2020, doubling its ultramax fleet.
Time charter arrangementhttps://mfame.guru/genco-acquires-2-fuel-efficient-ultramaxes/
Genco Shipping Agreements On Vessel Acquisition
- Genco Shipping & Trading Limited announced that it has entered into an agreement to acquire a 2016-built 64,000 dwt Ultramax vessel constructed at Zhejiang Yangfan shipyard in China.
- The vessel, to be renamed Genco Enterprise, is expected to be delivered to Genco between May and July 2021.
According to a press release published by Genco Shipping, Genco Shipping & Trading Limited (NYSE:GNK) (“Genco”) on 21 April announced that it has entered into an agreement to acquire a 2016-built 64,000 dwt...
https://mfame.guru/genco-shipping-agreements-on-vessel-acquisition/
Can dry bulk woo stock gamblers who bet on tankers?
Dry bulk has tanker envy in 2020.
Dry bulk was where day traders placed their bets back in the day, in the mid-2000s, but this year, investors on Robinhood and other retail platforms have instead put their chips on floating storage and stocks like Nordic American Tankers (NYSE: NAT).
Here’s the emerging dry bulk shipping pitch: Dry bulk stocks trade in relatively high correlation with spot rates and unlike tanker stocks, they don’t face a painful floating-storage destocking phase. Dry bulk rates...
https://s29755.pcdn.co/news/can-dry-bulk-woo-stock-gamblers-away-from-tankers
Key Players Discuss Shipowner’s Experiences With Scrubbers
- CSA included a shipowner panel with Spliethoff, Grimaldi, and Genco Shipping.
- Spliethoff operates 50 multipurpose dry cargo vessels from 12,000 to 23,000 DWT.
- Genco Shipping provides dry bulk transportation of iron ore, coal, grain, steel products, and other dry bulk cargoes.
- Grimaldi Group operators roll-on / roll-off vessels, car carriers, and ferries.
- Scrubbers are installed in a variety of vessels, including heavy-lift and multipurpose vessels.
- Retrofit has been possible in 80 percent of...
https://mfame.guru/key-players-discuss-shipowners-experiences-with-scrubbers/
Genco’s 17 Capesize Vessels Get Scrubber Installed
Genco Shipping & Trading Limited announces the completion of its scrubber program, says a press release published in Intrado website.
Scrubber installationsGenco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”) announced today the completion of its exhaust gas cleaning systems (“scrubbers”) program which consisted of installing scrubbers on Genco’s 17 Capesize vessels.
Global basis to improve air quality
This represents a key pillar of our previously announced comprehensive plan...
http://mfame.guru/gencos-17-capesize-vessels-get-scrubber-installed/
Genco Secures Additional Financing for Scrubber Installations
- Genco Shipping & Trading Limited closed financing for scrubber installations on 17 of its Capesize vessels.
- Amendment made to its USD 460 million credit facility to provide an added tranche of up to USD 35 million, that can cover up to 90% of the scrubber related expenses.
- The company recorded a net income of USD 18.3 million in the 4th quarter of 2018, compared to an income of USD 2.5 million seen in the same quarter of 2017.
- Net revenue totaled USD 75.6 million during the three-month period...
http://mfame.guru/genco-secures-additional-financing-for-scrubber-installations/