Thursday, September 16, 2021

Bulker Rates May Go Parabolic Says Genco CEO

By Alex Longley (Bloomberg) An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs...

September 16, 2021
Total Views: 1949

Thursday, October 13, 2016
Maritime News

Peter Georgiopoulos Unexpectedly Resigns as Chairman of Genco Shipping

NYSE-listed dry bulk shipowner Genco Shipping & Trading has announced the resignation of its Chairman of the Board, Peter C. Georgiopoulos, effective immediately. The company did not give a specific...

October 13, 2016
Total Views: 87

Wednesday, April 8, 2015
Maritime News

Drybulk Shippers Genco and Baltic Trading Agree to Merge

Drybulk shipping company Genco Shipping & Trading Limited (OTCBB: GSKNF) and its subsidiary Baltic Trading Limited (NYSE: BALT) announced a definitive merger agreement under which Genco will acquire Baltic Trading,...

April 8, 2015
Total Views: 4

Wednesday, July 2, 2014
Genco Tiberius shipping capesize

U.S. Judge Clears Way for Genco Shipping to Exit Bankruptcy

A U.S. bankruptcy judge said on Wednesday he will approve Genco Shipping & Trading Ltd's plan to exit its Chapter 11 bankruptcy after he overruled objections from shareholders.

July 2, 2014
Total Views: 1

Tuesday, June 24, 2014
Genco Tiberius shipping capesize
Maritime News

Genco Takes On Shareholders as Shipper Looks to Exit Bankruptcy

Lawyers for bankrupt Genco Shipping & Trading Ltd on Tuesday insisted the dry bulk shipper is not being undervalued during the closing of a trial pitting the company against angry shareholders who wanted better treatment in the restructuring.

June 24, 2014
Total Views: 1

Thursday, June 12, 2014
Genco Tiberius shipping capesize
Maritime News

Genco Pushes Restructuring Plan over Equity Holders’ Opposition

Genco Shipping & Trading on Thursday defended its proposed plan to exit bankruptcy on the first day of a trial over accusations by shareholders that it is undervaluing its assets.

June 12, 2014
Total Views: 1

Monday, April 21, 2014
Genco Tiberius shipping capesize

Genco Shipping Files for Bankruptcy

By Dawn McCarty April 21 (Bloomberg) — Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, filed for bankruptcy as weakness in charter rates made it...

April 21, 2014
Total Views: 19

Monday, April 7, 2014
port hole ship

A Porthole of an Exit Window for Shipping Investments?

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the shipping market translating to higher...

April 7, 2014
Total Views: 5

Friday, April 4, 2014
Genco Tiberius shipping capesize
Maritime News

Genco Reaches Bankruptcy Restructuring Deal

April 4 (Reuters) – Genco Shipping & Trading Ltd will cut its debt by more than $1 billion by giving control of the company to its lenders in a deal...

April 4, 2014
Total Views: 3

Wednesday, February 19, 2014

Genco Taps Blackstone After Missing Bond Payment

Genco Shipping & Trading Ltd. hired Blackstone Advisory Partners LP to explore a debt restructuring after the operator of dry-bulk cargo ships missed a $3.1 million interest payment yesterday on its convertible bond.

February 19, 2014
Total Views: 2