Thursday, September 16, 2021
Thursday, October 13, 2016
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...
Wednesday, April 8, 2015
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,...
Wednesday, July 2, 2014
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.
Tuesday, June 24, 2014
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.
Thursday, June 12, 2014
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.
Monday, April 21, 2014
Monday, April 7, 2014
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...
Friday, April 4, 2014
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.
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