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: 64

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: 0

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: 12

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: 3

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: 2

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