Genco Shipping & Trading Limited Takes Delivery of Modern, High Specification Ultramax Vessel
July 26 2018 - 4:30PM
Genco Shipping & Trading Limited (NYSE:GNK) (“Genco”) today
announced that it has taken delivery of the Genco Weatherly, a
2014-built 61,000 dwt Ultramax vessel.
The Genco Weatherly is the first of four vessels to be delivered
to Genco as part of its recent agreement to acquire two 2015-built
180,000 dwt Capesize vessels, one 2016-built 60,000 dwt Ultramax
vessel and one 2014-built 61,000 dwt Ultramax vessel. In addition,
Genco recently entered into another agreement to acquire two
2016-built 180,000 dwt Capesize vessels. All of the vessels are
expected to be delivered to Genco in the third quarter of 2018.
About Genco Shipping & Trading
Limited
Genco Shipping & Trading Limited transports
iron ore, coal, grain, steel products and other drybulk cargoes
along worldwide shipping routes. As of July 26, 2018, Genco
Shipping & Trading Limited’s fleet consists of 13 Capesize, six
Panamax, five Ultramax, 21 Supramax, one Handymax and 15 Handysize
vessels with an aggregate capacity of approximately 4,750,000
dwt.
“Safe Harbor” Statement Under the
Private Securities Litigation Reform Act of 1995
This press release contains forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements use words such as “anticipate,”
“budget,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” and other words and terms of similar meaning in
connection with a discussion of potential future events,
circumstances or future operating or financial performance. These
forward looking statements are based on management’s current
expectations and observations. Included among the factors
that, in our view, could cause actual results to differ materially
from the forward looking statements contained in this press release
are completion of documentation for vessel transactions and the
performance of the terms thereof by sellers of vessels and us and
other factors listed from time to time in our public filings with
the Securities and Exchange Commission including, without
limitation, the Company’s Annual Report on Form 10-K for the year
ended December 31, 2017 and its subsequent reports on Form 10-Q and
Form 8-K. We do not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT:Apostolos ZafoliasChief
Financial OfficerGenco Shipping & Trading Limited(646)
443-8550
Genco Shipping and Trading (NYSE:GNK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Genco Shipping and Trading (NYSE:GNK)
Historical Stock Chart
From Sep 2023 to Sep 2024