Baltic Cougar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Baltic cougar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Baltic Cougar Today - Breaking & Trending Today

Genco Shipping & Trading Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share

Home / Shipping News / International Shipping News / Genco Shipping & Trading Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share
Genco Shipping & Trading Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, yesterday reported its financial results for the three months and twelve months ended December 31, 2020.
The following financial review discusses the results for the three and twelve months ended December 31, 2020 and December 31, 2019. ....

Marshall Islands , Pacific Capesize , Apostolos Zafolias , Genco Avra , Genco Lorraine , Baltic Panther , Johnc Wobensmith , Genco Ocean , Baltic Fox , Baltic Cove , Baltic Exchange , Genco Shipping Trading , Trading Limited , Vessel Swap , Genco Bay , Baltic Jaguar , Genco Loire , Genco Normandy , Baltic Hare , Baltic Cougar , Baltic Leopard , Neptune Declaration , Seafarer Wellbeing , Crew Change , Chief Executive Officer , Summary Consolidated Financial ,

Genco swaps old for new - Offshore Energy

Genco swaps old for new
December 22, 2020,
by
Naida Hakirevic
U.S.-based drybulk shipowner Genco Shipping & Trading Limited has entered into an agreement to acquire three eco Ultramax vessels in exchange for six older Handysize ships.
As explained, the transaction is part of Genco’s efforts to modernize its fleet and create a more focused asset base while reducing its carbon footprint.
The agreement is structured as an asset swap without monetary consideration or additional capital required.
The three Ultramaxes acquired by Genco will be renamed Genco Vigilant, Genco Freedom and Genco Magic. They were built between 2014 and 2015.
In return, the company is selling Genco Ocean, Baltic Cove, Genco Avra, Genco Mare, Genco Spirit and Baltic Fox. The vessels, built between 2010 and 2011, are expected to be delivered to both parties through the first quarter of 2021, according to Genco. ....

Johnc Wobensmith , Genco Ocean , Genco Avra , Baltic Fox , Baltic Cove , Genco Shipping Trading , Genco Shipping , Trading Limited , Genco Vigilant , Genco Freedom , Genco Mare , Genco Spirit , Baltic Cougar , Baltic Hare , Chief Executive Officer , கெண்கோ கடல் , கெண்கோ அவரை , பால்டிக் நரி , பால்டிக் கோவ் , கெண்கோ கப்பல் போக்குவரத்து வர்த்தக , கெண்கோ கப்பல் போக்குவரத்து , வர்த்தக வரையறுக்கப்பட்டவை , கெண்கோ விழிப்புடன் , கெண்கோ சுதந்திரம் , கெண்கோ மேர் , கெண்கோ ஆவி ,

Ships Swap: Genco Trades Six Older Vessels For Three

December 22, 2020
The 2010-built Genco Ocean is one of six Handysize bulk carriers traded away by Genco in the no cash asset swap. (© F. Ybancos / MarineTraffic.com)
Genco Shipping & Trading has entered into an agreement to acquire three modern, eco Ultramax bulk carriers in exchange for six older Handysize vessels, the largest U.S. headquartered dry bulk shipowner announced Monday.
The transaction with an unnamed trading partner is structured as an asset swap without monetary consideration or additional capital required. The vessels are scheduled to be delivered to both parties through the first quarter of 2021.
Genco, which aims to continue building scale in the Ultramax sector while divesting non-core assets, said the swap is part of its fleet moderniztion efforts, reducing the average age of its fleet by 0.3 years. In addition, the deal helps the shipowner avoid approximately $3.6 million in drydocking and ballast water treatment system cost ....

Johnc Wobensmith , Genco Ocean , Genco Avra , Baltic Fox , Baltic Cove , Genco Shipping , Genco Vigilant , Genco Freedom , Genco Mare , Genco Spirit , Baltic Cougar , Baltic Hare , கெண்கோ கடல் , கெண்கோ அவரை , பால்டிக் நரி , பால்டிக் கோவ் , கெண்கோ கப்பல் போக்குவரத்து , கெண்கோ விழிப்புடன் , கெண்கோ சுதந்திரம் , கெண்கோ மேர் , கெண்கோ ஆவி , பால்டிக் கூகர் , பால்டிக் முயல் ,

Genco Shipping & Trading to Acquire Three Modern, Fuel\-Efficient Ultramax Vessels in Exchange for Six Older Non\-Core Handysize Vessels

Home / Shipping News / International Shipping News / Genco Shipping & Trading to Acquire Three Modern, Fuel-Efficient Ultramax Vessels in Exchange for Six Older Non-Core Handysize Vessels
Genco Shipping & Trading to Acquire Three Modern, Fuel-Efficient Ultramax Vessels in Exchange for Six Older Non-Core Handysize Vessels
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today announced that it has entered into an agreement to acquire three modern, eco Ultramax vessels in exchange for six older Handysize vessels. The transaction, which is part of Genco’s efforts to modernize its fleet and create a more focused asset base while reducing its carbon footprint, is structured as an asset swap without monetary consideration or additional capital required. The vessels are scheduled to deliver to both parties through the first quarter of 2021. ....

Johnc Wobensmith , Genco Shipping Trading , Trading Limited , Baltic Cougar , Baltic Hare , Chief Executive Officer , Eagle Bulk , கெண்கோ கப்பல் போக்குவரத்து வர்த்தக , வர்த்தக வரையறுக்கப்பட்டவை , பால்டிக் கூகர் , பால்டிக் முயல் , தலைமை நிர்வாகி அதிகாரி , கழுகு மொத்தமாக ,