Genco adds fuel-efficient Ultramax pair to its fleet May 20, 2021, by Jasmina Ovcina Bulk shipping company Genco Shipping & Trading Limited has inked a deal to acquire two 2022-built 61,000 dwt Ultramax vessels to be constructed at Dalian Cosco KHI Ship Engineering (DACKS). The shipowner did not reveal the price tag of the two newbuilds. The vessels are expected to be delivered to Genco in January 2022. The purchases mark the fifth and sixth high specification, fuel-efficient Ultramax vessels that Genco has agreed to acquire since December 2020, doubling its core Ultramax presence over that time. To remind, last month Genco bought a 2016-built 64,000 dwt Ultramax vessel constructed at Zhejiang Yangfan shipyard in China. The vessel, to be renamed Genco Enterprise, is expected to be delivered to Genco between May and July 2021.