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...
Source: offshore-energy.biz
