Genco Shipping & Trading has fallen further into the red and cut its dividend amid millions of dollars in impairment charges and coronavirus uncertainty.
On Wednesday, the John Wobensmith-led owner of 53 dry bulk ships posted a net loss of $120m for the first quarter versus a $7.8m deficit recorded during the same period last year.
The New York-listed company's adjusted loss, which excluded $113m in non-cash impairment costs, came in at $7.1m,
