Genco Shipping & Trading has sold a panamax bulker as it continues a programme to cull 10 ships identified in a deal with banks.
Shipbroker Clarkson Platou Hellas reports that the New York bulker owner has fetched $3.5m for the 73,900-dwt Genco Leader (built 1999).
Chinese interests are said to have purchased the vessel, which was scheduled for dry-docking later this year.
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