Genco Shipping & Trading is ready to buy a ship or two — or more.
The New York-listed bulker owner is in a good position to do so with a $200m balance sheet and 50% leverage, while other owners seem to be focused on operating what they have, chief executive John Wobensmith said.
"From Genco's standpoint, we are very much engaged in looking at M&A," he said Tuesday during a panel talk at the 32nd annual Marine Money conference in New York.
