New York-listed Genco Shipping & Trading has rolled out a new $500m credit facility and bought a secondhand capesize — but it has also reported a loss in a busy yet tepid third quarter.
The Manhattan-based company also stuck with another $0.15-per-share dividend even as some analysts expected it to be lower, and it guided to nearly a 40% lift in hire rates for bookings so far in the current quarter.
