This space is getting hot.
That’s essentially the view of the sale-and-purchase market for large, modern bulk carriers from the desk of Genco Shipping & Trading chief executive John Wobensmith, who has dabbled in it as both a buyer and seller in recent weeks.
“I’d call it a little bit of a frenzy, to be quite honest with you,” Wobensmith told Jefferies lead shipping analyst Omar Nokta after presenting Genco’s fourth-quarter earnings on an investor call on Thursday.
