The "Prexit" is near for New York dry bulk owner Genco Shipping & Trading.
That term has been assigned by the ship finance crowd to the flight of private equity firms from their largely failed shipping investments.
And with Genco trading 5.8m shares on Tuesday — its daily average is about 300,000 — it emerges that yet another large shareholder, Strategic Value Partners (SVP(, has accelerated its flight from the listed shipowner.
