A major private bulker owner from Singapore has bought a 7.3% stake in New York-listed peer Genco Shipping & Trading, according to a filing with US securities regulators.
The purchase of 3.13m shares was made by Kibo Investments, the Singapore-based investment arm of Berge Bulk, the filing shows.
Like most US equities, shares of Genco have been on the slide this week under pressure of a global trade war.
