Genco Shipping & Trading's top shareholder has sold a sliver of its stake in the New York-listed dry bulk ship owner.
Centerbridge Partners, a New York-based private equity firm, has sold just over 320,000 shares at $13.11 apiece, bringing in some $4.2m in gross proceeds, according to a securities filing.
The shares represent 3.08% of its holding.
With 10.4 million shares before the deal, Centerbridge had some 30.1%
