A prominent analyst is seeing good days ahead for Genco Shipping & Trading and the dry-bulk industry overall.
Evercore ISI analyst Jon Chappell expects the New York-listed bulker player to expand its fleet of 60 vessels on the back of a solid ledger and a recovery in the dry-bulk market.
He says the company has emerged from the dry-bulk shipping downturn with a recapitalised balance sheet and the strongest capital structure of its listed peers.
