When Genco Shipping & Trading’s management team met with TradeWinds in late February, the coronavirus already was a global pandemic but its full impact on the world economy was just starting.
Genco chief executive John Wobensmith made it clear then that a $0.175-per-share quarterly dividend instituted last November was here to stay, even in the face of the coronavirus.
The world has become a bleaker place even in the 10 intervening weeks.
