Centerbridge Partners has filed to sell more than half of its stake in New York-listed Genco Shipping & Trading, making it the third of the bulker owner's top-three shareholders to either sell down or sound a negative note in recent weeks.
Centerbridge said it has agreed with US investment bank Jefferies to sell up to 5.64m of the 10.5m shares it holds in the Manhattan-based shipowner, which would substantially pare its 25% holding.
