Genco Shipping & Trading posted a loss for last year's fourth quarter due to significant impairment costs on several ships in its fleet.
The New York-listed bulker owner reported a $65.9m net loss. This included non-cash vessel impairment charges of $7m on the sale of three supramaxes and a handysize, a $67.2m charge on writing down nine supramax bulkers, and a $1m loss on vessel sales.
