It didn't take long for New York-listed Genco Shipping & Trading to make good on its promise to keep growing the fleet, even with a new policy to pay out more in dividends starting later this year.
Genco has pounced on a 2016-built eco ultramax just a day after chief executive John Wobensmith told equity analysts to expect further acquisitions in the near term even as the owner prepares for its new balance-sheet model.
