New York-based Genco Shipping & Trading is chasing a private owner led by its chairman, Peter Georgiopoulos, for $1.6m in past-due technical management fees.
The debt has come to light in a securities filing made this week by Genco, which was founded and taken public by Georgiopoulos in 2005 and is now sealing a merger with another of his companies, New York-listed Baltic Trading.
