Genco Shipping & Trading has seen the cumulative value of its shares grow by $226m so far this year as its stock price jumped 90%.
But the New York bulker owner wants more, as the company homes its strategic focus on the mergers-and-acquisitions (M&A) market.
President and chief executive John Wobensmith tells TradeWinds that Genco is aiming to become a $1bn company, and that means the M&A hunt will likely lean towards larger transactions rather than smaller-scale deals.
