Genco pockets extra $10.5m from delayed sale of two capes

Sometimes in the lottery that is shipping a failed deal can be a bonus.  Last month US-listed bulker player Genco Shipping & Trading revealed that it had terminated agreements to sell the 2010-built Genco Claudius and 2009-built Genco Maximus due to what Genco said was the buyer’s breach of the agreements’ terms.  Genco has since …

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