Genco snaps up secondhand cape for $47.5m

New York-listed bulker owner Genco Shipping & Trading has returned to the secondhand market with its first purchase this year. The Manhattan-based company has picked up an unnamed 2016-built capsize in a deal worth $47.5m, which will be financed with cash on hand and a drawdown from the company’s revolving credit facility. The 180,000 dwt …

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