Genco buys stake in Norwegian dry bulk carrier
Dry bulk carrier Genco Shipping said Thursday it has taken a 10.2 percent stake in Oslo-listed Jinhui Shipping, which the company estimates will cost close to $58 million.
'Jinhui has one of the most modern dry bulk fleets in the world with a particular focus on the Supramax sector,' Genco said in a statement. 'It owns a fleet of 12 bulk carriers and has an additional 14 vessels to be delivered during the next three years.'
Genco buys stake in Norwegian dry bulk carrier
