Genco enters into a time charter with STX Panocean

Genco enters into a time charter with STX Panocean Genco Shipping and Trading Ltd. of New York, a dry bulk cargo transporter, today said it has finalized an agreement to enter into a time charter with STX Panocean.
      The 'Genco Vigour,' a Panamax vessel built in 1999, will be chartered for 23 to 25 months at the average rate of $29,000 per day.
   “With this agreement, we currently have about 75 percent of our fleet's available days secured on contracts for the year,” said Robert Gerald Buchanan, president of Genco.
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