Genco takes delivery of bulker
New York-based Genco Shipping & Trading Ltd. said it has taken delivery of the Genco Augustus, a January 2007-built 180,000 dwt capesize vessel.
The Genco Augustus is the first vessel to be delivered to the company under Genco’s previously announced agreement on July 18 to acquire nine capsize vessels from companies within the Metrostar Management Corp. group.
The Genco Augustus is on charter with Cargill International S.A. at a rate of $45,263 per day, less a 5 percent third-party brokerage commission. The charter is due to expire between December 2009 and April 2010.