Genco Takes Delivery of 2014-built Ultramax

Drybulk shipping company Genco Shipping & Trading Limited announced Thursday it has taken delivery of a 2014-built 61,000 dwt Ultramax vessel.

The vessel, Genco Weatherly, is the first of four ships to be delivered to Genco in a deal that also included two 2015-built 180,000 dwt Capesize vessels and a 2016-built 60,000 dwt Ultramax vessel.

In addition, Genco said it recently entered into another agreement to acquire two 2016-built 180,000 dwt Capesize vessels.

All of the vessels are expected to be delivered to Genco in the third quarter of 2018.