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Dry Bulk North America

Genco takes $53m hit to terminate newbuildings deal

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GENCO Shipping & Trading’s decision to forfeit a $53m deposit as it cancelled an agreement to buy three capesize and three handysize bulk carriers has turned the spotlight on a critical issue in the dry bulk market.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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