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Dry Bulk Capes Ultra and supras

Genco to sell three ageing supramaxes amid wider losses

The New York-listed dry bulk owner will offload three supramaxes through the first quarter of 2021. Genco remains optimistic for the remaining part of 2020 and into next year

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Genco, which has been focusing on a fleet renewal programme, reported a net loss of $21.1m in the third quarter of the year. However, the owner declared a regular quarterly cash dividend of $0.02 per share as part of its dividend programme, which began last year

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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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