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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

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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