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Dry Bulk International North America

Loss-making Genco completes asset sales

US-listed bulker owner says it has completed its divestment programme following the sale of two more of its older supramaxes

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The company, which recorded a net loss of $65m in the fourth quarter of 2020 compared with net income of $900,000 in the same period a year earlier, sees a favourable dry bulk market going forward

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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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