Genco 44

Acquisition of genco 44 built Genco Reliance adds to a previously announced acquisition of a built capesize, both scrubber-fitted. View full table. Your username does not meet the requirements.

It is also expected to be delivered to Genco in mid-November The top management of the company said it continues to further evaluate fleet renewal and growth opportunities in the sale and purchase market. Furthermore, it plans to upgrade a portion of its fleet with energy saving devices, and apply high performance paint systems to its vessels, in order to reduce fuel consumption and emissions. John C. In addition to declaring our 17th consecutive dividend, we capitalized on an attractive opportunity to acquire a built scrubber-fitted Capesize vessel. Beginning in September, the drybulk owner saw a significant uplift in drybulk freight rates, led by firm iron ore, coal and bauxite shipments. Looking ahead, the company expects commodity demand growth from China and developing Asia, despite the fact that volatility will persist.

Genco 44

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We are the largest U. Through our in-house commercial operating platform, we provide a full-service logistics solution for the transportation of commodities worldwide using a diversified fleet of modern, fuel-efficient vessels. Our diverse fleet, combined with the financial strength of our balance sheet, provide a strong foundation for our value strategy, which is aimed at generating long term shareholder value. We empower our employees through upward mobility and invest in our team members every step of the way. Our mission of building an organization that concentrates on achieving the highest level of integrity has translated into measurable results. We aim to deliver superior returns to our shareholders while maintaining a high level of transparency and stringent corporate governance standards.

Genco 44

A replay of the conference will be accessible at any time during the next two weeks by dialing in and entering the passcode At this time, I will now turn the conference over to the company. Please go ahead. Peter Allen: Good morning. Such forward-looking statements use words such as anticipate, budget, estimate, expect, project, intend, plan, believe and other words in terms of similar meaning in connection with the discussion of potential future events, circumstances or future operating or financial performance. John Wobensmith: Good morning, everyone. In addition to reviewing our Q4 and year-to-date highlights, we want to use this opportunity to provide an update on the progress we are making three years into our comprehensive value strategy, as well as on the industry's current fundamentals. We will then open up the call for questions, for additional information, please also refer to our earnings presentation posted on our website.

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