Genco Shipping takes delivery of 2019-built 182,000-dwt Capesize vessel Genco Volunteer - GNK News | RalliesGenco Shipping takes delivery of 2019-built 182,000-dwt Capesize vessel Genco Volunteer
G
GNK• Genco Shipping adds Genco Volunteer to the fleet
- Genco Shipping took delivery of the Genco Volunteer, a 2019-built 182,000 dwt scrubber-fitted Capesize vessel.
- Immediate spot-market deployment is targeted at earning a premium to benchmark indices.
- Fleet expansion since Q4 2023 included $400 million invested in seven modern Capesize or Newcastlemax vessels.
- Management cited an approximately 30% IRR to date from those acquisitions, supporting dividend capacity.
- The fleet now totals 43 vessels, including 20 Capesize or Newcastlemax ships.
•
