Tuesday, August 10, 2010

GNK Genco Shipping Earnings Takes Delivery of 2 Supramax vessels

http://www.StockMarketFunding.com GNK Genco Shipping & Trading Limited takes delivery of two Supramax vessels Co has taken delivery of the Genco Pyrenees, a 2010-built Supramax vessel, and the Genco Normandy, a 2007-built Supramax vessel. The Genco Pyrenees is expected to be delivered to its charterer, Setaf Saget SAS, on or about August 12, 2010 to commence a time charter for 11-13.5 months at a rate of $19K per day... co has also reached an agreement to enter into a time charter for the Genco Normandy with STX Pan Ocean UK for ~1.5-4 months at a rate of $20K per day.

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