AmericasDry Cargo

Genco disposes of Jinhui shares

Dry bulk shipping company Genco has sold its 8,345,641 shares in fellow dry bulk carrier Jinhui Shipping and Transportation.

The shares represented around 11% equity interest in Jinhui. After the disposal, Genco hold no interest in Jinhui.

This week, Genco closed a new $400m credit facility and made amendments to some existing facilities. Proceeds from the new credit facility will be used to refinance all of the company’s existing credit facilities into one facility.


Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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