{"id":68004,"date":"2017-05-10T07:21:00","date_gmt":"2017-05-10T07:21:00","guid":{"rendered":"https:\/\/splash247.com\/?p=68004"},"modified":"2017-05-10T08:09:55","modified_gmt":"2017-05-10T08:09:55","slug":"genco-eyes-mas","status":"publish","type":"post","link":"https:\/\/splash247.com\/genco-eyes-mas\/","title":{"rendered":"Genco eyes M&#038;As"},"content":{"rendered":"<p>Genco Shipping &amp; Trading has come out on the warpath for more bulker tonnage. Despite losing $15.6m in the first quarter, the company is adamant that it is in a good position to snap up tonnage as well as pursue mergers and acqusitions. Capesizes are at the top of the list with ultramaxes and supramaxes also eyed.<\/p>\n<p>John Wobensmith, Genco\u2019s CEO, commented, \u201cAs supply and demand fundamentals continue to come into balance, we believe Genco is well positioned to take advantage of a market recovery due to our improved platform and significant operating leverage.\u201d<\/p>\n<p>In an analysts meeting Wobensmith, who took over from ousted Peter Georgioupoulos last year, explained: &#8220;Our major focus is on M&amp;A and how we grow this company going forward.&#8221;<\/p>\n<p>During the first quarter Genco sold four older ships and has another one lined up for sale later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genco Shipping &amp; Trading has come out on the warpath for more bulker tonnage. Despite losing $15.6m in the first quarter, the company is adamant that it is in a good position to snap up tonnage as well as pursue mergers and acqusitions. Capesizes are at the top of the list with ultramaxes and supramaxes &hellip;<\/p>\n","protected":false},"author":3,"featured_media":18484,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[71,57],"tags":[200],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Genco eyes M&amp;As - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/genco-eyes-mas\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genco eyes M&amp;As - Splash247\" \/>\n<meta property=\"og:description\" content=\"Genco Shipping &amp; Trading has come out on the warpath for more bulker tonnage. Despite losing $15.6m in the first quarter, the company is adamant that it is in a good position to snap up tonnage as well as pursue mergers and acqusitions. 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