Secondhand Ultramax Joins Genco Shipping’s Fleet

Dry bulk specialists Genco Shipping & Trading Limited has taken delivery of the recently acquired 61,000 dwt Ultramax vessel.

The Genco Weatherly is the first of six vessels to be delivered to Genco as part of its recent agreements to acquire the secondhand ships.

Besides the 2014-built Ultramax, the company reached a deal to purchase two 2015-built 180,000 dwt Capesize vessels and another 2016-built 60,000 dwt Ultramax vessel.

In addition, Genco entered into another agreement to acquire two 2016-built 180,000 dwt Capesize vessels.

All of the units are expected to be delivered to Genco in the third quarter of 2018.