Reflects Strategic Action to Expand Premium Earning Asset Base and Increase Earnings Power and Dividend Capacity
Genco Shipping & Trading Limited , the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, announced that it has taken delivery of the Genco Valkyrie, the second of two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels that Genco agreed to acquire in November 2025.
John C. Wobensmith, Chairman and Chief Executive Officer, commented, “We are pleased to complete the delivery of our second high-specification Newcastlemax vessel this year, during a period of continued strength in the drybulk market. Consistent with our first delivery earlier this month, the vessel will be deployed in the firm spot market, where it is expected to earn a premium to benchmark indices based on its high specifications and larger size. The purposeful steps we have taken to add premium earning vessels to our fleet, combined with our significant operating leverage, position Genco to continue to drive increased earnings and superior returns to shareholders going forward.”
Source: cyprusshippingnews.com
