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BRIEF-Genco Shipping & Trading Limited To Acquire Modern

Reuters logo Reuters 4/21/2021

April 21 (Reuters) - Genco Shipping & Trading Ltd:

* GENCO SHIPPING & TRADING LIMITED TO ACQUIRE MODERN, FUEL-EFFICIENT ULTRAMAX VESSEL

* GENCO SHIPPING & TRADING LTD - GENCO INTENDS TO FUND ACQUISITION FROM CASH ON BALANCE SHEET ON A LOW LEVERAGE BASIS

* GENCO SHIPPING & TRADING LTD - VESSEL, TO BE RENAMED GENCO ENTERPRISE, IS EXPECTED TO BE DELIVERED TO GENCO BETWEEN MAY AND JULY 2021 Source text for Eikon: Further company coverage:

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