Genco Shipping and Trading has started the new financial year as it ended the last one with a loss, figures released late Monday show.
The Peter Georgiopoulos-led bulker owner reported a net loss of $54.4m, but this was an improvement on a year ago when it lost $79.1m.
Genco’s revenue decreased over 40% year-on-year to $20.1m, while operating costs also declined by 37% to $67.9m.
The
