He has just been awarded a bonus of $807,000 for 2014 latest disclosures to the US Securities & Exchange Commission (SEC) show.

Wobensmith is also set to see his salary at the restructured drybulk shipowner increased to $600,000 for the 2015 calendar year, the filing shows.

He took over as president at Genco in late December 2014 following the retirement of Robert Buchanan, who had held the post for a decade.

Wobensmith