Och-Ziff Capital Management's holding in the shipowner has been reduced to a nominal 4,396 shares, giving it just 0.1% of the company.

It marks a fall from the last disclosed holding of 3,255,301 shares, or 7.32% of the bulker company, in April.

The revision comes after the investor saw shares cancelled in exchange for warrants as part of Genco's restructuring.

Distressed investment specialist Och-Ziff had been one of the investors resisting elements of Genco’s restructuring agreement, an effort which was overturned by the court.

Och-Ziff