Shareholders in bankrupt Genco Shipping & Trading are stepping up the pressure on the company and court to slow down what is designed to be a rapid trip through the Chapter 11 process.

While Peter Georgiopoulos-led Genco is looking to a 3 June hearing to confirm its reorganisation plan, an equity committee is saying, in effect, “not so fast”.

It wants an additional 45 days to study the true value of the New York bulker owner, among other things.

Genco,