Bankrupt Genco Shipping & Trading is losing charters — and perhaps customers — already during its relatively short time under Chapter 11 protection in the US, a key executive says.
Genco chief financial officer John Wobensmith described a pattern of rejected charters and sub-charters in an affidavit that seeks to move along what is meant to be a trip through the bankruptcy court’s express lane via a “prepack” reorganisation.
But
