New York-listed Genco Shipping & Trading is the latest dry bulk owner to seek a way to monetise exposure to a containership market that is even hotter than its own trade.
Genco is seeking class approval on its entire fleet of capesizes, ultramaxes and supramaxes to carry boxes both on deck and in cargo holds, chief executive John Wobensmith told TradeWinds in a recent interview.
Still, the Genco chief emphasised that the business was likely to be selective and opportunistic as it joins the list of dry owners to explore the option.
