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Evermore Global Advisors chief David Marcus is a vocal advocate of consolidation in the dry bulk sector. Photo: John Woike/Marine Money

Evermore Global slashes stakes in Genco Shipping and Scorpio Bulkers

Contrarian fund's disposals mean the top four financial holders have taken hatchet to their Genco holdings

15 January 2021 22:08 GMT Updated 18 January 2021 10:57 GMT

Fund manager Evermore Global Advisors is the latest major investor to slash its stake in New York-listed Genco Shipping & Trading, and has largely

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