Genco Shipping & Trading handed out its largest dividend in a year and is guiding to improved rates in this quarter after reporting in-line earnings for the last three months of 2023.

The Manhattan-based bulker owner also confirmed the sale of two older capesizes — the 169,000-dwt Genco Maximus (built 2009) and Genco Claudius (built 2010) — to an unnamed buyer, as TradeWinds reported on 14 February.