Independent journal on economy and transport policy
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Genco Shipping will acquire the company Baltic Trading Ltd.
Together they will have a fleet of 70 to rinfusiere of the total ability to beyond 5,1 million tpl
April 8, 2015
The shipowning society American Genco Shipping & Trading Ltd. it will acquire the Baltic Trading Ltd., company with center in the Marshall Islands and focused on the market ad of the marine bulk transport sand banks that are constituted by the same Genco and that it has used the resources obtained with an initial public offer in order to begin the constitution of own fleet.
The acquisition, than is previewed will happen in the third trimester of this year, will be of the type stock-for-stock and Baltic Trading will indirectly become a branch integrally controlled from Genco.
Currently Genco possesses a fleet of 53 ships portarinfuse, of which nine Capesize, eight Panamax, 17 Supramax, six Handymax and 13 Handysize for an ability to transport pairs to a total of about 3,8 million gross capacities in tons, while the fleet of Baltic Trading is formed by four Capesize, two Ultramax, four, Supramax and five Handysize for a total ability to beyond 1,3 million tons of tpl.
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