Genco dividend beefed up as earnings improve
Chief executive John C Wobensmith hails fourth-quarter performance and points to more strength in the new year’s first quarter
New York-listed bulker owner Genco has returned to profitability in the fourth quarter after going red in the third, but finished the year with a net loss of $12.9m. Chief executive John C Wobensmith hailed a ‘strong’ Q4 and pointed to higher earnings in the first quarter, with 81% days already booked