Bauxite becoming ‘meaningful’ for tonne-miles, says Genco
Capesizes’ performance propels New York-listed Genco to strongest quarter since 2022
Amid the proxy battle with Greek magnate George Economou, Genco reported strong earnings in the first quarter, propelled by positive performance from the capesize segment. Proxy advisory firm ISS sided with the New York-listed dry bulk company, arguing that Economou ‘failed to articulate a compelling case for change’, Genco said