Genco takes delivery of a modern Imabari capesize acquired for $63.6m

New York-listed drybulk shipowner Genco Shipping & Trading Limited took delivery of a recent acquired Imabari-built capesize vessel as part of the company’s growth strategy to further modernize its “asset base” and improve its “earnings capacity.”

The U.S. headquartered shipowner bought a modern 2020-Imabari built 182,000 dwt scrubber-fitted capesize vessel for a purchase price of $63.6m.

The purchase of Genco Courageous marks the fourth high specification, fuel efficient capesize vessel that Genco has agreed to acquire since October 2023, Genco said, further expanding the company’s presence in a key sector.

The company didn’t disclose the name of the seller.

Genco’s current fleet consists of 43 vessels with an average age of 12.7 years and an aggregate capacity of approximately 4,628,000