Genco Shipping & Trading the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities,  announced that it has taken delivery of the Genco Courageous, a 2020-built 182,000 dwt scrubber-fitted Capesize vessel.

John C. Wobensmith, Chief Executive Officer, commented, “We are pleased to take delivery of this high specification, fuel efficient Capesize vessel, which expands the Company’s presence in a key sector and marks approximately $200 million invested in modern Capesize vessels since October 2023. Importantly, we continue to take steps to modernize our asset base and improve our earnings capacity at a time of favorable long-term industry fundamentals. Moving forward, we remain committed to executing our value strategy to further capitalize on attractive growth opportunities while continuing to provide shareholders with sizable returns.