Genco Shipping & Trading Ltd. said Monday it took delivery of a 1998-built Panamax vessel, the final vessel of a, $81.3 million, three-ship deal.
Genco said it plans for the newly acquired ship, named the Genco Surprise, to begin a previously announced time charter for 12 to 14 months at a gross rate of $25,000 daily.
Genco's fleet now has seven Panamax, eight Handymax and five Handysize vessels with an average age of 9 years.
Shares fell 11 cents to close at $24.89 on the Nasdaq.
