Bayer Q2 Earnings Beat Forecasts as Crop Science Boosts Results, Debt Outlook Improves 
Prysmian Nears Deal to Acquire Atkore in Potential All-Cash Takeover 
Boeing Stock Jumps as FAA Certifies 737 MAX-7 After Years of Regulatory Review 
Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits 
Nike China Strategy to Lift Margins Despite $1 Billion Sales Hit, Bernstein Says 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
Toyota Raises FY2027 Outlook, Announces ¥1 Trillion Buyback Despite Q1 Profit Dip 
HSBC H1 Profit Jumps 23%, Announces $1 Billion Share Buyback and Reaffirms 2028 Targets 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Samsung, SK Hynix Test AMEC Chipmaking Tools for China Backup Plan 
Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions 
DHL Q2 Profit Jumps 24% as Express Business Drives Growth 
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch 
Shein Targets $30B-$40B Valuation in Hong Kong IPO Planned for August 
Jetstar to Charge for Overhead Cabin Bags From February 
NEW YORK, April 02, 2018 -- Genco Shipping & Trading Limited (NYSE:GNK) announced today the establishment of a European subsidiary in Copenhagen, Denmark and the appointment of Sune Linné Fladberg as Commercial Director, Minor Bulk, Europe.
Mr. Fladberg brings extensive minor bulk chartering experience managing Ultramax, Supramax, and Handysize vessels. Prior to joining Genco, Mr. Fladberg had been at Clipper Group since 2007, holding various chartering and management positions, including serving as the general manager for the chartering team in Copenhagen. Most recently he was Vice President and part of Clipper Group’s global bulk management team and head of worldwide Handysize chartering.
John C. Wobensmith, Chief Executive Officer, commented, “We continue to take steps to solidify our sizeable and leading drybulk platform and further enhance our ability to provide a full-scale logistics solution to leading charterers and cargo providers on a 24 hour basis. We are pleased to have established a European subsidiary in Denmark and have Sune join our in-house commercial team, complementing our group of seasoned chartering professionals in New York and Singapore, and further strengthening our position in our key trading markets. The ongoing success we have had incorporating voyage charters and direct cargo liftings to our global major and minor bulk operation position us well to continue to take advantage of a market recovery.”
“I am thrilled to be joining Genco during an exciting time, as the Company expands its presence worldwide,” said Mr. Fladberg. “Genco is an industry leader with an enhanced commercial platform, and I look forward to contributing to the Company’s success as it seeks to further capitalize on strong and improving drybulk fundamentals.”
About Genco Shipping & Trading Limited
Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. As of April 2, 2018, Genco Shipping & Trading Limited’s fleet consists of 13 Capesize, six Panamax, four Ultramax, 21 Supramax, one Handymax and 15 Handysize vessels with an aggregate capacity of approximately 4,688,000 dwt.
CONTACT:
Apostolos Zafolias
Chief Financial Officer
Genco Shipping & Trading Limited
(646) 443-8550
