Genco Shipping & Trading Limited Establishes Singapore Presence
October 17 2017 - 8:00AM
Genco Shipping & Trading Limited (NYSE:GNK) announced today the
opening of a new office in Singapore and the appointment of Ivo
Kempenaer as Vice President and Commercial Director, Head of Major
Bulks.
Mr. Kempenaer has over 30 years of chartering experience working
for both ship owners and commodity charterers, with a focus on
major bulk commodities such as iron ore and coal. Prior to joining
Genco, Mr. Kempenaer was a senior broker on the Capesize desk of
Simpson Spence Young Pte Ltd, developing new chartering business.
Previously, he served as General Manager, Pacific Chartering for
EDF Trading Singapore Pte Ltd, where he was responsible for
expanding worldwide Capesize trading activities. Mr. Kempenaer also
served as the Head of the Capesize Department at BHP Billiton.
John C. Wobensmith, Chief Executive Officer, commented, “Genco
continues to take important steps to optimize our commercial
strategy and enable the Company to more fully capitalize on its
leading and sizeable operating platform. We are excited to
establish a Singapore presence and grow our footprint globally,
supporting our efforts to offer a full-scale logistics solution and
strengthen relationships with leading iron ore producers and
charterers worldwide. We are very pleased to have such an
accomplished industry veteran like Ivo to spearhead the employment
of our major bulk fleet and further position Genco to benefit from
a market recovery.”
Ivo Kempenaer commented, “I am excited to join Genco and help to
grow the major bulk component of its commercial platform. Genco is
a proven industry leader, and I look forward to contributing to the
company’s long-term success.”
About Genco Shipping & Trading
LimitedGenco Shipping & Trading Limited transports
iron ore, coal, grain, steel products and other drybulk cargoes
along worldwide shipping routes. As of October 17, 2017, 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:John C. WobensmithChief
Executive OfficerGenco Shipping & Trading Limited(646)
443-8550
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