Genco Shipping (BUY, TP 26): Equity Raise Amidst Fleet Renewal (short comment)

Posted on June 14, 2018 by admin

  • Genco Shipping files for equity raise amidst fleet renewal
  • 2xCape + 2xUltra firm 14% above our latest generic valuation. Mainly a sign of rising asset prices
  • Positive read-across to the dry bulk sector in general
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