Genco Shipping & Trading records $6.62 million operating loss for May

By Caroline Salls

Pittsburgh, June 27 – Genco Shipping & Trading Ltd. reported a $6.62 million operating loss for May on $14.51 million in total revenue, according to its monthly operating report filed June 27 with the Securities and Exchange Commission.

The net loss for the month was $17.18 million.

In addition, Genco listed $33.27 million in cash and cash equivalents as of May 31.

Genco, a New York-based transporter of iron ore, coal, grain, steel products and other drybulk cargoes, filed for bankruptcy on April 21 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 case number is 14-11108.

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