Marine Link
Thursday, September 29, 2016

Genco Overcomes Contract Challenge

August 15, 2007

Genco Shipping & Trading Ltd. (GSKNF) said it overcame a challenge to a contract award from the U.S. Army worth up to $63.3m. Under the contract Genco will provide operations and maintenance support at the Army's base in Fort Lee, Virginia. The agreement has a base period of one year with four one-year options to renew. Genco's Infrastructure Solutions subsidiary began performing the contracted work Aug. 1.

Shares of Genco Shipping & Trading Ltd. rose 71 cents Wednesday to $53.42 in midday trading. Source: AP



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News