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Pacific Basin Chartering Ltd News

04 May 2010

Genco Shipping & Trading Q1 2010 Results

Genco Shipping & Trading Limited (NYSE:GNK) reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010 and March 31, 2009. --  Genco Claudius, a 2010 built Capesize vessel, with Cargill International S.A. --  Genco Augustus, a 2007 built Capesize vessel, with Cargill International S.A. --  Genco Knight, a 1999 built Panamax vessel, with Swissmarine Services S.A. --  Genco Vigour, a 1999 built Panamax vessel, with Global Maritime Investments Ltd. --  Genco Hunter, a 2007 built Supramax vessel, with Pacific Basin Chartering Ltd. --  Genco Predator, a 2005 built Supramax vessel, with Pacific Basin Chartering Ltd.

04 May 2010

Genco Shipping & Trading Time Charter

Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to sign a time charter for the Genco Predator, a 2005-built Supramax vessel, with Pacific Basin Chartering Ltd. for approximately 11 to 13.5 months at a rate of $22,500 per day, less a 5% third-party brokerage commission. The time charter is expected to commence on or about May 7, 2010 and is subject to the completion of definitive documentation. Currently, Genco has approximately 67% of its fleet's estimated available days secured on contracts for the remainder of 2010.

15 Dec 2006

Genco to Sign Time Charters for Drybulk Vessels

Handymax vessel, with Pacific Basin Chartering Ltd. Merchant Marine Co., Ltd. of $25,750 per day, equivalent to a gross rate of approximately $27,105. pool of approximately 45 vessels. respectively. commence following the expiration of its current time charter. time charters are subject to the completion of definitive agreements.