Genco Shipping Hits Ch. 11 With Plan To Cut $1.2B Debt

Genco Shipping Hits Ch. 11 With Plan To Cut $1.2B Debt

Dry-bulk cargo ship operator Genco Shipping & Trading Ltd. filed for Chapter 11 bankruptcy in New York federal court Monday, submitting a prepackaged restructuring plan it says will help trim its debt load by an estimated $1.2 billion. ...read more

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