GENCO BRITTANY

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GENCO BRITTANY 9490698

Genco Shipping and Trading has announced that it has taken delivery of the ‘Genco Brittany’, a 2010-built Supramax vessel. The ‘Genco Brittany’ is the eleventh vessel to be delivered to the Company under Genco's agreement previously announced on June 25, 2010 to acquire 13 Supramax vessels from Setaf, a wholly owned subsidiary of Bourbon. The company also announced that it has reached an agreement to enter into a time charter for the Genco Brittany with Oldendorff for 2.5 to 5.5 months at a rate of US$21,000 per day, less a 5 percent third party brokerage commission. The time charter for the Genco Brittany is expected to commence on or about September 25, 2010 and is subject to the completion of definitive documentation. Source: baird maritime, http://www.bairdmaritime.com/index.php?option=com_content&view=article&id=8013:genco-takes-delivery-of-supramax&catid=67&Itemid=58