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  3. Genco Shipping changed crew on 70% of its fleet
Genco Shipping changed crew on 70% of its fleet

Genco Shipping changed crew on 70% of its fleet

Drybulk shipowner Genco Shipping & Trading Limited said that, given the numerous travel and port restrictions imposed by COVID-19, it has managed to rotate the crew to approximately 70% of its fleet in recent months.

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As a result, crew changes affecting more than 800 seafarers since the start of the pandemic.

The company added that it was performing a polymerase chain reaction ( PCR) testing of its crew members as well as a quarantine period of 14 days prior to boarding a vessel.

“We continue to work diligently to repatriate more of the dedicated mariners on board our vessels who have worked beyond the term of their original contracts,” John C. Wobensmith, Chief Executive Officer, said.

In the past five months, crew changes have been almost unthinkable, impacting more than 600,000 seafarers worldwide who either served beyond their contracts or were unable to sign on ships.

In the last few months, Genco has managed to renew its feet by selling older Handysize boats, the Baltic Wind built in 2009 and the Baltic Breeze built in 2010 and deciding to sell the Genco Bay built in 2010.

The company recorded a net loss of $18.2 million for the second quarter of 2020 compared to a net loss of $34.5 million for the same period in 2019 against a challenging macroeconomic background for the second quarter.

Maritime Business World 

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