Genco Sets Up Minor Bulk Subsidiary

Genco Shipping & Trading Limited announced it has established a European subsidiary in Copenhagen to be led by newly appointed Commercial Director, Minor Bulk, Europe, Sune Linné Fladberg.

“We continue to take steps to solidify our sizeable and leading dry bulk platform and further enhance our ability to provide a full-scale logistics solution to leading charterers and cargo providers on a 24-hour basis,” said Genco CEO, John C. Wobensmith. “We are pleased to have established a European subsidiary in Denmark and have Sune join our in-house commercial team, complementing our group of seasoned chartering professionals in New York and Singapore, and further strengthening our position in our key trading markets. The ongoing success we have had incorporating voyage charters and direct cargo liftings to our global major and minor bulk operation position us well to continue to take advantage of a market recovery.”

Fladberg brings minor bulk chartering experience managing Ultramax, Supramax, and Handysize vessels. Prior to joining Genco, Fladberg had been at Clipper Group since 2007, holding various chartering and management positions, including serving as the general manager for the chartering team in Copenhagen. Most recently he was Vice President and part of Clipper Group’s global bulk management team and head of worldwide Handysize chartering.