Wallem Takes Over Management of 4 Genco Capes

PRESS RELEASE - 15/09/2018

Wallem Ship Management has been awarded the management of four more Genco vessels – the Genco Resolute, Genco Endeavour, Genco Defender and Genco Liberty. The Capesize bulkers were taken over by Wallem on 14th & 15th of August and 8th & 11th of September 2018 respectively. All four Capesize bulkers will be managed out of Wallem’s Hong Kong office.

Wallem’s relationship with Genco goes back to when the company was formed in 2005, with Wallem taking over management of Genco’s first vessels. Over the years, Wallem has managed a variety of vessel types for Genco from handysize vessels to Panamax ones, with these being the first Capes for Genco to come under management.

Our relationship with Genco has gone from strength to strength thanks to a mutual focus on safety and operational efficiency. The appointment to manage these particular vessels was also due to our good PSC record with Australia and smooth trade into Port Hedland. We are very pleased to take on the management of these further four ships for Genco.

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