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Genco Shipping & Trading Ltd. Message Board

  • eshjg eshjg Dec 23, 2012 5:30 PM Flag

    How much cash is GNK going to lose this year?

    The cash break even for GNK is $10,500 per day. For Q4, the average rate for GNK could be around $8,500 due to strong Cape rate in November. With that rate, GNK will lose $10m in cash for this Q. With this cash burning speed, what the lenders will do when the debt is due?

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