Genco Shipping & Trading Limited Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change

Rhea-AI Summary

Genco Shipping & Trading Limited (NYSE: GNK) has signed The Neptune Declaration on Seafarer Wellbeing and Crew Change, addressing the crew change crisis caused by COVID-19. The declaration, backed by over 300 organizations in the shipping industry, focuses on four main actions: recognizing seafarers as key workers, establishing health protocols, enhancing collaboration for crew changes, and ensuring connectivity between maritime hubs. CEO John C. Wobensmith reiterated the company's commitment to their seafarers' health and safety amid the pandemic.

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• Commitment to seafarer welfare through signing The Neptune Declaration.
• Collaboration with over 300 organizations enhances industry reputation.
• Proactive health and safety measures in response to COVID-19.

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• None.

NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, announced today that it has signed The Neptune Declaration on Seafarer Wellbeing and Crew Change to address the unprecedented crew change crisis caused by COVID-19. The Neptune Declaration is a commitment signed by more than 300 leading organizations and companies from across the shipping industry to work together to support global seafarers and build a more resilient maritime supply chain.

The declaration defines four main actions that should be implemented:

• Recognize seafarers as key workers and give them priority access to COVID-19 vaccines
• Establish and implement gold standard health protocols based on existing best practice
• Increase collaboration between ship operators and charterers to facilitate crew changes
• Ensure air connectivity between key maritime hubs for seafarers

John C. Wobensmith, Chief Executive Officer, commented, “Since the beginning of the COVID-19 pandemic, Genco has worked tirelessly to support the health, safety and well-being of our seafarers and has been a leader in establishing protocols and facilitating crew changes. The Neptune Declaration is consistent with our belief that seafarers play an essential role making global trade possible and we have a shared responsibility to resolve this humanitarian crisis as soon as possible. We appreciate the admirable efforts of our crew members and we remain committed to helping these individuals return to their home countries safely and on time.”

About Genco Shipping & Trading Limited
Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. As of January 27, 2021, Genco Shipping & Trading Limited’s fleet consists of 17 Capesize, seven Ultramax, 16 Supramax and five Handysize vessels with an aggregate capacity of approximately 4,517,000 dwt and an average age of 10.3 years.

CONTACT:
Apostolos Zafolias
Chief Financial Officer
Genco Shipping & Trading Limited
(646) 443-8550

FAQ

What is The Neptune Declaration that Genco Shipping signed?

The Neptune Declaration is a commitment by over 300 organizations aimed at addressing the crew change crisis caused by COVID-19, focusing on seafarer welfare.

How does Genco Shipping support seafarers during COVID-19?

Genco Shipping supports seafarers by signing The Neptune Declaration and implementing health protocols to facilitate crew changes.

What actions are outlined in The Neptune Declaration?

The declaration includes recognizing seafarers as key workers, establishing health protocols, increasing collaboration for crew changes, and ensuring air connectivity between maritime hubs.

What is the fleet capacity of Genco Shipping?

As of January 27, 2021, Genco Shipping's fleet has an aggregate capacity of approximately 4,517,000 dwt.

Who is the CEO of Genco Shipping?

The CEO of Genco Shipping is John C. Wobensmith.