Genco Shipping files for bankruptcy protection

April 21 Mon Apr 21, 2014 1:40pm EDT

April 21 (Reuters) - Genco Shipping & Trading Ltd said it filed for Chapter 11 bankruptcy protection after struggling with weak rates due to an oversupply of vessels.

The company said earlier this month it would file for bankruptcy as part of a deal with lenders.

Genco said it expects its operations to continue normally. (Reporting by Anannya Pramanick in Bangalore; Editing by Don Sebastian)

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