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Here’s Why Genco’s CEO Is Considering Pulling Out of U.S. Ports

John Wobensmith, CEO of Genco Shipping and Trading Limited, knows the company’s business can’t keep up with the United States Trade Representative’s (USTR) proposed port fees on shippers. That’s why-despite being headquartered in the U.S.-Genco is reportedly considering skipping over U.S. ports should the proposal be approved. The proposed fees, which could be as high …