Investors

Genco Shipping & Trading Limited Announces Fourth Quarter and Full Year 2005 Conference Call and Webcast

Jan 24, 2006

NEW YORK, NY, Jan 24, 2006 (MARKET WIRE via COMTEX News Network) -- Genco Shipping & Trading Limited (NASDAQ: GSTL) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter and full year of 2005. The conference call will also be broadcasted live over the Internet and include a slide presentation.

What: Fourth Quarter and Full Year 2005 Conference Call and Webcast

When: Tuesday, February 14, 2006 at 8:30 a.m. Eastern Standard Time

Where: There are two ways to access the call:

Dial-in: (866) 578-5771 or (617) 213-8055; Passcode: 97918523

Please dial in at least 10 minutes prior to 8:30 a.m. Eastern Standard Time to ensure a prompt start to the call.

For live webcast and slide presentation: http://www.gencoshipping.com

If you are unable to participate at this time, a replay of the call will be available until February 28, 2006 at (888) 286-8010 or (617) 801-6888. Enter the code 21642248 to access the audio replay.

The webcast will also be archived on the Company's website:

http://www.gencoshipping.com.

Please confirm your attendance via e-mail to agraham@igbir.com or contact Apostolos Zafolias at (646) 443-8525.

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Genco Shipping & Trading Limited currently owns a fleet of 17 drybulk carriers, consisting of five Panamax, seven Handymax and five Handysize vessels, with a carrying capacity of approximately 839,000 dwt.

CONTACT:
John C. Wobensmith
Chief Financial Officer
Genco Shipping & Trading Limited
(646) 443-8555

SOURCE: Genco Shipping & Trading