Investors

Genco Shipping & Trading Limited Announces Third Quarter 2006 Conference Call and Webcast

Oct 19, 2006

NEW YORK, Oct. 19 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (Nasdaq: GSTL) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2006 on Thursday, November 2, 2006 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation.

    What:  Third Quarter 2006 Conference Call and Webcast

    When:  Thursday, November 2, 2006 at 8:30 a.m. Eastern Time

    Where: There are two ways to access the call:

           Dial-in: (800) 946-0713 or (719) 457-2642; Passcode: 1461964

           Please dial in at least 10 minutes prior to 8:30 a.m. Eastern 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 Thursday, November 16, 2006 at (888) 203-1112 or (719) 457-0820. Enter the code 1461964 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. After the acquisition of the three vessels, Genco Shipping & Trading Limited will own a fleet of 20 drybulk vessels, consisting of seven Panamax, eight Handymax and five Handysize vessels, with a carrying capacity of approximately 1,029,000 dwt.

SOURCE Genco Shipping & Trading Limited

CONTACT:
John C. Wobensmith,
Chief Financial Officer of Genco Shipping & Trading Limited,
+1-646-443-8555