Investors

Genco Shipping & Trading Limited Announces Third Quarter 2008 Conference Call and Webcast

Oct 16, 2008

NEW YORK, Oct. 16 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2008 on Thursday, October 30, 2008 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 2008 Conference Call and Webcast

       When:    Thursday, October 30, 2008 at 8:30 a.m. Eastern Time

       Where:   There are two ways to access the call:

                Dial-in: (888) 271-8604 or (913) 312-0728; Passcode: 4899540

                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 through Thursday, November 13, 2008 at (888) 203-1112 or (719) 457-0820. Enter the code 4899540 to access the audio replay. The webcast will also be archived on the Company's website:

http://www.gencoshipping.com.

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 31 drybulk vessels consisting of five Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,226,500 dwt. After the expected delivery of 10 vessels the Company has agreed to acquire, Genco Shipping & Trading Limited will own a fleet of 41 drybulk vessels, consisting of 12 Capesize, eight Panamax, four Supramax, six Handymax and 11 Handysize vessels, with an aggregate carrying capacity of approximately 3,516,000 dwt.

SOURCE Genco Shipping & Trading Limited