Investors

Genco Shipping & Trading Limited Announces Second Quarter 2009 Conference Call and Webcast

Jul 16, 2009

NEW YORK, July 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 second quarter of 2009 on Thursday, July 30, 2009 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2009 on Wednesday, July 29, 2009 after the close of market trading.

    What:      Second Quarter 2009 Conference Call and Webcast

    When:      Thursday, July 30, 2009 at 8:30 a.m. Eastern Time

    Where:     There are two ways to access the call:
               Dial-in: (888) 395-3186 or (719) 457-2083; Passcode: 9944035

               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, August 13, 2009 at (888) 203-1112 or (719) 457-0820. Enter the code 9944035 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 32 drybulk vessels consisting of six Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,396,500 dwt. After the expected delivery of three vessels the Company has agreed to acquire, Genco Shipping & Trading Limited will own a fleet of 35 drybulk vessels, consisting of nine Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,908,000 dwt.

SOURCE Genco Shipping & Trading Limited

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

Web Site: http://www.gencoshipping.com
(GNK)