Genco Shipping & Trading Clarifies Change In Ticker Symbols

Nov 17, 2014

NEW YORK, Nov. 17, 2014 /PRNewswire/ -- Genco Shipping & Trading Limited (the "Company") today announced that its ticker symbols for its common stock and warrants have been changed as a result of an administrative error by the OTCBB. Genco's common stock will trade under the ticker symbol "GSKNE" and its warrants will trade under the ticker symbol "GNKWE" for one day, November 17, 2014. The Company expects its common stock ticker symbol to be restored to "GSKNF" and its warrant ticker symbol to be restored to "GNKWF" on November 18, 2014.

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Excluding Baltic Trading Limited's fleet, we own a fleet of 53 drybulk vessels, consisting of nine Capesize, eight Panamax, 17 Supramax, six Handymax and 13 Handysize vessels, with an aggregate carrying capacity of approximately 3,810,000 dwt. In addition, our subsidiary Baltic Trading Limited currently owns a fleet of 13 drybulk vessels, consisting of four Capesize, four Supramax, and five Handysize vessels. References to Genco's vessels and fleet in this press release exclude vessels owned by Baltic Trading Limited.

"Safe Harbor" Statement Under
the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations and include factors that could cause actual results to differ materially such as the taking of action by the OTCBB  to restore the Company's ticker symbols and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent filings on Form 10-Q and Form 8-K.        

SOURCE Genco Shipping & Trading Limited

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