Genco Shipping & Trading Limited Commences Trading On OTCBB

Jul 30, 2014

NEW YORK, July 30, 2014 /PRNewswire/ -- Genco Shipping & Trading Limited (the "Company") announced today that trading through one or more market makers has commenced on the OTC Bulletin Board under the symbol "GSKNF" for its new common stock, par value $0.01 per share, and under the symbol "GNKSF" for warrants to purchase its new common stock.  The Company's new common stock and warrants were issued as described in its Current Report on Form 8-K filed with the SEC on July 15, 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.

SOURCE Genco Shipping & Trading Limited

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