Genco Shipping & Trading Clarifies Change In Ticker Symbols

New York, Nov. 17, 2014

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.

Genco Shipping & Trading Limited