Bao D. Truong Intents to Resign as Director of Genco Shipping & Trading Limited

Genco Shipping & Trading Limited is a drybulk ship owning company. The Company provides a full-service logistics solution to its customers utilizing its in-house commercial operating platform. The Company transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. Its wholly owned modern fleet of dry cargo vessels consists of the Capesize and the Ultramax and Supramax vessels enabling the Company to carry a range of cargoes. Its fleets consist of over 43 drybulk carriers, including 16 Capesize drybulk carriers, 15 Ultramax drybulk carriers, and 12 Supramax drybulk carriers with an aggregate carrying capacity of approximately 4,490,000 deadweight tons (dwt). The Company's vessels include Baltic Bear, Baltic Hornet, Genco Lion, Baltic Wolf, Genco Aquitaine, Genco Augustus, Genco Bourgogne, Genco Liberty, Genco Freedom, Genco Picardy and Genco Vigilant.