On January 22, 2024, Genco Shipping & Trading Limited announced that it has sent a letter to shareholders highlighting steps the Company is continuing to take to drive sustainable, long-term shareholder value. In addition, the Company stated that the board is reviewing the director nominations recently made by GK Investor LLC, the Company board is committed to strong corporate governance and will consider these nominations as a part of its normal review process, it will make its formal recommendation in due course and will continue to take actions that are in the best interests of the Company and all of its shareholders.