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GENCO SHIPPING & TRADING LTD Director's Dealing 2010

Mar 9, 2010

32441_dirs_2010-03-09_ec0f0901-3b4c-4f74-b628-cd9ffd9c9dee.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Baltic Trading Ltd (BALT)
CIK: 0001474042
Period of Report: 2010-03-09

Reporting Person: GENCO SHIPPING & TRADING LTD (10% Owner)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Class B Stock $ Common Stock (5699088) Indirect

Footnotes

F1: Not applicable.

F2: Each share of Class B Common Stock is convertible at any time at the option of the holder into 1 share of Common Stock. In accordance with the instructions to Form 3, holdings of shares of Class B Common Stock are reported in Table II.

F3: These securities are owned by Genco Investments LLC. These securities may be deemed beneficially owned by Genco Shipping & Trading Limited by virtue of its ownership of Genco Investments LLC. Genco Shipping & Trading Limited disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed to be an admission that Genco Shipping & Trading Limited has beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.