GENCO SHIPPING & TRADING LTD — Director's Dealing 2011

May 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENCO SHIPPING & TRADING LTD (GNK)
CIK: 0001326200
Period of Report: 2011-05-12

Reporting Person: PERRIN HARRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-12	Common Stock	A	2500	—	Acquired	14900	Direct

Footnotes

F1: The 2,500 shares of common stock of the issuer received in the transaction reported on this form are a grant of restricted stock. The shares will generally vest in full on the earlier of (i) the date of the next annual shareholders meeting of the Company at which directors are elected or (ii) the occurrence of a Change in Control (as defined in the Company's 2005 Equity Incentive Plan).