GENCO SHIPPING & TRADING LTD — Director's Dealing 2014

Jul 25, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GENCO SHIPPING & TRADING LTD (GNKSF)
CIK: 0001326200
Period of Report: 2014-07-09

Reporting Person: Centerbridge Capital Partners II (Cayman), L.P. (10% Owner)
Reporting Person: Centerbridge Capital Partners SBS II (Cayman), L.P. (10% Owner)
Reporting Person: Centerbridge Associates II (Cayman), L.P. (10% Owner)
Reporting Person: Centerbridge GP Investors II (Cayman), L.P. (10% Owner)
Reporting Person: CCP II Cayman GP Ltd. (10% Owner)
Reporting Person: Centerbridge Special Credit Partners II AIV IV (Cayman), L.P. (10% Owner)
Reporting Person: Centerbridge Special Credit Partners General Partner II (Cayman), L.P. (10% Owner)
Reporting Person: Centerbridge Special GP Investors II (Cayman), L.P. (10% Owner)
Reporting Person: CSCP II Cayman GP Ltd. (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2837673	Indirect
Common Stock	10538074	Indirect
Common Stock	2610848	Indirect
Common Stock	5149293	Indirect
Common Stock	59740	Indirect

Footnotes

F1: These shares of Common Stock are held by Centerbridge Credit Partners, L.P. ("Credit Partners").

F2: These shares of Common Stock are held by Centerbridge Capital Partners II (Cayman) L.P. ("Capital Partners II").

F3: These shares of Common Stock are held by Centerbridge Special Credit Partners II AIV IV (Cayman), L.P. ("Special Credit Partners II").

F4: These shares of Common Stock are held by Centerbridge Credit Partners Master, L.P. ("Credit Partners Master").

F5: These shares of Common Stock are held by Centerbridge Capital Partners SBS II (Cayman) L.P. ("Capital Partners SBS II" and, together with Credit Partners, Credit Partners II, Special Credit Partners II and Credit Partners Master, the "Centerbridge Funds").

F6: Centerbridge Credit GP Investors, L.L.C. ("GP Investors") is the general partner of Centerbridge Credit Partners General Partner, L.P. ("Credit GP"), which, in turn, is the general partner of Credit Partners, and, as such GP Investors and Credit GP may be deemed to beneficially own the securities held by Credit Partners. Centerbridge Credit Offshore GP Investors, L.L.C. ("Offshore GP Investors") is the general partner of Centerbridge Credit Partners Offshore General Partner, L.P. ("Offshore GP"), which, in turn, is the general partner of Credit Partners Master, and, as such Offshore GP Investors and Offshore GP may be deemed to beneficially own the securities held by Credit Partners Master. (Continued in footnote 7)

F7: CCP II Cayman GP Ltd. ("CCAP II Cayman Ltd.") is the general partner of Centerbridge GP Investors II (Cayman), L.P. ("CGPI II Cayman"), which, in turn is the general partner of Centerbridge Associates II (Cayman), L.P. ("CA II Cayman"), which, in turn, is the general partner of Capital Partners II and Credit Partners SBS II, and, as such CCAP II Cayman Ltd., CGPI II Cayman and CA II Cayman may be deemed to beneficially own the securities held by Capital Partners II and Capital Partners SBS II. (Continued in footnote 8)

F8: CSCP II Cayman GP Ltd. ("CSCP II Cayman Ltd.") is the general partner of Centerbridge Special GP Investors II (Cayman), L.P. ("CSCGPI II Cayman"), which, in turn is the general partner of Centerbridge Special Credit Partners General Partner II (Cayman), L.P. ("CSCPGP II Cayman" and collectively with the Centerbridge Funds, GP Investors, Credit GP, Offshore GP Investors, Offshore GP, CCAP II Cayman Ltd., CGPI II Cayman, CA II Cayman, CSCP II Cayman Ltd., CSCGPI II Cayman, Mark T. Gallogly and Jeffrey H. Aronson, the "Reporting Persons" and each, a "Reporting Person"), which, in turn, is the general partner of Special Credit Partners II, and, as such CSCP II Cayman Ltd., CSCGPI II Cayman and CSCPGP II Cayman may be deemed to beneficially own the securities held by Special Credit Partners II. (Continued in footnote 9)

F9: Messrs. Gallogly and Aronson are the managing members of each of GP Investors, Offshore GP Investors, Centerbridge GP Investors II, LLC, which serves as the director of CCP II Cayman Ltd., and Centerbridge Special GP Investors II, L.L.C., which serves as the director of CSCP II Cayman Ltd., and, as such may be deemed to beneficially own the securities held by the Centerbridge Funds. (Continued in footnote 10)

F10: The filing of this statement by the Reporting Persons shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, such Reporting Persons are the beneficial owners of the securities reported herein and each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Act, except to the extent of such Reporting Person's pecuniary interest therein.