GENCO SHIPPING & TRADING LTD — Director's Dealing 2021

Aug 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENCO SHIPPING & TRADING LTD (GNK)
CIK: 0001326200
Period of Report: 2021-08-16

Reporting Person: Centerbridge Credit Partners, L.P. (10% Owner)
Reporting Person: Centerbridge Credit Partners General Partner, L.P. (10% Owner)
Reporting Person: Centerbridge Credit Partners Master, L.P. (10% Owner)
Reporting Person: Centerbridge Credit Partners Offshore General Partner, L.P. (10% Owner)
Reporting Person: Centerbridge Credit Cayman GP, Ltd. (10% Owner)
Reporting Person: Aronson Jeffrey (10% Owner)
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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-16	Common Stock, par value $0.01 per share ("Common Stock")	S	47160	$17.7515	Disposed	250125	Indirect
2021-08-17	Common Stock	S	181271	$17.7131	Disposed	68854	Indirect
2021-08-18	Common Stock	S	68854	$17.9737	Disposed	0	Indirect
2021-08-16	Common Stock	S	27385	$17.7515	Disposed	145238	Indirect
2021-08-17	Common Stock	S	105257	$17.7131	Disposed	39981	Indirect
2021-08-18	Common Stock	S	39981	$17.9737	Disposed	0	Indirect
2021-08-16	Common Stock	S	25455	$17.7515	Disposed	135008	Indirect
2021-08-17	Common Stock	P	97843	$17.7131	Disposed	37165	Indirect
2021-08-18	Common Stock	S	37165	$17.9737	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4531411	Indirect
Common Stock	33172	Indirect

Footnotes

F1: These securities are held by Centerbridge Credit Partners Master, L.P. ("Credit Partners Master").

F2: These securities are held by Centerbridge Credit Partners, L.P. ("Credit Partners").

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

F4: These securities are held by Centerbridge Capital Partners II (Cayman), L.P. ("Capital Partners II").

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

F6: Centerbridge Credit Partners General Partner, L.P. ("Onshore GP") is the general partner of Credit Partners, and, as such, it may be deemed to beneficially own the securities held by Credit Partners. Centerbridge Credit Partners Offshore General Partner, L.P. ("Offshore GP") is the general partner of Credit Partners Master, and, as such, it may be deemed to beneficially own the securities held by Credit Partners Master. Centerbridge Credit Cayman GP Ltd. ("Credit GP") is the general partner of each of Onshore GP and Offshore GP, and, as such, it may be deemed to beneficially own the securities held by Credit Partners and Credit Partners Master. As of August 18, 2021, Credit Partners Master, Credit Partners, Onshore GP, Offshore GP and Credit GP ceased
to beneficially own any shares of Common Stock and, as such, this constitutes an "exit filing" for Credit Partners Master, Credit Partners, Onshore
GP, Offshore GP and Credit GP.

F7: Centerbridge Special Credit Partners General Partner II (Cayman), L.P. ("CSCPGP II Cayman") is the general partner of Special Credit Partners II AIV, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV. CSCP II Cayman GP Ltd. ("CSCP II Cayman Ltd.") is the general partner of CSCPGP II Cayman, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV. As of
August 18, 2021, Special Credit Partners II AIV, CSCPGP II Cayman and CSCP II Cayman Ltd. ceased to beneficially own any shares of Common
Stock and, as such, this constitutes an "exit filing" for Credit Partners II AIV, CSCPGP II Cayman and CSCP II Cayman Ltd.

F8: Centerbridge Associates II (Cayman), L.P. ("CA II Cayman") is the general partner of Capital Partners II, and as such, it may be deemed to beneficially own the securities held by Capital Partners II. CCP II Cayman GP Ltd. ("CCP II Cayman Ltd.") is the general partner of each of CA II Cayman and Capital Partners SBS II, and as such, it may be deemed to beneficially own the securities held by Capital Partners II and Capital Partners SBS II. Jeffrey H. Aronson ("Mr. Aronson"), indirectly, through various intermediate entities controls each of the Centerbridge Funds, and, as such, Mr. Aronson may be deemed to beneficially own the securities held by the Centerbridge Funds.

F9: For purposes of this filing, "Reporting Persons" means, as applicable, Special Credit Partners II AIV, Credit Partners Master, Credit Partners, Capital Partners II, Capital Partners SBS II, Onshore GP, Offshore GP, Credit GP, CSCPGP II Cayman, CSCP II Cayman Ltd., CA II Cayman, CCP II Cayman Ltd. and Mr. Aronson.

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.