GENCO SHIPPING & TRADING LTD — Director's Dealing 2021

Jan 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENCO SHIPPING & TRADING LTD (GNKSF)
CIK: 0001326200
Period of Report: 2021-01-19

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: CSCP II Cayman GP Ltd. (10% Owner)
Reporting Person: Centerbridge Special Credit Partners General Partner II, L.P. (10% Owner)
Reporting Person: Centerbridge Special Credit Partners II, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-19	Common Stock, par value $0.01 per share ("Common Stock")	S	18864	$8.8118	Disposed	2223181	Indirect
2021-01-19	Common Stock	S	10954	$8.8118	Disposed	1290923	Indirect
2021-01-19	Common Stock	S	10182	$8.8118	Disposed	1010738	Indirect
2021-01-20	Common Stock	S	14148	$8.8358	Disposed	2209033	Indirect
2021-01-20	Common Stock	S	8215	$8.8358	Disposed	1282708	Indirect
2021-01-20	Common Stock	S	7637	$8.8358	Disposed	1003101	Indirect
2021-01-21	Common Stock	S	14148	$8.6561	Disposed	2194885	Indirect
2021-01-21	Common Stock	S	8215	$8.6561	Disposed	1274493	Indirect
2021-01-21	Common Stock	S	7637	$8.6561	Disposed	995464	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	189258	Indirect
Common Stock	4810328	Indirect
Common Stock	35214	Indirect

Footnotes

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

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

F3: These securities are held by Centerbridge Credit Partners, L.P. ("Credit Partners").

F4: These securities are held by Centerbridge Special Credit Partners II AIV IV (Cayman), L.P. ("Special Credit Partners II AIV").

F5: These securities are held by Centerbridge Capital Partners II (Cayman), L.P. ("Capital Partners II").

F6: These securities are held by Centerbridge Capital Partners SBS II (Cayman), L.P. ("Capital Partners SBS II" and, together with Credit Partners, Special Credit Partners II, Credit Partners Master, Special Credit Partners II AIV and Capital Partners II, the "Centerbridge Funds").

F7: 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.

F8: 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. Centerbridge Special Credit Partners General Partner II, L.P. ("CSCPGP II") is the general partner of Special Credit Partners II and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II. CSCP II Cayman GP Ltd. ("CSCP II Cayman Ltd.") is the general partner of each of CSCPGP II Cayman, and CSCGP II, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV and Special Credit Partners II.

F9: 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. 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.

F10: For purposes of this filing, "Reporting Persons" means, as applicable, Special Credit Partners II AIV, Special Credit Partners II, Credit Partners Master, Credit Partners, Capital Partners II, Capital Partners SBS II, Onshore GP, Offshore GP, Credit GP, CSCPGP II Cayman, CSCPGP II, CSCP II Cayman Ltd., CA II Cayman, CCP II Cayman Ltd. and Mr. Aronson.

F11: 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.

F12: The sales reported on this line were effected pursuant to a Rule 10b5-1 trading plan.