<SEC-DOCUMENT>0001140361-15-028222.txt : 20150722
<SEC-HEADER>0001140361-15-028222.hdr.sgml : 20150722
<ACCEPTANCE-DATETIME>20150721211847
ACCESSION NUMBER:		0001140361-15-028222
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150722
DATE AS OF CHANGE:		20150721

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENCO SHIPPING & TRADING LTD
		CENTRAL INDEX KEY:			0001326200
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81128
		FILM NUMBER:		15998862

	BUSINESS ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
		BUSINESS PHONE:		(646) 443-8550

	MAIL ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Baltic Trading Ltd
		CENTRAL INDEX KEY:			0001474042
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		299 PARK AVENUE, 12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
		BUSINESS PHONE:		646-443-8550

	MAIL ADDRESS:	
		STREET 1:		299 PARK AVENUE, 12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>formsc13da.htm
<DESCRIPTION>BALTIC TRADING LTD SC 13DA 7-17-2015 (GENCO SHIPPING & TRADING LIMITED)
<TEXT>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 14pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Washington, D.C. 20549</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 18pt; FONT-WEIGHT: bold">SCHEDULE 13D/A</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Under the Securities Exchange Act of 1934</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(Amendment No. 1)*</div>

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</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 24pt; FONT-WEIGHT: bold">GENCO SHIPPING &amp; TRADING LIMITED</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Name of Issuer)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Stock, $0.01 Par Value</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Title of Class of Securities)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Y2685T115</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(CUSIP Number)</div>

<div><br>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">John C. Wobensmith</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Baltic Trading Limited</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">299 Park Avenue, 12 Floor</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New York, New York 10171</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(646) 443-8500</div>

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<div style="TEXT-ALIGN: center; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copies to:</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Thomas E. Molner, Esq.</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Kramer Levin Naftalis &amp; Frankel LLP</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1177 Avenue of the Americas</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New York, New York 10036</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(212) 715-9100</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">July 17, 2015</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Date of Event which Requires Filing of this Statement)</div>

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</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 27pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167;240.13d-l(e), 240.13d-l(f) or 240.13d-1(g), check the following box. &#9744;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Note:</font> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &#167;240.13d-7 for other parties to whom copies are to be sent.</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 27pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">*&#160; &#160;&#160; The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 27pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (" Act ") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>

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<td style="WIDTH: 100%">CUSIP No. Y2685T115</td>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">1</div>
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<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">NAME OF REPORTING PERSON</div>

<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal; MARGIN-RIGHT: 8.8pt">BALTIC TRADING LIMITED</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 8.8pt">&#160;</div>
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<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">98-0637837</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">2</div>
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<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
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<div style="TEXT-ALIGN: right">(a)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman''">&#9744;</div>
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<div style="TEXT-ALIGN: right">(b)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman''">&#9746;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">3</div>
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<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">SEC USE ONLY</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">4</div>
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<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" colspan="3">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">OO</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">5</div>
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<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" colspan="3">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman''">&#9744;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">6</div>
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<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Republic of the Marshall Islands</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%; VERTICAL-ALIGN: middle; FONT-WEIGHT: bold" rowspan="12" colspan="2">
<div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%; VERTICAL-ALIGN: middle" rowspan="3">
<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">SOLE VOTING POWER</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: bottom" rowspan="2">
<div>0</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
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<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%; VERTICAL-ALIGN: middle" rowspan="3">
<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">SHARED VOTING POWER</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: bottom" rowspan="2">
<div>0</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">SOLE DISPOSITIVE POWER</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: bottom" rowspan="2">
<div>0</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%; VERTICAL-ALIGN: middle" rowspan="3">
<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">SHARED DISPOSITIVE POWER</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%; VERTICAL-ALIGN: bottom" rowspan="2">
<div>0</div>
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<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">11</div>
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<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" colspan="3">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
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<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div>0</div>
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<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%; VERTICAL-ALIGN: middle" rowspan="3">
<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">12</div>
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<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" colspan="3">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; PADDING-RIGHT: 2px; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman''">&#9744;</div>
</td>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" rowspan="2" colspan="3">&#160;</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" colspan="3">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: bottom" rowspan="2" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">0%</div>
</td>
<td style="WIDTH: 2.59%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<td style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 1pt solid">
<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%; VERTICAL-ALIGN: middle" rowspan="3">
<div style="TEXT-ALIGN: center; FONT-SIZE: 18pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; VERTICAL-ALIGN: middle" colspan="3">
<div style="TEXT-ALIGN: left; FONT-WEIGHT: bold">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<tr>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">CO</div>
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<tr>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left">&#160;</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#160;</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE 13D</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXPLANATORY NOTE</div>

<div><br>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">This Amendment No. 1 (this &#8220;Amendment No. 1&#8221;) to the Statement of Beneficial Ownership on Schedule 13D (&#8220;Schedule 13D&#8221;) amends and supplements the Schedule 13D (the &#8220;Original Schedule 13D&#8221;), as filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on April 17, 2015 by and on behalf of Baltic Trading Limited, a Marshall Islands corporation (&#8220;Baltic Trading&#8221; or the &#8220;Reporting Person&#8221;)<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#160;</font>with respect to shares of common stock, par value $0.01 per share (&#8220;Common Stock&#8221;), of Genco Trading &amp; Shipping Limited, a Marshall Islands corporation (&#8220;Genco&#8221; or the &#8220;Issuer&#8221;).</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The Original Schedule 13D was filed by Baltic Trading to report beneficial ownership of approximately 34.4% of outstanding Common Stock (as defined below) solely because Baltic Trading may have been deemed to have beneficial ownership of such shares as a result of its entry into the Voting and Support Agreement (the &#8220;Voting Agreement&#8221;), dated April 7, 2015, by and among Baltic Trading, Genco, and certain affiliates of Centerbridge Partners, L.P., as shareholders of Genco, Baltic Trading, or both (as applicable), including each of Centerbridge Credit Partners, L.P., Centerbridge Credit Partners Master, L.P., Centerbridge Capital Partners II (Cayman), L.P., Centerbridge Capital Partners SBS II (Cayman), L.P. and Centerbridge Special Credit Partners II AIV IV (Cayman), L.P.</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">This Amendment No. 1 is being filed by the Reporting Person as a result of the effectiveness of the merger (the &#8220;Merger&#8221;) contemplated by the Agreement and Plan of Merger by and among Baltic Trading, Genco and Poseidon Merger Sub Limited, a Marshall Islands corporation and an indirect wholly owned subsidiary of Genco (&#8220;Merger Sub&#8221;), dated as of April 7, 2015, as amended from time to time (the &#8220;Merger Agreement&#8221;), pursuant to which, on July 17, 2015, Merger Sub merged with and into Baltic Trading, with Baltic Trading continuing as the surviving corporation and an indirect wholly owned subsidiary of Genco.&#160; As a result of the effectiveness of the Merger, the Voting Agreement terminated in accordance with its terms.</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Pursuant to Rule 13d-4, neither the filing of this Amendment No. 1, the Original Schedule 13D nor any of their respective contents shall be deemed to constitute an admission by Baltic Trading that it is or was the beneficial owner of any Common Stock for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>Item 1. Security and Issuer</u></div>

<div style="TEXT-ALIGN: left"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">This Amendment No. 1 amends and supplements the Schedule 13D filed with the SEC on April 17, 2015 by and on behalf of Baltic Trading with respect to shares of Common Stock.&#160; The principal executive offices of the Issuer are located at 299 Park Avenue, 12th Floor, New York, New York 10171.</div>

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</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>Item 2. Identity and Background</u></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Schedule A</u></font> to this Schedule 13D is hereby amended and restated in its entirety in the form attached hereto, which is incorporated herein by reference.</div>

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</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>Item 4. Purpose of the Transaction</u></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Item 4 is hereby amended to add the following paragraph:</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The Merger was consummated on July 17, 2015.&#160; In connection therewith, the Voting Agreement terminated in accordance with its terms.</div>

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</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>Item 5. Interest in Securities of the Issuer</u></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Item 5 (a) &#8211; (b) is hereby amended to add the following sentence at the end of the first paragraph:</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#160;</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">As a result of the termination of the Voting Agreement, Baltic Trading is no longer deemed for purposes of Rule 13d-3 under the Exchange Act to beneficially own any shares of Common Stock.</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The second paragraph of Item 5 (a) &#8211; (b) is hereby amended and restated in its entirety as follows:</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Peter C. Georgiopoulos, Chairman of the Board of Genco, beneficially owns 3,814,645 shares of Common Stock, representing 5.06% of the total shares of Common Stock outstanding.&#160; John C. Wobensmith, a director and the President and Treasurer of Baltic Trading and the President of Genco, beneficially owns 944,423 shares of Common Stock, representing 1.29% of the total shares of Common Stock outstanding.&#160; Apostolos D. Zafolias, a director and the Chief Financial Officer, Vice President and Secretary of Baltic Trading and the Chief Financial Officer of Genco, beneficially owns 69,670 shares of Common Stock, representing less than 1% of the total shares of Common Stock outstanding.&#160; Joseph Adamo, Chief Accounting Officer of Genco, beneficially owns 23,425 shares of Common Stock, representing less than 1% of the total shares of Common Stock outstanding.&#160; Ian R. Ashby, Eugene I. Davis, James G. Dolphin, and Michael J. Leffell, each of whom are directors of Genco, beneficially own 4,047 shares of Common stock each, representing less than 1% of the total shares of Common Stock outstanding.&#160; Basil G. Mavroleon, a director of Genco and a former director of Baltic Trading, beneficially owns 12,134 shares of Common Stock, representing less than 1% of the total shares of Common Stock outstanding. The percentages set forth in this paragraph are based on a total of approximately 72,887,736 shares of Common Stock outstanding as a result of the Merger.&#160; To the Reporting Person&#8217;s knowledge, no shares of Common Stock are beneficially owned by any of the other persons identified in <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Schedule A</u></font>.&#160; The Reporting Person has no contract, arrangement, or understanding of any kind with any of the foregoing individuals with respect to shares of the Issuer, expressly disclaims any direct or indirect beneficial ownership in any such shares, and further disclaims any &#8220;group&#8221; status with such individuals. Such individuals expressly disclaim any direct or indirect beneficial ownership in the shares of the Issuer that may be deemed to be beneficially owned by the Reporting Person, and further disclaim any &#8220;group&#8221; status with the Reporting Person.</div>

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</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Item 5 (c) is hereby amended and restated in its entirety as follows:</div>

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</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">(c)&#160; The Merger Agreement provided that, at the effective time of the Merger, each outstanding share of Baltic Trading common stock would be cancelled in exchange for the right to receive 0.216 shares of Common Stock.&#160; In accordance with such provision, at the effective time of the Merger the 1,957,871 shares of Baltic Trading common stock held by Mr. Georgiopoulos at such time were exchanged for 422,900 shares of Common Stock, and the 914,968 shares of Baltic Trading common stock held by Mr. Wobensmith at such time were exchanged for 197,633 shares of Common Stock.</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">On July 17, 2015 Mr. Wobensmith sold 1,460 shares of Common Stock at a price of $7.46 per share, on July 20, 2015, Mr. Wobensmith sold 18,393 shares of Common Stock at a price of $7.35 per share, and on July 21, 2015, Mr. Wobensmith sold 23,100 shares of Common Stock at a price of $7.66 per share (the foregoing prices are weighted average prices, as these shares were sold in multiple transactions at prices ranging from $7.30 to $7.60 (inclusive) on July 17, 2015, from $6.85 to $7.74 (inclusive) on July 20, 2015, and from $7.455 to $7.77 (inclusive) on July 21, 2015), in each case under instructions given in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy his tax obligations for restricted shares of common stock of Baltic Trading that vested on July 17, 2015 and were converted into Common Stock in connection with the Merger as set forth above.</div>

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</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">On July 13, 2015, Ian R. Ashby, Eugene I. Davis, James G. Dolphin, and Michael J. Leffell, each of whom are directors of Genco, each received 4,047 restricted stock units representing the right to receive a share of Common Stock, or in the sole discretion of the Company&#8217;s Compensation Committee, the value of a share of Common Stock on the date that the restricted stock unit vests.</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Except as described herein, there have been no transactions in shares of Company common stock by the Reporting Person, or, to the knowledge of the Reporting Person, by any of the persons listed on <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u>Schedule A</u></font> hereto, during the past sixty (60) days.</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Item 5 (e) is hereby amended and restated in its entirety as follows:</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#160;</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 54pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">(e)&#160; Effective as of the consummation of the Merger on July 17, 2015, as a result of the termination of the Voting Agreement at such time, Baltic Trading is no longer deemed for purposes of Rule 13d-3 under the Exchange Act to beneficially own any shares of Common Stock.</div>

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</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>Item 7. Material to Be Filed as Exhibits</u></div>

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</div>

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<tr>
<td style="WIDTH: 63pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">Exhibit 99.1</td>
<td style="TEXT-ALIGN: left; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Agreement and Plan of Merger, dated as of April 7, 2015, by and among Genco Shipping &amp; Trading Limited, Poseidon Merger Sub Limited and Baltic Trading Limited. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Baltic Trading on April 8, 2015)</td>
</tr>
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</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="1dc9e15836b2424a8531979fa3b80d87" class="DSPFListTable" cellspacing="0" cellpadding="0">
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<td style="WIDTH: 63pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">Exhibit 99.2</td>
<td style="TEXT-ALIGN: left; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Voting and Support Agreement, dated as of April 7, 2015, by and among Baltic Trading Limited, Genco Shipping &amp; Trading Limited, and the entities listed on Schedule A thereto. (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Baltic Trading on April 8, 2015)</td>
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<div>&#160;</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNATURE</div>

<div style="TEXT-ALIGN: left"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 27pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>

<div style="TEXT-ALIGN: left"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Dated: July 21, 2015</div>

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<tr>
<td style="VERTICAL-ALIGN: top" colspan="2">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Baltic Trading Limited</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
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<td style="VERTICAL-ALIGN: top" colspan="2">&#160;</td>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">By: </div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 37%; VERTICAL-ALIGN: top">/s/ John C. Wobensmith</td>
<td style="PADDING-BOTTOM: 2px; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="2">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">John C. Wobensmith</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="2">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">President and Treasurer</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="TEXT-ALIGN: left"><br>
 &#160;</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">SCHEDULE A</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">DIRECTORS AND EXECUTIVE OFFICERS OF THE REPORTING PERSON</div>

<div style="TEXT-ALIGN: left"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The following tables set forth the name, business address, present principal occupation or employment, and name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of the Reporting Person, each person controlling the Reporting Person and each executive officer and director of any corporation or other person ultimately in control of the Reporting Person.&#160; The business address for each of the persons listed below as an officer or director of Baltic Trading Limited is c/o Baltic Trading Limited, 299 Park Avenue, 12<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor, New York, New York 10171.&#160; The business address for each of the persons listed below as an officer or director of Genco Shipping &amp; Trading Limited is c/o Genco Shipping &amp; Trading Limited, 299 Park Avenue, 12<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor, New York, New York 10171.</div>

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<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><u style="FONT-WEIGHT: bold">Baltic Trading Limited</u></div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DIRECTORS</div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Present Principal Occupation or</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Employment</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="TEXT-ALIGN: center; WIDTH: 12%; VERTICAL-ALIGN: bottom">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Citizenship</div>
</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top"></td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">John C. Wobensmith</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Director, President and Treasurer, Baltic Trading Limited; President, Genco Shipping &amp; Trading Limited</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">United States</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Apostolos D. Zafolias</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Director, Chief Financial Officer, Vice President and Secretary, Baltic Trading Limited; Chief Financial Officer, Genco Shipping &amp; Trading Limited</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">United States</div>
</td>
</tr>
</table>

<div>&#160;</div>

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<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OFFICERS</div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Present Principal Occupation or</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Employment</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">John C. Wobensmith</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Director, President and Treasurer, Baltic Trading Limited; President, Genco Shipping &amp; Trading Limited</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">United States</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Apostolos D. Zafolias</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Director, Chief Financial Officer, Vice President and Secretary, Baltic Trading Limited; Chief Financial Officer, Genco Shipping &amp; Trading Limited</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">United States</div>
</td>
</tr>
</table>

<div>&#160;</div>

<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="27f523738d124e109e093b4715625dad" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>Genco Shipping &amp; Trading Limited</u></div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DIRECTORS</div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</div>
</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Present Principal Occupation or</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Employment</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="TEXT-ALIGN: center; WIDTH: 12%; VERTICAL-ALIGN: bottom">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Citizenship</div>
</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 65%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: bottom"></td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Peter C. Georgiopoulos</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Chairman of the Board, Genco Shipping &amp; Trading Limited; Chairman of the Board, General Maritime Corporation; Chairman of the Board, Aegean Maritime Petroleum Network, Inc.</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">United States</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Ian Ashby</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Corporate Advisor</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Australia</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Eugene I. Davis</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Chairman and Chief Executive Officer, Pirinate Consulting Group LLC; Chairman of the Board, Capmark Financial Group Inc.</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 3%; VERTICAL-ALIGN: top"></td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 12%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">United States</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">James G. Dolphin</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Senior Managing Director, Centerbridge Partners, L.P. (1)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Senior Managing Director, Centerbridge Partners, L.P. (1)</div>
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<td style="TEXT-ALIGN: left; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Centerbridge Partners, L.P. is affiliated with investment funds that own shares of common stock of the Issuer, which are reported in a separate Schedule 13D filing. Messrs. Manuel and Truong disclaim beneficial ownership of such shares of common stock of the Issuer.</td>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">John C. Wobensmith</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Director, President and Treasurer, Baltic Trading Limited; President, Genco Shipping &amp; Trading Limited.</div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Apostolos Zafolias</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Director, Chief Financial Officer, Vice President and Secretary, Baltic Trading Limited; Chief Financial Officer, Genco Shipping &amp; Trading Limited</div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt">Joseph Adamo</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Chief Accounting Officer, Genco Shipping &amp; Trading Limited</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Genco Investments LLC, a Marshall Islands limited liability company, owns 100% of Baltic Trading Limited&#8217;s common stock, par value $0.01 per share, which represents 100% of the aggregate voting power of Baltic Trading Limited&#8217;s outstanding shares of voting stock.&#160; Genco Investments LLC is a wholly owned subsidiary of Genco Shipping &amp; Trading Limited.</div>

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