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GENERAL INFORMATION | 6 Months Ended
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Jun. 30, 2019
GENERAL INFORMATION |
GENERAL INFORMATION | 1 - GENERAL INFORMATION The accompanying condensed consolidated financial statements include the accounts of Genco Shipping & Trading Limited (“GS&T”) and its direct and indirect wholly-owned subsidiaries (collectively, the “Company”). The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. GS&T is incorporated under the laws of the Marshall Islands, and as of June 30, 2019, is the direct or indirect owner of all of the outstanding shares or limited liability company interests of the following subsidiaries: Genco Ship Management LLC; Genco Investments LLC; Genco RE Investments LLC; Genco Shipping Pte. Ltd.; Genco Shipping A/S; Baltic Trading Limited (“Baltic Trading”); and the ship-owning subsidiaries as set forth below under “Other General Information.” On June 19, 2018, the Company closed an equity offering of 7,015,000 shares of common stock at an offering price of $16.50 per share. The Company received net proceeds of $109,648 after deducting underwriters’ discounts and commissions and other expenses. Other General Information Below is the list of the Company’s wholly owned ship-owning subsidiaries as of June 30, 2019:
Wholly Owned Subsidiaries |  | Vessel Acquired |  | Dwt |  | Delivery Date |  | Year Built |
Genco Augustus Limited |  | Genco Augustus |  | 180,151 |  | 8/17/07 |  | 2007 |
Genco Tiberius Limited |  | Genco Tiberius |  | 175,874 |  | 8/28/07 |  | 2007 |
Genco London Limited |  | Genco London |  | 177,833 |  | 9/28/07 |  | 2007 |
Genco Titus Limited |  | Genco Titus |  | 177,729 |  | 11/15/07 |  | 2007 |
Genco Challenger Limited |  | Genco Challenger |  | 28,428 |  | 12/14/07 |  | 2003 |
Genco Charger Limited |  | Genco Charger |  | 28,398 |  | 12/14/07 |  | 2005 |
Genco Warrior Limited |  | Genco Warrior |  | 55,435 |  | 12/17/07 |  | 2005 |
Genco Predator Limited |  | Genco Predator |  | 55,407 |  | 12/20/07 |  | 2005 |
Genco Hunter Limited |  | Genco Hunter |  | 58,729 |  | 12/20/07 |  | 2007 |
Genco Champion Limited |  | Genco Champion |  | 28,445 |  | 1/2/08 |  | 2006 |
Genco Constantine Limited |  | Genco Constantine |  | 180,183 |  | 2/21/08 |  | 2008 |
Genco Raptor LLC |  | Genco Raptor |  | 76,499 |  | 6/23/08 |  | 2007 |
Genco Thunder LLC |  | Genco Thunder |  | 76,588 |  | 9/25/08 |  | 2007 |
Genco Hadrian Limited |  | Genco Hadrian |  | 169,025 |  | 12/29/08 |  | 2008 |
Genco Commodus Limited |  | Genco Commodus |  | 169,098 |  | 7/22/09 |  | 2009 |
Genco Maximus Limited |  | Genco Maximus |  | 169,025 |  | 9/18/09 |  | 2009 |
Genco Claudius Limited |  | Genco Claudius |  | 169,001 |  | 12/30/09 |  | 2010 |
Genco Bay Limited |  | Genco Bay |  | 34,296 |  | 8/24/10 |  | 2010 |
Genco Ocean Limited |  | Genco Ocean |  | 34,409 |  | 7/26/10 |  | 2010 |
Genco Avra Limited |  | Genco Avra |  | 34,391 |  | 5/12/11 |  | 2011 |
Genco Mare Limited |  | Genco Mare |  | 34,428 |  | 7/20/11 |  | 2011 |
Genco Spirit Limited |  | Genco Spirit |  | 34,432 |  | 11/10/11 |  | 2011 |
Genco Aquitaine Limited |  | Genco Aquitaine |  | 57,981 |  | 8/18/10 |  | 2009 |
Genco Ardennes Limited |  | Genco Ardennes |  | 58,018 |  | 8/31/10 |  | 2009 |
Genco Auvergne Limited |  | Genco Auvergne |  | 58,020 |  | 8/16/10 |  | 2009 |
Genco Bourgogne Limited |  | Genco Bourgogne |  | 58,018 |  | 8/24/10 |  | 2010 |
Genco Brittany Limited |  | Genco Brittany |  | 58,018 |  | 9/23/10 |  | 2010 |
Genco Languedoc Limited |  | Genco Languedoc |  | 58,018 |  | 9/29/10 |  | 2010 |
Genco Loire Limited |  | Genco Loire |  | 53,430 |  | 8/4/10 |  | 2009 |
Genco Lorraine Limited |  | Genco Lorraine |  | 53,417 |  | 7/29/10 |  | 2009 |
Genco Normandy Limited |  | Genco Normandy |  | 53,596 |  | 8/10/10 |  | 2007 |
Genco Picardy Limited |  | Genco Picardy |  | 55,257 |  | 8/16/10 |  | 2005 |
Genco Provence Limited |  | Genco Provence |  | 55,317 |  | 8/23/10 |  | 2004 |
Genco Pyrenees Limited |  | Genco Pyrenees |  | 58,018 |  | 8/10/10 |  | 2010 |
Genco Rhone Limited |  | Genco Rhone |  | 58,018 |  | 3/29/11 |  | 2011 |
Genco Weatherly Limited |  | Genco Weatherly |  | 61,556 |  | 7/26/18 |  | 2014 |
Genco Columbia Limited |  | Genco Columbia |  | 60,294 |  | 9/10/18 |  | 2016 |
Genco Endeavour Limited |  | Genco Endeavour |  | 181,060 |  | 8/15/18 |  | 2015 |
Genco Resolute Limited |  | Genco Resolute |  | 181,060 |  | 8/14/18 |  | 2015 |
Genco Defender Limited |  | Genco Defender |  | 180,021 |  | 9/6/18 |  | 2016 |
Genco Liberty Limited |  | Genco Liberty |  | 180,032 |  | 9/11/18 |  | 2016 |
Baltic Lion Limited |  | Baltic Lion |  | 179,185 |  | 4/8/15 | (1) | 2012 |
Baltic Tiger Limited |  | Genco Tiger |  | 179,185 |  | 4/8/15 | (1) | 2011 |
Baltic Leopard Limited |  | Baltic Leopard |  | 53,446 |  | 4/8/10 | (2) | 2009 |
Baltic Panther Limited |  | Baltic Panther |  | 53,350 |  | 4/29/10 | (2) | 2009 |
Baltic Cougar Limited |  | Baltic Cougar |  | 53,432 |  | 5/28/10 | (2) | 2009 |
Baltic Jaguar Limited |  | Baltic Jaguar |  | 53,473 |  | 5/14/10 | (2) | 2009 |
Baltic Bear Limited |  | Baltic Bear |  | 177,717 |  | 5/14/10 | (2) | 2010 |
Baltic Wolf Limited |  | Baltic Wolf |  | 177,752 |  | 10/14/10 | (2) | 2010 |
Baltic Wind Limited |  | Baltic Wind |  | 34,408 |  | 8/4/10 | (2) | 2009 |
Baltic Cove Limited |  | Baltic Cove |  | 34,403 |  | 8/23/10 | (2) | 2010 |
Baltic Breeze Limited |  | Baltic Breeze |  | 34,386 |  | 10/12/10 | (2) | 2010 |
Baltic Fox Limited |  | Baltic Fox |  | 31,883 |  | 9/6/13 | (2) | 2010 |
Baltic Hare Limited |  | Baltic Hare |  | 31,887 |  | 9/5/13 | (2) | 2009 |
Baltic Hornet Limited |  | Baltic Hornet |  | 63,574 |  | 10/29/14 | (2) | 2014 |
Baltic Wasp Limited |  | Baltic Wasp |  | 63,389 |  | 1/2/15 | (2) | 2015 |
Baltic Scorpion Limited |  | Baltic Scorpion |  | 63,462 |  | 8/6/15 |  | 2015 |
Baltic Mantis Limited |  | Baltic Mantis |  | 63,470 |  | 10/9/15 |  | 2015 |
| (1) |  | The delivery date for these vessels represents the date that the vessel was purchased from Baltic Trading.
| (2) |  | The delivery date for these vessels represents the date that the vessel was delivered to Baltic Trading.

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