<SEC-DOCUMENT>0001140361-23-044970.txt : 20231026
<SEC-HEADER>0001140361-23-044970.hdr.sgml : 20231026
<ACCEPTANCE-DATETIME>20230922170043
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001140361-23-044970
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230922

FILER:

	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
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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        <div style="text-align: center;"><img width="132" height="96" src="image0.jpg"></div>
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        <div style="text-align: center; font-variant: small-caps; font-family: Arial;">GENCO SHIPPING &amp; TRADING LIMITED</div>
        <font style="font-family: Arial;"> </font>
        <div style="text-align: center; font-family: Arial; font-size: 8pt;">299 PARK AVENUE</div>
        <font style="font-size: 8pt;"> <font style="font-family: Arial;"> </font> </font>
        <div style="text-align: center; font-family: Arial; font-size: 8pt;">12TH FLOOR</div>
        <font style="font-size: 8pt;"> <font style="font-family: Arial;"> </font> </font>
        <div style="text-align: center; font-family: Arial; font-size: 8pt;">NEW YORK, NEW YORK 10171</div>
        <font style="font-size: 8pt;"> <font style="font-family: Arial;"> </font> </font>
        <div style="text-align: center; font-family: Arial; font-size: 8pt;">646-443-8550</div>
        <div><br>
        </div>
        <div>September 22, 2023</div>
        <div>&#160;</div>
        <div style="font-weight: bold;"><u>VIA EDGAR AND U.S. MAIL</u></div>
        <div>&#160;</div>
        <div>Charlie Guidry, Esq.</div>
        <div>Division of Corporation Finance</div>
        <div>U.S. Securities and Exchange Commission</div>
        <div>100 F Street, NE</div>
        <div>Washington, D.C. 20549-3561</div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb4cb5d10174f4fe9bcb1c7714ae3274a">

            <tr>
              <td style="width: 36pt;"><br>
              </td>
              <td style="width: 36pt; vertical-align: top;">Re:</td>
              <td style="width: auto; vertical-align: top;">
                <div>Genco Shipping &amp; Trading Limited</div>
              </td>
            </tr>

        </table>
        <div style="margin-left: 72pt;">Definitive Proxy Statement on Schedule 14A</div>
        <div style="margin-left: 72pt;">Filed April 16, 2023</div>
        <div style="margin-right: 284.4pt; margin-left: 72pt;"><u>File No. 001-33393</u></div>
        <div>&#160;</div>
        <div>Ladies and Gentlemen:</div>
        <div>&#160;</div>
        <div>Reference is made to a letter dated September 14, 2023 (the &#8220;Comment Letter&#8221;) to Mr. John Wobensmith, the Chief Executive Officer of Genco Shipping &amp; Trading Limited (the &#8220;Company&#8221;), setting forth the comments of the staff (the &#8220;Staff&#8221;) of
          the Securities and Exchange Commission (the &#8220;Commission&#8221;), to the definitive proxy statement filed by the Company on April 6, 2023 (the &#8220;Proxy Statement&#8221;).</div>
        <div>&#160;</div>
        <div>This letter sets forth the Company&#8217;s responses to the Staff&#8217;s comments. For your convenience, the Staff&#8217;s comments have been restated below in their entirety, with the response to each comment set forth immediately below the comment. The
          heading and numbered paragraphs in this letter correspond to the heading and numbered paragraphs of the Comment Letter.</div>
        <div>&#160;</div>
        <div>Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Proxy Statement.</div>
        <div style="color: rgb(0, 0, 0);"><u> <br>
          </u></div>
        <div style="color: rgb(0, 0, 0);"><u>Definitive Proxy Statement on Schedule 14A filed April 6, 2023</u></div>
        <div>&#160;</div>
        <div><u>Pay versus Performance, page 28</u></div>
        <div><br>
        </div>
        <div style="font-style: italic; font-weight: bold;">1. <font style="font-weight: bold; font-style: italic;">Please ensure that you identify each named executive officer included in the calculation of</font> </div>
        <div style="font-style: italic; font-weight: bold;"><font style="font-weight: bold; font-style: italic;"> <br>
          </font></div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="font-style: italic; font-weight: bold;">average non-PEO named executive officer compensation and the fiscal years in which such persons are included. You may provide this information in a footnote to the pay versus&#160; performance table.
          See Regulation S-K Item 402(v)(3). This information may not be provided by cross-reference to other sections of the proxy statement. </div>
        <br>
        <div>In its future disclosure pursuant to Regulation S-K Item 402(v), the Company will so identify its named executive officers.</div>
        <div><br>
        </div>
        <div style="font-style: italic; font-weight: bold;">2. <font style="font-weight: bold; font-style: italic;">Please ensure that you revise your pay versus performance table to adjust the format of</font> the heading "Value of Initial Fixed $ 100
          Investment Based on:" to apply only to columns (f) and (g).</div>
        <div><br>
        </div>
        <div>In its future disclosure pursuant to Regulation S-K Item 402(v), the Company will so present the pay versus performance table.</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">3. <font style="font-weight: bold; font-style: italic;">At the bottom of page 29 and top of page 30 you include identical graphs for disclosure</font> that appears to be
          intended to reflect different relationships. Please ensure that the graphs reflect the intended information.</div>
        <div>&#160;</div>
        <div>In its future disclosure pursuant to Regulation S-K Item 402(v), the Company will so present the appropriate graphs.</div>
        <div><br>
        </div>
        <div style="text-indent: 36pt;">Thank you for your attention to our filings with the Commission.&#160; Please feel free to contact the undersigned at (646) 443-8550 for any additional information.</div>
        <div><br>
        </div>
        <div>Sincerely,</div>
        <div>&#160;</div>
        <div>/s/ John C. Wobensmith</div>
        <div><br>
        </div>
        <div>John C. Wobensmith</div>
        <div>Chief Executive Officer and President</div>
        <div> <br>
        </div>
        <div> <br>
        </div>
        <div style="text-align: center;">&#160;<font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
        <div>
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