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Genco Shipping & Trading Limited Announces Second Quarter 2006 Conference Call and Webcast

Genco Shipping & Trading Limited Announces Second Quarter 2006 Conference Call and Webcast

NEW YORK, NY -- (MARKET WIRE) -- 07/20/06 -- Genco Shipping & Trading Limited (NASDAQ: GSTL) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2006 on Thursday, August 3, 2006 at 8:30 a.m. Eastern Daylight Time. The conference call will also be broadcast live over the Internet and include a slide presentation.

  What:   Second Quarter 2006 Conference Call and Webcast

  When:   Thursday, August 3, 2006 at 8:30 a.m. Eastern Daylight Time

  Where:  There are two ways to access the call:

          Dial-in: (800) 946-0786 or (719) 457-2662; Passcode: 3414752

          Please dial in at least 10 minutes prior to 8:30 a.m. Eastern
          Daylight Time to ensure a prompt start to the call.

          For live webcast and slide presentation:
          http://www.gencoshipping.com

If you are unable to participate at this time, a replay of the call will be available until Thursday, August 17, 2006 at (888) 203-1112 or (719) 457-0820. Enter the code 3414752 to access the audio replay.

The webcast will also be archived on the Company's website: http://www.gencoshipping.com.

Please confirm your attendance via e-mail to [email protected] or contact Apostolos Zafolias at (646) 443-8525.

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Following the delivery of two Panamax vessels and one Handymax vessel, which are expected between August 2006 and November 2006, Genco Shipping & Trading Limited will own a fleet of 20 drybulk vessels, consisting of seven Panamax, eight Handymax and five Handysize vessels, with a carrying capacity of approximately 1,029,000 dwt and an average age of nine years.

CONTACT:
John C. Wobensmith
Chief Financial Officer
Genco Shipping & Trading Limited
(646) 443-8555

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