Genco Shipping & Trading Limited Takes Delivery of Fourth Capesize Vessel

Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Titus, a 177,000 dwt Capesize newbuilding. The Genco Titus is the fourth vessel to be delivered to the Company under Genco’s previously announced agreement on July 18, 2007 to acquire nine Capesize vessels from companies within the Metrostar Management Corporation group.