Genco Shipping & Trading Limited Files Investor Presentation Highlighting Successful Comprehensive Value Strategy

Highly Qualified and Engaged Board Overseeing Sustainable, Long-Term Value Creation

Urges Shareholders to Vote “FOR” the Re-Election of Genco’s Nominees on the WHITE Proxy Card Today

Advises Shareholders to Vote “WITHHOLD” on George Economou’s Nominee, Robert Pons

NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today posted an investor presentation in connection with its upcoming Annual Meeting at www.VoteForGenco.com.

Highlights on which the presentation elaborates include:

• Genco Is Executing its Clear Strategy Designed to Drive Value Through Volatile Drybulk Cycles
  
  
• Genco Has Made Significant Progress on its Comprehensive Value Strategy, Outperforming the Market and Peers
  
  
• Genco Has a Highly Qualified and Engaged Board Overseeing Sustainable, Long-Term Value Creation
  
  
• Genco Has Industry-Leading Corporate Governance Standards
  
  
• George Economou’s Track Record
  
  
• The Board Has Concluded that Economou’s Suggestions Are NOT in the Best Interest of All Shareholders
  
  
• The Board Believes Pons is NOT Additive to Genco’s Board
  
  

The presentation has also been filed with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Meeting is scheduled for May 23, 2024.

Vote Today

The Genco Board of Directors unanimously recommends that Genco shareholders vote “FOR” the re-election of each of Genco’s seven nominees currently serving on the Genco Board, against Economou's nominee by voting “WITHHOLD,” and “AGAINST” Economou’s shareholder proposal on the WHITE proxy card.

Learn more at www.VoteForGenco.com about how to vote.

If you have any questions or require any assistance with voting your shares, please call or email Genco’s proxy solicitor:

MacKenzie Partners, Inc.
Toll Free: 800-322-2885
Email: [e-mail]

Submit Your Questions for the Shareholder Webcast

Genco encourages shareholders to submit questions that members of its Board and management team will address on May 8, 2024. The webcast will start at 8:30AM ET and can be accessed at www.VoteForGenco.com.

Shareholders can submit questions by emailing [e-mail]. The deadline for submitting questions is May 6, 2024 at 10:00AM ET.

About Genco Shipping & Trading Limited