X0306 4 2016-11-16 0 0001326200 GENCO SHIPPING & TRADING LTD GNKSF 0001422713 Centerbridge Credit Partners, L.P. 375 PARK AVENUE 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001484833 Centerbridge Credit Partners General Partner, L.P. 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001584544 Centerbridge Credit Partners Master, L.P. 375 PARK AVENUE 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001484834 Centerbridge Credit Partners Offshore General Partner, L.P. 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001667800 Centerbridge Credit Cayman GP, Ltd. C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001426126 Gallogly Mark T 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001425800 Aronson Jeffrey 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001614619 Centerbridge Capital Partners II (Cayman), L.P. 375 PARK AVE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001614624 Centerbridge Capital Partners SBS II (Cayman), L.P. 375 PARK AVE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 0001614622 Centerbridge Associates II (Cayman), L.P. 375 PARK AVE, 12TH FLOOR NEW YORK NY 10152 0 0 1 0 Series A Convertible Pfd Stock ("Series A Preferred Stock") 4.85 2016-11-16 4 P 0 57350 A Common Stock, par value $0.01 per share ("Common Stock") 57350 932647 I See footnotes Series A Preferred Stock 4.85 2016-11-16 4 P 0 11650 A Common Stock 11650 189258 I See footnotes Series A Preferred Stock 4.85 2016-11-16 4 P 0 127800 A Common Stock 127800 2078493 I See footnotes Series A Preferred Stock 4.85 2016-11-16 4 P 0 70400 A Common Stock 70400 1144768 I See footnotes Series A Preferred Stock 4.85 2016-11-16 4 P 0 231100 A Common Stock 231100 3758248 I See footnotes Series A Preferred Stock 4.85 2016-11-16 4 P 0 1700 A Common Stock 1700 27514 I See footnotes The shares of Series A Preferred Stock shall automatically, without any action by the holder of the Series A Preferred Stock, convert into Common Stock as of the close of business on the date on which Genco Shipping & Trading Limited, a Marshall Islands corporation ("Genco") obtains the approval of its stockholders of the proposals to issue Common Stock upon conversion of the Series A Preferred Stock for purposes of Rule 312 of the NYSE Listed Company Manual. The shares of Series A Preferred were issued to the Centerbridge funds in consideration for their agreement to provide a backstop commitment to the Company. These shares of Series A Preferred Stock are held by Centerbridge Special Credit Partners II AIV IV (Cayman), L.P. ("Special Credit Partners II AIV"). These shares of Series A Preferred Stock are held by Centerbridge Special Credit Partners II, L.P. ("Special Credit Partners II"). These shares of Series A Preferred Stock are held by Centerbridge Credit Partners Master, L.P. ("Credit Partners Master"). These shares of Series A Preferred Stock are held by Centerbridge Credit Partners, L.P. ("Credit Partners"). These shares of Series A Preferred Stock are held by Centerbridge Capital Partners II (Cayman) L.P. ("Capital Partners II"). These shares of Common Stock are held by Centerbridge Capital Partners SBS II (Cayman) L.P. ("Capital Partners SBS II" and, together with Credit Partners, Credit Partners Master, Special Credit Partners II, Special Credit Partners II AIV and Capital Partners II, the "Centerbridge Funds"). Centerbridge Credit Partners General Partner, L.P. ("Onshore GP") is the general partner of Credit Partners, and, as such, it may be deemed to beneficially own the securities held by Credit Partners. Centerbridge Credit Partners Offshore General Partner, L.P. ("Offshore GP") is the general partner of Credit Partners Master, and, as such, it may be deemed to beneficially own the securities held by Credit Partners Master. Centerbridge Credit Cayman GP Ltd. ("Credit GP ") is the general partner of each of Onshore GP and Offshore GP, and, as such, it may be deemed to beneficially own the securities held by Credit Partners and Credit Partners Master. Centerbridge Special Credit Partners General Partner II (Cayman), L.P. ("CSCPGP II Cayman") is the general partner of Special Credit Partners II AIV, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV. Centerbridge Special Credit Partners General Partner II, L.P., ("CSCPGP II") is the general partner of Special Credit Partners II and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II. CSCP II Cayman GP Ltd. ("CSCP II Cayman Ltd.") is the general partner of each of CSCPGP II Cayman, and CSCGP II, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV and Special Credit Partners II. Centerbridge Associates II (Cayman), L.P. ("CA II Cayman") is the general partner of Capital Partners II, and as such, it may be deemed to beneficially own the securities held by Capital Partners II. CCP II Cayman GP Ltd. ("CCP II Cayman Ltd.") is the general partner of each of CA II Cayman and Capital Partners SBS II, and as such, it may be deemed to beneficially own the securities held by Capital Partners II and Capital Partners SBS II. Mark T. Gallogly and Jeffrey H. Aronson, indirectly, through various intermediate entities control each of the Centerbridge Funds, and, as such, Mark T. Gallogly and Jeffrey H. Aronson may be deemed to beneficially own the securities held by the Centerbridge Funds. For purposes of this filing, "Reporting Persons" means, as applicable, Special Credit Partners II AIV, Special Credit Partners II, Credit Partners Master, Credit Partners, Capital Partners II, Capital Partners SBS II, Onshore GP, Offshore GP, Credit GP, CSCPGP II Cayman, CSCPGP II, CSCP II Cayman Ltd., CA II Cayman, CCP II Cayman Ltd., Mr. Aronson and Mr. Gallogly. The filing of this statement by the Reporting Persons shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, such Reporting Persons are the beneficial owners of the securities reported herein and each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Act, except to the extent of such Reporting Person's pecuniary interest therein. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission. Centerbridge Credit Partners, L.P., By: Centerbridge Credit Partners General Partner, L.P., its general partner, By: Centerbridge Credit Cayman GP Ltd., its general partner, By: /s/ Jeffrey H. Aronson, Authorized Signatory 2016-12-05