Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 11, 2021, investment funds managed by affiliates of Apollo Global
Management, Inc. ("Apollo") reported the sale of a substantial portion of their
holdings of the common stock of Genco Shipping & Trading Limited (the
"Company"). In light of this, Jason Scheir, a director of the Company
affiliated with Apollo, informed the Company on March 12, 2021 that he does not
intend to seek re-election to the Company's Board of Directors at the Company's
2021 Annual Meeting of Shareholders.
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