Genco Shipping & Trading Limited (GS&T) is engaged in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The Company’s fleet consists of 32 drybulk carriers. 29 of the 32 vessels in its fleet are on time charter contracts. Three of its vessels operate in vessel pools, such as the Baumarine Panamax Pool and the Bulkhandling Handymax Pool. Most of its vessels are chartered to charterers, which include Lauritzen Bulkers A/S (Lauritzen Bulkers), Cargill International S.A. (Cargill), NYK Bulkship Europe (NYK Europe), Pacific Basin Chartering Ltd. (Pacbasin), STX Panocean (UK) Co. Ltd. (STX), COSCO Bulk Carriers Co., Ltd. (Cosco), and Hyundai Merchant Marine Co. Ltd. (HMMC).