Replies to post #149 on Genco Shipping andTrading Limited (fka GNKOQ)

[I-Man]

SEC Filing SC 13G/A 02/10/2014

>5% ownership GNK common stock


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934
(Amendment No. 2)*



GENCO SHIPPING & TRADING LTD
(Name of Issuer)

Common Stock
(Title of Class of Securities)


Y2685T107
(CUSIP Number)



Shares of voting power 2,788,346 **see Note 1**

Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager to certain other commingled group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the “Funds”).

[JCB5]

Hi Thinksmart

I called Genco at their Park Avenue Headquarters in NYC last week. Although not many details were offered, I expressed my dissatisfaction of the price per share. My questions were answered that they were working on debt management or refinancing available. My conclusions are this is a very large shipping company with millions of assets in ships, property, contracts etc.....I assume someone will buy them or help them recapitalize. Unfortunately our global economy controls what is exported and imported. Hopefully after 2/19 we will know more.