kl01003.htm
UNITED
STATES
SECURITIES
AND EXCHANGE
COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of
the
Securities
Exchange Act of
1934
Date
of Report (Date of earliest event
reported): January 3, 2008
GENCO
SHIPPING & TRADING
LIMITED
(Exact
Name of Registrant as Specified
in Charter)
Republic
of the Marshall
Islands
|
000-28506
|
98-043-9758
|
(State
or Other
Jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
|
299
Park
Avenue
20th
Floor
(Address
of Principal Executive
Offices)
|
|
10171
(Zip
Code)
|
Registrant’s
telephone number, including
area code: (646) 443-8550
Check
the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation
of
the registrant under any of the following provisions (seeGeneral
Instruction A.2.
below):
r
|
Written
communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)
|
r
|
Soliciting
material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
r
|
Pre-commencement
communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
r
|
Pre-commencement
communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
7.01. Regulation
FD
Disclosure.
The
Company disclosed today that
on January
2, 2008,
the Company completed the acquisition
of the Genco Champion, a
2006-built Handysize vessel, which represents the last of six vessels that
the
Company agreed to acquire from affiliates of Evalend Shipping Co. S.A.
The Company had agreed
to
buy the vessel under the terms of an agreement
that the Company entered into with one
such affiliate on
August 10, 2007. The Company paid a
total purchase price of approximately $47 million
for the Genco Champion,
which the Company financed with
borrowings under its $1.4 billion credit facility.
A
copy of the Company’s press release
announcing the delivery of the Genco Champion to the Company is attached hereto
as Exhibit 99.1 and incorporated into this Item 7.01 by
reference.
Item
9.01. Financial
Statements and
Exhibits.
(d) Exhibits
99.1
Press
Release dated January 3,
2008.
SIGNATURE
Pursuant
to the requirements of the
Securities Exchange Act of 1934, Genco Shipping & Trading Limited has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
GENCO
SHIPPING &
TRADING LIMITED
DATE: January
3, 2008
/s/
John C.
Wobensmith
John C. Wobensmith
Chief Financial
Officer
EXHIBIT
INDEX
99.1
Press
Release dated January 3,
2008.