kl07001.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): June 28, 2010
GENCO
SHIPPING & TRADING LIMITED
(Exact
Name of Registrant as Specified in Charter)
Republic
of the Marshall Islands
|
001-33393
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98-043-9758
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer
Identification
No.)
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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 (see General
Instruction A.2. below):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01. Entry
into a Material Definitive Agreement.
On June
28, 2010, subsidiaries of Genco Shipping & Trading Limited (“Genco”) entered
into definitive agreements with subsidiaries of Maritime Equity Partners LLC
(“MEP”) to resell three of the 16 drybulk vessels that Genco is to acquire from
Bourbon SA. The vessels will be resold to such MEP subsidiaries
immediately upon their delivery to Genco at Genco’s purchase price of
approximately $105 million. Genco had previously disclosed its plans
to do so in Item 1.01 of its Current Report on Form 8-K filed on June 25, 2010,
which Item 1.01 is incorporated herein by reference. The agreements
are subject to the completion of customary additional documentation and closing
conditions.
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: July
2, 2010
/s/
John C. Wobensmith
John
C. Wobensmith
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Chief
Financial Officer and Secretary
(Principal
Financial and Accounting Officer)
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