kl08012.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): August 7, 2008
GENCO
SHIPPING & TRADING LIMITED
(Exact
Name of Registrant as Specified in Charter)
|
Republic
of the Marshall Islands
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000-28506
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98-043-9758
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|
(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)
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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):
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r
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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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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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
7.01 Regulation FD Disclosure
The
Company today announced that the Genco Hunter, a 2007-built Supramax vessel,
collided with another vessel while transiting the Singapore
Straits. No injuries and no pollution from either vessel have been
reported, and the Genco Hunter has been safely
anchored. An investigation into the cause of the incident by the
Maritime and Port Authority of Singapore has commenced with Genco’s full
cooperation.
The
Company anticipates the Genco Hunter to remain offhire for approximately 14 days
and expects to be reimbursed under hull and machinery insurance claims related
to this vessel for repair costs.
The Genco
Hunter is currently on a time charter with Pacific Basin Chartering Ltd. at a
daily rate of $62,000, less a 5% third party commission.
"Safe Harbor"
Statement Under the Private Securities Litigation Reform Act of
1995
This
report contains forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These
forward looking statements are based on management’s current expectations and
observations. Included among the important factors that, in our view, could
cause actual results to differ materially from the forward looking statements
contained in this report are the results of the investigation described above,
the possible cause of and liability for the incident described above, the actual
number of offhire days required to repair the Genco Hunter, the scope of
insurance coverage available to Genco relating to the incident described above,
and other factors listed from time to time in our public filings with the
Securities and Exchange Commission including, without limitation, our Annual
Report on Form 10-K for the year ended December 31, 2005 and subsequent reports
on Form 10-Q and Form 8-K.
The
information set forth under “Item 7.01 Regulation FD Disclosure” shall not be
deemed “filed” for purposes of Section 18 of the Securities Act of 1934, as
amended, nor shall such information be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such filing.
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: August
7, 2008
/s/ John C.
Wobensmith
John C. Wobensmith
Chief Financial Officer, Secretary and
Treasurer
(Principal
Financial and Accounting Officer)