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Further Expands Fleet of Premium Earning Assets, Including 20 Capesize / Newcastlemax Vessels Highly Accretive Capesize/Newcastlemax Acquisitions Have Generated ~30% IRR and Meaningfully Contributed to Dividend Growth New York - August 12, 2026 Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has taken delivery of the Genco Volunteer, a 2019 Imabari built 182,000 dwt scrubber-fitted Capesize vessel. John C. Wobensmith, Chairman and Chief Executive Officer, commented, "We are pleased to take delivery of our latest high-specification Capesize vessel in a strong drybulk market. The vessel will be immediately deployed in the spot market where we expect it to earn a significant premium to benchmark indices. We have taken deliberate steps to expand our fleet of premium-earning assets, enhancing our dividend capacity and positioning Genco to capitalize on a strong drybulk market. Since the fourth quarter of 2023, we have invested over $400 million in seven modern Capesize and Newcastlemax vessels, generating an internal rate of return of approximately 30% to date. With a robust balance sheet, industry low breakeven levels, substantial revolver availability, and a leading commercial operating platform, we maintain flexibility to pursue additional compelling growth opportunities, while continuing to execute our Comprehensive Value Strategy as a low-leverage, high-dividend company." About Genco Shipping & Trading Limited Genco Shipping & Trading Limited is a U.S. based drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, steel products, bauxite, cement, nickel ore among other commodities along worldwide shipping routes. Our wholly owned high quality, modern fleet of dry cargo vessels consists of the larger Newcastlemax and Capesize vessels (major bulk) and the medium-sized Ultramax and Supramax vessels (minor bulk), enabling us to carry a wide range of cargoes. Genco's fleet consists of 43 vessels with an average age of 12.8 years and an aggregate capacity of approximately 4,935,000 dwt. Genco Shipping & Trading Limited press release 
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