FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

Strategic Value Partners, LLC	2. Issuer Name and Ticker or Trading Symbol

GENCO SHIPPING & TRADING LTD [ GNK ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)	
(Last)          (First)          (Middle)

100 WEST PUTNAM AVENUE, 	3. Date of Earliest Transaction (MM/DD/YYYY)

11/9/2015		
(Street)

GREENWICH, CT 06830
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Stock  	11/9/2015  	 	P	  	222459  	A	$1.80  	3116447  	I  	See Footnotes   (1) (2) (4)	
Common Stock  	11/9/2015  	 	P	  	426241  	A	$1.80  	960400  	I  	See Footnotes   (1) (2) (5)	
Common Stock  	11/9/2015  	 	P	  	451300  	A	$1.80  	3647250  	I  	See Footnotes   (1) (2) (6)	
Common Stock  	11/10/2015  	 	P	  	513268  	A	$1.65  	3995595  	I  	See Footnotes   (1) (2) (3)	
Common Stock  	11/10/2015  	 	P	  	421201  	A	$1.65  	3537648  	I  	See Footnotes   (1) (2) (4)	
Common Stock  	11/10/2015  	 	P	  	45075  	A	$1.65  	1005475  	I  	See Footnotes   (1) (2) (5)	
Common Stock  	11/10/2015  	 	P	  	447711  	A	$1.65  	4094961  	I  	See Footnotes   (1) (2) (6)	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					

Explanation of Responses:	
(  1) 	The reported securities are held directly by Strategic Value Master Fund, Ltd., Strategic Value Special Situations Master Fund II, L.P., Strategic Value Special Situations Master Fund III, L.P. and Strategic Value Special Situations Offshore Fund III-A, L.P., and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations II LLC ("Special Situations II"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations III-A LLC ("Special Situations III-A"), each as investment manager, and Victor Khosla ("Mr. Khosla" and together with Strategic Value Partners, Special Situations II, Special Situations III and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below.	
(  2) 	The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of any of the shares of Common Stock reported herein. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.	
(  3) 	Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd., a Cayman Islands exempted company. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla.	
(  4) 	Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, L.P., a Cayman Islands exempted limited partnership. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla.	
(  5) 	Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Offshore Fund III-A, L.P., a Cayman Islands exempted limited partnership. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla.	
(  6) 	Special Situations II is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund II, L.P., a Cayman Islands exempted limited partnership. Strategic Value Partners is the managing member of Special Situations II. Strategic Value Partners and Special Situations II are both indirectly majority owned and controlled by Mr. Khosla.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Strategic Value Partners, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830		X			
SVP Special Situations II LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830		X			
SVP Special Situations III LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830		X			
SVP Special Situations III-A LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830		X			
Khosla Victor
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830		X			

Signatures		
/s/ James Dougherty, as Fund Chief Financial Officer of Strategic Value Partners, LLC		11/12/2015	
** Signature of Reporting Person		Date
	
/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations II LLC		11/12/2015	
** Signature of Reporting Person		Date
	
/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III LLC		11/12/2015	
** Signature of Reporting Person		Date
	
/s/ James Dougherty, as Fund Chief Financial Officer of SVP Special Situations III-A LLC		11/12/2015	
** Signature of Reporting Person		Date
	
/s/ Victor Khosla		11/12/2015	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.