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 *

Zafolias Apostolos	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                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Financial Officer	
(Last)          (First)          (Middle)

C/O GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR	3. Date of Earliest Transaction (MM/DD/YYYY)

3/4/2019		
(Street)

NEW YORK, NY 10171
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_ X _ Form filed by One Reporting Person
___ 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  	3/6/2019  	 	M	  	1217  	A	$0  	2812   (1)	D  	 	
Common Stock  	3/6/2019  	 	S	  	608   (2)	D	$8.6492   (3)	2204  	D  	 	

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					
Restricted Stock Units  	  (4) (5)	3/4/2019  	 	A  	  	8939   	  	  (5)	  (5)	Common Stock  	8939   (4)	$0  	8939  	D  	 	
Option  	$8.39  	3/4/2019  	 	A  	  	20270   	  	3/4/2020   (6)	3/4/2025  	Common Stock  	20270  	$0  	20270  	D  	 	
Restricted Stock Units  	  (4) (7)	3/6/2019  	 	M  	  	  	1217   	  (7)	  (7)	Common Stock  	1217   (4)	$0  	2435  	D  	 	
Option  	$13.69  	 	 	   	  	  	  	2/27/2019   (8)	2/27/2024  	Common Stock  	11962  	 	11962  	D  	 	
Warrant  	$259.1  	 	 	   	  	  	  	8/7/2015   (9)	8/7/2020  	Common Stock  	4070  	 	40709  	D  	 	
Warrant  	$287.3  	 	 	   	  	  	  	8/7/2015   (9)	8/7/2020  	Common Stock  	4218  	 	42186  	D  	 	
Warrant  	$341.9  	 	 	   	  	  	  	8/7/2015   (9)	8/7/2020  	Common Stock  	6343  	 	63437  	D  	 	
Warrant  	$209.9  	 	 	   	  	  	  	7/9/2014  	7/9/2021  	Common Stock  	190  	 	1902  	D  	 	

Explanation of Responses:	
(1) 	Includes 1,595 shares of the issuer's common stock which have been adjusted for the issuer's 1-for-10 reverse stock split that occurred on July 7, 2016.	
(2) 	These shares were sold in order to satisfy the reporting person's tax obligations for restricted stock units that settled in shares of the issuer's common stock on March 6, 2019.	
(3) 	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.64 to $8.66 (inclusive) on March 6, 2019. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.	
(4) 	Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.	
(5) 	These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.	
(6) 	These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.	
(7) 	These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.	
(8) 	These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.	
(9) 	These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Zafolias Apostolos
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK, NY 10171			Chief Financial Officer		

Signatures		
/s/ Apostolos Zafolias		3/6/2019	
** 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.	
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