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)

3/8/2022		
(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 	3/8/2022 	 	M	  	11962 	A	$13.365 	26741 	D 	 	
Common Stock 	3/8/2022 	 	F	  	7477 (1)	D	$21.38 	19264 	D 	 	
Common Stock 	3/8/2022 	 	S	  	2178 (2)	D	$21.4661 (3)	17086 	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)	 	 	  	  	  	  	 (5)	 (5)	Common Stock 	17893 (4)	 	17893 	D 	 	
Restricted Stock Units 	 (4)(6)	 	 	  	  	  	  	 (6)	 (6)	Common Stock 	6728 (4)	 	6728 	D 	 	
Option 	$9.91 	 	 	  	  	  	  	2/25/2021 (7)	2/25/2026 	Common Stock 	11547 	 	11547 	D 	 	
Restricted Stock Units 	 (4)(8)	 	 	  	  	  	  	 (8)	 (8)	Common Stock 	4722 (4)	 	4722 	D 	 	
Option 	$7.06 	 	 	  	  	  	  	2/25/2021 (9)	2/25/2026 	Common Stock 	28090 	 	28090 	D 	 	
Option 	$8.065 	 	 	  	  	  	  	3/4/2020 (10)	3/4/2025 	Common Stock 	20270 	 	20270 	D 	 	
Option 	$13.365 	3/8/2022 	 	M 	  	  	11962  	2/27/2019 (11)	2/27/2024 	Common Stock 	11962 	$0 	0 	D 	 	

Explanation of Responses:	
(1) 	Represents shares withheld by the issuer for the cashless exercise of options for 11,962 shares of the issuer's common stock.	
(2) 	These shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on March 8, 2022.	
(3) 	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.46 to $21.525 (inclusive) on March 8, 2022. 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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.	
(6) 	These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.	
(7) 	These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.	
(8) 	These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.	
(9) 	These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.	
(10) 	These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.	
(11) 	These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.	

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		3/10/2022	
**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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