Baltic Trading Limited, a Marshall Islands company formed by Genco Shipping & Trading Limited, is a shipping company focused on the drybulk industry spot market.

Baltic Trading has used the proceeds of its initial public offering, together with a $75 million capital contribution received from Genco, to acquire its initial fleet of two Capesize newbuildings and four 2009-built Supramaxes as well as for working capital and general corporate purposes. Baltic Trading has also purchased three Handysize vessels as part of the Metrostar acquisition and will use the Company's $100 million credit facility as bridge financing.

The vessels in Baltic Trading's fleet are expected to be delivered by October 2010.