Company:  BALTIC TRADING LTD (BALT)
Form Type:  10-Q
Filing Date:  11/7/2013 
CIK:  0001474042 
Address:  299 PARK AVENUE, 12TH FLOOR 
City, State, Zip:  NEW YORK, New York 10171 
Telephone:  646-443-8550 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$3.14  
Change: 
-0.34 (-9.77%)  
Trade Time: 
Nov 28  
Market Cap: 
$160.78M
Description of Business
We are a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct a shipping business focused on the drybulk industry spot market. We were formed by Genco Shipping & Trading Limited (NYSE: GNK) (�Genco�), an international drybulk shipping company that also serves as our Manager. Our fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons (�dwt�). The average age of our current fleet is approximately 3.9 years, as compared to the average age for the world fleet of approximately 9 years for the drybulk shipping segments in which we compete. After the expected delivery of four Ultramax newbuildings that we have agreed to acquire, we will own a fleet of 17 drybulk vessels, consisting of four Capesize, four Ultramax, four Supramax and five Handysize vessels with a total carrying capacity of approximately 1,351,000 dwt.
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  FORM 10-Q
    PART I: FINANCIAL INFORMATION
      ITEM 1. FINANCIAL STATEMENTS
        STOCKHOLDERS EQUITY
        CASH FLOW
        Notes to Condensed Consolidated Financial Statements (unaudited)
      15 - LEGAL PROCEEDINGS
      ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
      ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT ...
      ITEM 4. CONTROLS AND PROCEDURES
    PART II: OTHER INFORMATION
      Item 6. EXHIBITS
    SIGNATURES
  EXHIBIT 10.1
  EXHIBIT 10.2
  EXHIBIT 10.3
  EXHIBIT 31.1
    CERTIFICATION
  EXHIBIT 32.1
    CERTIFICATION PURSUANT TO
BROKERAGE PARTNERS