Form Type:  8-K
Filing Date:  5/2/2014 
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: 
-0.05 (-2.72%)  
Trade Time: 
Feb 27  
Market Cap: 

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 8-K
      Item 7.01 Regulation FD Disclosure.