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G NEWS RELEASE Genco Shipping & Trading Limited Announces Second Quarter Financial Results 8/4/2021 New Credit Facility for Global Refinancing Marks a Key Milestone Towards Implementation of Genco's Comprehensive Value Strategy Genco Agrees to Acquire Three Modern , Fuel Efficient Ultramax Vessels Reports Highest Quarterly Earnings Per Share Since 2010 NEW YORK , Aug. 04 , 2021 ( GLOBE NEWSWIRE ) -- Genco Shipping & Trading Limited ( NYSE : GNK ) ( " Genco " or the " Company " ) , the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities , today reported its financial results for the three months and six months ended June 30 , 2021 . The following financial review discusses the results for the three months and six months ended June 30 , 2021 and June 30 , 2020 . Second Quarter 2021 and Year - to - Date Highlights • As part of Genco's comprehensive value strategy announced in April 2021 , we have taken the following steps in the year - to - date : • Entered into an agreement for a new $ 450 million credit facility ( the " $ 450 Million Credit Facility " ) to refinance our existing $ 495 Million Credit Facility and $ 133 Million Credit Facility , which provides 1