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Exhibit 10.1
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GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE
12TH FLOOR
NEW YORK, NEW YORK 10171
646-443-8550

March 26, 2014

Mr. John Wobensmith
Genco Shipping & Trading Limited
299 Park Avenue, 12th Floor
New York, New York 10171

Dear John:

The purpose of this letter is to confirm our understanding regarding an
amendment to the agreement between you and Genco Shipping & Trading Limited
("Genco" or the "Company") dated September 21, 2007 (the "Agreement").  When
fully executed, this letter shall constitute an amendment to the Agreement.  It
is hereby agreed as follows:

1.            Section 7(a) of the Agreement is hereby amended by deleting the
phrase "Oaktree Capital Management, LLC and its related entities or" from clause
(i) of the definition of Change of Control and the phrase "Oaktree Capital
Management, LLC or" from clause (ii) of such definition.
 
2.            Except as explicitly set forth herein, all terms and conditions
contained in the Agreement shall remain in full force and effect.
 
3.            This letter and the Agreement contains the entire understanding
between the parties on the subjects covered here and supersede all prior
agreements, arrangements and understandings, whether written or oral, regarding
the subjects covered here.  The Agreement may not be changed, or any of its
provisions waived, orally, but only in writing signed by both parties.
 
 
Very truly yours,
 
 
 
 
GENCO SHIPPING & TRADING LIMITED
 
 
 
 
 
 
 
By:
/s/ Robert Gerald Buchanan
 
 
Robert Gerald Buchanan
 
 
President
ACCEPTED AND AGREED TO:
 
 
 
 
 
/s/ John Wobensmith
 
 
John Wobensmith
 
 
 
 
 
Date:  March 26, 2014
 
 

 
 

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