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October 09, 2015 6:19 PM ET


Company Overview of Baltic Trading Limited

Company Overview

Baltic Trading Limited, together with its subsidiaries, engages in the shipping business in the drybulk industry spot market worldwide. The company operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products, and other dry bulk cargoes. As of March 2, 2015, its fleet consisted of four Capesize, two Ultramax, four Supramax, and five Handysize vessels with an aggregate capacity of approximately 1,221,000 deadweight tons. The company charters its vessels to trading houses, including commodities traders, as well as producers and government-owned entities. Baltic Trading Limited was founded in 2009 and is based in New York, New York. As of July 17, 2015, Baltic Trading ...

299 Park Avenue

12th Floor

New York, NY 10171

United States

Founded in 2009

340 Employees



Key Executives for Baltic Trading Limited

President, Treasurer and Director
Age: 45
Chief Financial Officer, Vice President, Secretary and Director
Age: 36
Compensation as of Fiscal Year 2015.

Baltic Trading Limited Key Developments

Baltic Trading Limited Announces Executive Changes

On July 17, 2015, Baltic Trading Limited, Genco Shipping & Trading Limited, and Poseidon Merger Sub Limited completed the merger contemplated by the agreement and plan of merger by and among the company, Genco and Merger Sub. In connection with the consummation of the merger, all of the members of the board of directors of the company and all committees thereof, immediately prior to the effective time of the merger, resigned from such positions. Effective upon the consummation of the merger, John C. Wobensmith and Apostolos D. Zafolias became the sole members of the board. Effective upon the consummation of the merger, Mr. Wobensmith was appointed President and Treasurer of the company, and Mr. Zafolias was appointed Chief Financial Officer, Vice President and Secretary of the company. Apostolos D. Zafolias, 36, has served as Genco's Chief Financial Officer since December 19, 2014. Mr. Zafolias has been employed with Genco since May 2005. Mr. Zafolias has 10 years of experience in the shipping industry with a focus on mergers and acquisitions, commercial bank financing, debt and equity capital markets transactions, and SEC reporting.

Baltic Trading Limited(NYSE:BALT) dropped from Russell 2000 Index

Baltic Trading Limited will be removed from Russell 2000 Index

Baltic Trading Limited(NYSE:BALT) dropped from Russell 3000 Index

Baltic Trading Limited will be removed from Russell 3000 Index.

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