(EMAILWIRE.COM, January 30, 2010 ) Dallas, Tx - Genco Shipping & Trading Limited (NYSE:GNK) declined 5.71% to $19.16 on 2.12 million shares. The stock hit an intraday high and an intraday low of $20.59 and $19 respectively. In the last six months the stock went down over 21%. Genco Shipping & Trading Limited is engaged in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The Company’s fleet consists of 32 drybulk carriers.

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K-Sea Transportation Partners L.P. (NYSE:KSP) plunged 6.98% to $9.20 on 1.31 million shares. The stock hit an intraday high and an intraday low of $10.12 and $9.14 respectively. In the last six months the stock went down over 59%. K-Sea Transportation Partners L.P. is a provider of marine transportation, distribution and logistics services for refined petroleum products in the United States.

Horizon Lines, Inc. (NYSE:HRZ) decreased 21.91% to $4.74 on 1.31 million shares after the company announced that its Board of Directors voted at its regularly scheduled meeting on January28, 2010, to declare a quarterly cash dividend of $0.05 per share, payable on March 15, 2010, to stockholders of record on March 1, 2010. The decision to reduce the dividend to $0.05 from $0.11 per share will preserve approximately $7.3 million of cash on an annualized basis.

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