Genco Shipping & Trading Limited Announces Fourth Quarter 2025 Conference Call and Webcast

NEW YORK, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter of 2025 on Wednesday, February 18, 2026 at 8:30 a.m. Eastern Time.

GlobeNewsWire • Jan 20, 2026

Genco Shipping & Trading Responds to Diana Shipping Inc.'s Intent to Nominate Directors to Replace Entire Genco Board

Reiterates Commitment to Enhancing Shareholder Value Reiterates Benefits of Genco Acquiring Diana for Creating Value for Both Company Shareholders No Shareholder Action Required at This Time NEW YORK, Jan. 16, 2026 (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 responded to Diana Shipping Inc. (“Diana”), which disclosed its intent to nominate six director candidates to stand for election to the Genco Board of Directors at the Company's 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”). Genco issued the following statement: Our Board is dedicated to upholding the highest standards for corporate governance to further its fiduciary duties.

GlobeNewsWire • Jan 16, 2026

Exclusive: Diana Shipping plans proxy fight at Genco, ready to nominate 6 directors, sources say

Global shipping company Diana Shipping plans to launch a proxy fight to replace rival Genco Shipping & Trading's six current directors, making its decision just days after the board rejected Diana's takeover offer, two people familiar with the matter said.

Reuters • Jan 16, 2026

Diana Shipping Inc. Nominates Six Director Candidates for Election to Genco Shipping & Trading Board

Diana's Highly Qualified Independent Director Nominees Bring Extensive Experience Across Dry Bulk Shipping, Finance, Mergers & Acquisitions and Corporate Governance  Current Genco Board Has Failed to Engage Constructively with Diana — Its Largest Shareholder — and Meaningfully Evaluate Attractive Premium Acquisition Proposal Believes Meaningful Change is Needed to Ensure Board Seriously Evaluates Diana's Offer and Opportunities to Maximize Shareholder Value ATHENS, Greece, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (“Diana” or the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today announced its intention to nominate a slate of six highly qualified director candidates for election to Genco's Board of Directors (the “Board”) at its upcoming 2026 Annual Meeting of Shareholders (the “Annual Meeting”). The nominations follow the current Genco Board's rejection of Diana's non-binding indicative proposal to acquire all of the issued and outstanding shares of Genco common stock not already owned by Diana for $20.60 per share in cash.

GlobeNewsWire • Jan 16, 2026

Diana Nominates 6 Candidates for Genco's Board, Teeing Up Proxy Fight

The nominations come days after Genco rejected Diana's offer to acquire the company via an all-cash deal. Diana has a roughly 14.8% stake in Genco.

WSJ • Jan 16, 2026

Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.

Board Unanimously Determined Proposal Significantly Undervalues Genco, Has Significant Execution Risk with No Committed Financing and is Not in Best Interest of Shareholders

GlobeNewsWire • Jan 14, 2026

Diana Shipping Says Genco Rejected Acquisition Offer Without Engagement

Diana, which owns a roughly 14.8% stake in Genco, had offered on Nov. 24 to buy the company for $20.60 a share in cash, representing a 15% premium to Genco's closing price on Nov. 21.

WSJ • Jan 13, 2026

Genco Shipping: Diana's Bid Is A Floor, Not A Ceiling

Genco Shipping (GNK) received a $20.60/share cash buyout proposal from Diana Shipping (DSX), validating the bull thesis of asset undervaluation. DSX seeks GNK's strong balance sheet and cash flows to offset its own leverage, but the offer is near or below GNK's NAV and lacks a control premium. GNK's poison pill and robust financials empower the board to demand a higher bid or shop for alternative offers, with fair value estimated at $24–25/share.

Seeking Alpha • Dec 19, 2025

Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.

NEW YORK, Nov. 24, 2025 (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 confirmed that it has received a non-binding indicative proposal from Diana Shipping Inc. (NYSE: DSX) to acquire all of the outstanding shares of Genco not already owned by Diana for $20.60 per share in cash. Diana has disclosed that they currently beneficially own approximately 14.8% of the Company's common stock.

GlobeNewsWire • Nov 24, 2025

Genco Shipping & Trading to Acquire Two High-Specification Newcastlemax Vessels

Further Modernizes Asset Base and Enhances Earnings and Dividend Capacity Further Modernizes Asset Base and Enhances Earnings and Dividend Capacity

GlobeNewsWire • Nov 19, 2025