Genco to hold annual meeting despite Diana Shipping revised bid

Go back to Genco to hold annual meeting despite Diana Shipping revised bid

Genco Shipping & Trading Limited Confirms Receipt of Revised Offer from Diana Shipping Inc.

June 17, 2026 11:00 AM EDT

Gencos Annual Meeting to Convene as Scheduled on June 18, 2026

NEW YORK, June 17, 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 issued the following statement regarding the revised unsolicited, indicative non-binding proposal from Diana Shipping Inc. (Diana):

The Genco Board is committed to maximizing shareholder value and will carefully review the revised proposal from Diana, in consultation with its financial and legal advisors. The... More