Genco rejects Diana Shipping tender offer, reviews new proposal

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Genco Shipping & Trading Limited Issues Statement in Response to Expiration of Diana Shipping’s Tender Offer

July 27, 2026 2:25 PM EDT

Genco Will Continue to Engage in Good Faith Discussions with Diana and Act in the Best Interests of Genco Shareholders

Gencos Board Continues to Review Dianas Separate Non-Binding Indicative Proposal

NEW YORK, July 27, 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 expiration of the tender offer of Diana Shipping Inc. (Diana):

Genco is executing its Comprehensive... More