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

Proposal Substantially Undervalues Genco, Fails to Provide an Appropriate Premium and Presents Execution Risks “Fire Sale” of 16 Genco Vessels to a Competitor Highlights Diana’s Undervalued Proposal Board Remains Open to Engaging with Diana on an Offer That Recognizes Genco’s Full Value for All Shareholders NEW YORK, March 19, 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 ...