Genco Shipping & Trading Issues Statement

NEW YORK, March 20, 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: Genco’s Board of Directors is committed to maximizing shareholder value. Diana’s indicative proposal does not meet this standard and is not in the best interests of Genco shareholders. The proposal is well below Genco’s intrinsic value and NAV and fails t ...