Genco Shipping & Trading Limited logo GNK - Genco Shipping & Trading Limited

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Stock News

Genco Shipping & Trading Limited Announces Second Quarter 2026 Conference Call and Webcast

Genco Shipping & Trading Limited Announces Second Quarter 2026 Conference Call and Webcast

NEW YORK, July 14, 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 second quarter of 2026 on Thursday, August 6, 2026 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2026 on Wednesday, August 5, 2026 after the close of market trading.

Jul 14, 2026 12:15 PM • globenewswire.com
Genco Shipping & Trading Limited Comments on Extension of $24.80 Per Share Tender Offer by Diana Shipping

Genco Shipping & Trading Limited Comments on Extension of $24.80 Per Share Tender Offer by Diana Shipping

Diana Still Has Not Updated Its Tender Offer Materials to Align Terms with Indicative, Non-Binding Proposal NEW YORK, July 13, 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 extension by Diana Shipping Inc. (“Diana”) of its inadequate tender offer to acquire all outstanding common shares of Genco not already owned by Diana for $24.80 per share in cash: Diana has once again extended its inadequate tender offer for $24.80 per share in cash. Our Board of Directors previously reviewed and unanimously rejected this offer, determining that it continued to meaningfully undervalue the Company and its assets, remained well below Genco's net asset value (NAV) and did not include any control premium.

Jul 13, 2026 06:25 AM • globenewswire.com
Genco Shipping & Trading Limited Comments on Diana Shipping Inc.'s Misleading Tender Offer Disclosures

Genco Shipping & Trading Limited Comments on Diana Shipping Inc.'s Misleading Tender Offer Disclosures

Tender Offer is For Only $24.80 Per Share in Cash Cautions Shareholders Not to Tender into $24.80 Per Share Tender Offer NEW YORK, July 08, 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 pending tender offer by Diana Shipping Inc. (“Diana”): We are dismayed by Diana's continued misleading disclosures regarding its tender offer, and we caution Genco shareholders not to tender their shares into Diana's tender offer. To set the record straight, Diana has taken two separate and fully distinct actions: A tender offer for only $24.80 per share in cash.

Jul 08, 2026 07:13 AM • globenewswire.com
Genco Shipping & Trading Limited Responds to Diana Shipping Extending its Inadequate $24.80 Unsolicited Tender Offer

Genco Shipping & Trading Limited Responds to Diana Shipping Extending its Inadequate $24.80 Unsolicited Tender Offer

Diana's $24.80 Tender Offer Continues to Undervalue Genco and its Assets and Fails to Provide a Control Premium NEW YORK, June 29, 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 Diana Shipping Inc.'s (“Diana”) extension of its inadequate tender offer to acquire all outstanding common shares of Genco not already owned by Diana for $24.80 per share in cash: Diana's press release this morning represents yet more gamesmanship and an attempt to confuse Genco shareholders. The press release touts a cash and stock offer, but the tender offer Diana is extending is only for $24.80 per share in cash.

Jun 29, 2026 05:55 AM • globenewswire.com
Genco Shipping: A Hidden Gem Caught Between A Board And An Activist

Genco Shipping: A Hidden Gem Caught Between A Board And An Activist

Genco Shipping presents a rare, asymmetric opportunity as activist Diana Shipping escalates pressure for control following a failed but consequential June 18 board vote. GNK trades at a steep forward EV/EBITDA discount of 6.4x, 47% below sector median, with ultra-low debt providing a robust safety floor for patient investors. Diana lost the June 18 vote but raised its offer to $27.34 per share beforehand and kept pressuring the board afterward, signaling urgency rather than retreat.

Jun 23, 2026 08:33 PM • seekingalpha.com
Genco Shipping & Trading Limited Confirms Receipt of Revised Offer from Diana Shipping Inc.

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

Genco's 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 Board will continue taking the course of action that is in the best interests of Genco and all of its shareholders.

Jun 17, 2026 07:00 AM • globenewswire.com
Genco Shipping & Trading Limited Reminds Shareholders to Vote TODAY

Genco Shipping & Trading Limited Reminds Shareholders to Vote TODAY

The Deadline to Vote is Today at 11:59 PM ET Genco Urges Shareholders to Follow Recommendations of All Three Proxy Advisory Firms — ISS, Glass Lewis and Egan-Jones — to Vote FOR Genco's Highly Qualified Director Nominees Voting Information is Available at www.GencoDrivesSuperiorReturns.com 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 reminds shareholders to protect their Genco investments and get their votes in on the WHITE proxy card ahead of the 11:59 PM ET voting deadline. Genco also issued the following statement: The deadline to get your vote counted is tonight, so this is your last chance to take action and vote before it is too late.

Jun 17, 2026 02:45 AM • globenewswire.com
Genco Shipping & Trading Limited Board of Directors Provides Firm Commitments for Future Treatment of Shareholders Rights Agreement

Genco Shipping & Trading Limited Board of Directors Provides Firm Commitments for Future Treatment of Shareholders Rights Agreement

Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 11, 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 announced that its Board of Directors made the following commitments with respect to Genco's Shareholders Rights Agreement (the “Rights Agreement”), which was entered into in 2025 following the rapid accumulation of Genco's stock by Diana Shipping Inc. (“Diana”): The Board will regularly review the Rights Agreement and consider whether the facts and circumstances at the time merit maintaining or terminating the Rights Agreement. Any extension of the Rights Agreement following shareholder approval will not extend the Rights Agreement for more than 12 months beyond its term, which is a shorter period than the three years proposed by the resolution that is up for vote at the Annual Meeting.

Jun 11, 2026 12:30 PM • globenewswire.com
Genco Shipping & Trading Limited Urges Shareholders to Vote Today

Genco Shipping & Trading Limited Urges Shareholders to Vote Today

Vote for All of Genco's Highly Qualified Directors in Line with Recommendations of Three Proxy Advisory Firms Genco's Board of Directors Is Delivering Superior Returns and Value to Shareholders Through Execution of Genco's Comprehensive Value Strategy Additional Information Available at  www.GencoDrivesSuperiorReturns.com NEW YORK, June 10, 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 mailed a communication to shareholders urging them to vote FOR ALL of Genco's highly qualified directors on the WHITE proxy card and WITHHOLD on both of Diana Shipping Inc.'s (“Diana”) handpicked nominees. Genco issued the following statement: Genco's Annual Meeting is fast approaching, and to protect your investment, we encourage shareholders to vote the WHITE proxy card TODAY.

Jun 10, 2026 08:14 AM • globenewswire.com
Diana Shipping Inc. Focuses Proxy Contest on Election of Jens Ismar and Paul Cornell to Genco Shipping & Trading Board

Diana Shipping Inc. Focuses Proxy Contest on Election of Jens Ismar and Paul Cornell to Genco Shipping & Trading Board

Decision to Withdraw Four Nominees Reflects Diana's Commitment to Providing Shareholders an Opportunity to Affect Meaningful Change on the Genco Board Ismar and Cornell Bring a Fresh Perspective to the Genco Board with Decades of Proven Experience as Seasoned Drybulk Executives and Board Members Calls on Genco Shareholders to Vote the GOLD Universal Proxy Card "FOR" Jens Ismar and Paul Cornell and "WITHHOLD" on Genco Nominees Basil G. Mavroleon and Arthur L.

Jun 08, 2026 05:30 AM • globenewswire.com
Genco Shipping & Trading Limited Shares Video Highlighting Diana Shipping's Attempt to Acquire Genco on the Cheap

Genco Shipping & Trading Limited Shares Video Highlighting Diana Shipping's Attempt to Acquire Genco on the Cheap

Features Key Commentary from Diana and Star Bulk on Their Proposed Transaction and Market Conditions The Video and Information on How to VOTE the WHITE Proxy Card Are Available at  www.GencoDrivesSuperiorReturns.com NEW YORK, June 05, 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 shared a video highlighting key commentary from Diana Shipping Inc. (“Diana”) and Star Bulk related to Diana's inadequate offer to acquire Genco on the cheap and the strength of the drybulk market. Genco issued the following statement: Genco is well positioned to deliver superior returns and value to shareholders in a strengthening drybulk market through the continued execution of its successful Comprehensive Value Strategy.

Jun 05, 2026 10:46 AM • globenewswire.com
Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology

Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology

Diana Has Consistently Offered Approximately 1.0x NAV Based on the Same Broker Valuation Source Genco Itself Used for Five Years Genco Has Now Moved the Goalposts by Adopting a New Methodology It Has Never Previously Used to Further Entrench Itself and Avoid Engagement Genco's Demand for a Control Premium on Top of Inflated NAV Estimates Is Inconsistent With How Publicly Traded Shipping Companies Are Trading and How Comparable Transactions Have Been Priced Diana Calls on Genco to Agree to an Independent Valuation Process, Remove Its Poison Pill and Allow Genco Shareholders to Decide For Themselves Whether to Accept the Offer ATHENS, Greece, June 04, 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 is the largest shareholder of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today addressed Genco's continued use of shifting valuation standards as a pretext for avoiding engagement with Diana's fully financed, all-cash offer of $24.80 per share. Diana has consistently offered to acquire Genco at approximately 1.0x its NAV, calculated based on the same VesselsValue broker valuations Genco itself used for more than five years, including for purposes of calculating the market value of Genco's fleet in its Q4 2025 earnings presentation published in February 2026, which is still available on Genco's website.

Jun 04, 2026 12:00 PM • globenewswire.com
Genco Shipping & Trading Limited Sends Letter to Shareholders Detailing Genco Board of Directors' Strong Position to Continue Generating Superior Value

Genco Shipping & Trading Limited Sends Letter to Shareholders Detailing Genco Board of Directors' Strong Position to Continue Generating Superior Value

Diana's Handpicked Nominees Pose Significant Risks for Genco Shareholders' Investment Genco Board Recommends Shareholders NOT Tender Their Shares In Diana's Offer Vote FOR Genco's Highly Qualified Nominees — Proven Stewards of Your Investment Additional Information Available at  www.GencoDrivesSuperiorReturns.com NEW YORK, June 03, 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 sent a letter to Genco shareholders detailing why Genco's Board of Directors is best positioned to deliver superior returns and create shareholder value. Genco also issued the following statement: Genco's Board of Directors are the architects of the Company's Comprehensive Value Strategy, which has been delivering compelling and growing dividends and superior value to shareholders.

Jun 03, 2026 01:31 PM • globenewswire.com
Genco Shipping & Trading rejects Diana Shipping takeover offer

Genco Shipping & Trading rejects Diana Shipping takeover offer

Genco Shipping and Trading (NYSE:GNK) has told shareholders to reject an unsolicited tender offer from Diana Shipping Inc., with its board concluding that the bid undervalues the drybulk shipping company's assets and business and fails to provide a control premium. The board reiterated its unanimous opposition to the offer on two grounds: that the price does not reflect the underlying value of Genco's fleet and operating platform, and that it carries no premium for control of one of the larger US-listed drybulk owners.

Jun 02, 2026 08:02 AM • proactiveinvestors.com

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