Genco Shipping & Trading Limited Confirms Receipt of Revised Offer from Diana Shipping Inc. in Hellenic Shipping News 18/06/2026 Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, 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. Genco will proceed with the June 18, 2026 Annual Meeting date as scheduled. It was Diana’s decision to announce its revised offer only 24 hours prior to the long scheduled Annual Meeting. Postponing the Annual Meeting would create undue burden on Genco shareholders. We emphasize that the Genco Annual Meeting is not a vote on Diana’s takeover proposal. The vote decides who leads the Company. We believe Genco’s highly qualified directors are best positioned to pursue the interests of all shareholders, including evaluating Diana’s revised proposal. In contrast, Diana’s two remaining handpicked nominees have ties to Diana’s agenda and are not fit to serve on the Genco Board. The deadline to get your vote counted is still tonight at 11:59 PM ET. Vote TODAY on the WHITE proxy card to protect your investment and future upside: “FOR” Genco’s highly qualified directors. “WITHHOLD” on Diana’s handpicked nominees. “FOR” the Genco Board’s recommendations on other proposals, including the shareholder rights plan that is necessary to prevent Diana from taking creeping control of Genco. Source: Genco Shipping & Trading Limited 2026-06-18 hellenicshippingnews... tweet Share