Diana Shipping acquires Genco Shipping & Trading

Diana Shipping agreed to acquire Genco Shipping & Trading. Reported deal value: Undisclosed. Status: Proposed. Sector: Shipping. Target headquarters context: New York City, New York, United States.

This page summarizes publicly available information about the transaction as of 2026-03-06. Figures and status may change as filings and press coverage update.

Diana Shipping Inc. , a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited , today announced that it has increased its all-cash offer to acquire all of the issued and outstanding shares of Genco not already owned by Diana to $23.50 per share