Diana Shipping Inc. has increased its all-cash acquisition offer for Genco Shipping & Trading Limited to $24.80 per share from $23.50, representing a 39% premium to Genco's undisturbed closing price and pricing at approximately 1.0x Genco's net asset value at cyclically high asset values. The tender offer deadline has been extended to June 26, 2026. Diana has also nominated six independent director candidates and urges Genco shareholders to vote for them and tender their shares, while continuing to push for board engagement on a definitive merger agreement.

Diana Shipping, which owns 14.4% of Genco Shipping, is pushing for board changes after the Genco Board refused to engage with its $23.50 per share acquisition offer over five months. Diana has nominated six independent director candidates and launched a tender offer, arguing the offer represents a 31% premium to undisturbed share price and 1.0x NAV, while warning that without the deal, Genco shares could decline to $17.50 as peers trade at 25% discount to NAV.

Diana Shipping Inc. has launched a tender offer to acquire all outstanding shares of Genco Shipping & Trading Limited at $23.50 per share in cash, representing a 31% premium to Genco's undisturbed share price. The offer comes after the Genco Board rejected Diana's proposals over five months without engagement. Diana has secured $1.433 billion in fully committed financing and has nominated six independent director candidates for Genco's board. The tender offer expires on June 2, 2026.

Diana Shipping, which owns 14.8% of Genco Shipping & Trading, has criticized Genco's board for rejecting its $23.50 per share all-cash acquisition offer made in partnership with Star Bulk Carriers. Diana claims the offer is fully financed with $1.433 billion in committed financing and represents a premium valuation. Frustrated by the board's rejection without engagement, Diana announced plans to pursue a proxy fight to elect independent directors who will explore all value-maximizing opportunities.

Diana Shipping increased its all-cash acquisition offer for Genco Shipping to $23.50 per share, a 31% premium over the initial offer of $20.60, which was previously rejected. The deal includes Star Bulk Carriers acquiring 16 Genco vessels for $470.5 million. All three companies' shares declined on the news.

Star Bulk Carriers Corp. announced it has entered into a conditional agreement to acquire 16 vessels from Diana Shipping Inc. for $470.5 million, contingent upon Diana's successful acquisition of Genco Shipping & Trading Ltd. The transaction will increase Star Bulk's fleet to 157 ships with 15.9 million dwt capacity and is expected to generate immediate incremental revenue and cash flow to support dividend growth and deleveraging.

Diana Shipping has increased its all-cash offer to acquire Genco Shipping & Trading to $23.50 per share (31% premium over pre-announcement price), backed by $1.433 billion in fully committed financing from major banks. Star Bulk has agreed to purchase 16 Genco vessels for $470.5 million upon deal completion. Diana, which owns 14.8% of Genco, is calling on the Genco Board to engage in good faith negotiations and has nominated director candidates for Genco's upcoming Annual Meeting.

Frontline plc announces the resignation of Director Ørjan Svanevik and the appointment of Mikkel Storm Weum as a new Director. Weum brings extensive experience in shipping and maritime industries, currently serving as Investment Director at Seatankers Management Norway AS and holding board positions at Flex LNG Ltd and Star Bulk Carriers Corp.

Senior executives from leading dry bulk, gas (LNG/LPG), and tanker shipping companies will present at the 20th Annual Capital Link International Shipping Forum on March 9, 2026, in New York City. The event features panel discussions on shipping market trends, energy transition, global trade, ship finance, and strategic innovation, with participation from 23 major shipping companies and keynote remarks from U.S. Department of Energy and Greek maritime officials.

Star Bulk Carriers published its 2024 ESG Report, highlighting sustainability strategies and progress towards environmental, social, and governance objectives, with the report developed according to global reporting standards.

Capital Link published its Q3 2025 Quarterly Shipping Insights, offering expert perspectives on shipping industry developments, including regulatory updates, decarbonization efforts, fleet growth, and global trade trends.

Senior executives from leading dry bulk shipping companies will participate in panels and presentations at the 19th Annual Capital Link International Shipping Forum in New York City on March 31, 2025.