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Diana Shipping Inc. Nominates Six Director Candidates for Election to Genco Shipping & Trading Board
Diana’s Highly Qualified Independent Director Nominees Bring Extensive Experience Across Dry Bulk Shipping, Finance, Mergers & Acquisitions and Corporate Governance Current Genco Board Has Failed to Engage Constructively with Diana — Its Largest Shareholder — and Meaningfully Evaluate Attractive Premium Acquisition Proposal Believes Meaningful Change is Needed to Ensure Board Seriously Evaluates Diana’s Offer and Opportunities to Maximize Shareholder Value ATHENS, Greece, Jan. 16, 2026 (GLOBE NE
About this update from Diana Shipping Inc.
[{"type":"text","content":"Diana’s Highly Qualified Independent Director Nominees Bring Extensive Experience Across Dry Bulk Shipping, Finance, Mergers & Acquisitions and Corporate Governance ","length":168,"tagName":"p"},{"type":"text","content":"Current Genco Board Has Failed to Engage Constructively with Diana — Its Largest Shareholder — and Meaningfully Evaluate Attractive Premium Acquisition Proposal","length":160,"tagName":"p"},{"type":"text","content":"Believes Meaningful Change is Needed to Ensure Board Seriously Evaluates Diana’s Offer and Opportunities to Maximize Shareholder Value ","length":134,"tagName":"p"},{"type":"text","content":"ATHENS, Greece, Jan. 16, 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 owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today announced its intention to nominate a slate of six highly qualified director candidates for election to Genco’s Board of Directors (the “Board”) at its upcoming 2026 Annual Meeting of Shareholders (the “Annual Meeting”).","length":572,"tagName":"p"},{"type":"text","content":"The nominations follow the current Genco Board’s rejection of Diana’s non-binding indicative proposal to acquire all of the issued and outstanding shares of Genco common stock not already owned by Diana for $20.60 per share in cash. Diana’s offer provides all Genco shareholders the opportunity to realize attractive premium value and is supported by a highly confident financing letter from two leading shipping banks. The current Genco Board, however, took more than six weeks to respond to the offer, during which time they failed to engage with Diana in any way regarding the financial or structural elements of the proposal. In light of the current Board’s flat-out refusal to engage, Diana believes that Genco shareholders would benefit from the opportunity to elect directors open to exploring strategic alternatives to maximize value for shareholders, including objective, independent, and good-faith consideration of Diana’s proposal.","length":943,"tagName":"p"},{"type":"text","content":"Diana’s Chief Executive Officer, Semiramis Paliou, commented:","length":61,"tagName":"p"},{"type":"text","conte...