Diana Shipping: Νέα ναύλωση του Ultramax DSI Pegasus
Νέα χρονοναύλωση για το m/v DSI Pegasus, ένα Ultramax dry bulk vessel χωρητικότητας 60.508 dwt, κατασκευής 2015, ανακοίνωσε η Diana Shipping Inc., συμφερόντων Σεμίραμις Παληού.
Η συμφωνία υπεγράφη, μέσω ξεχωριστής θυγατρικής, με τη Fednav International Ltd., με ημερήσιο ναύλο 18.350 δολάρια, μείον προμήθεια 5% προς τρίτους. Η διάρκεια της ναύλωσης εκτείνεται έως τις 15 Αυγούστου 2027 κατ’ ελάχιστο και έως τις 15 Οκτωβρίου 2027 κατά μέγιστο, ενώ η έναρξη αναμένεται στις 27 Ιουλίου 2026.
Το πλοίο είναι σήμερα ναυλωμένο στην Cargill Ocean Transportation με 14.250 δολάρια ημερησίως. Η νέα απασχόληση αναμένεται να αποφέρει περίπου 6,95 εκατ. δολάρια σε ακαθάριστα έσοδα.
Ο στόλος της Diana αριθμεί 36 bulkers, συνολικής χωρητικότητας 4,1 εκατ. dwt.
Diana Shipping Inc. Announces Extension of Financing to Support Acquisition of All Outstanding Shares of Genco Shipping & Trading
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”), announced an extension of the fully committed financing supporting Diana’s offer to acquire the outstanding shares of Genco not already owned by Diana. The extension is a further demonstration of Diana’s commitment to completing a transaction and of its banking partners’ confidence in the strength and credibility of Diana’s proposal.
The fully committed financing — in the amount of $1.412 billion — is arranged by DNB Carnegie and Nordea, with participation from leading international banks, including DNB, Nordea, BNP Paribas, Standard Chartered, Deutsche Bank and Danske Bank. The total financing amount reflects an adjustment to Tranche B of the commitment from $331 million to $310 million, following Genco’s sale of two vessels — the Picardy and the Predator. Tranche A remains unchanged at $1.102 billion.
Diana’s recently increased offer to acquire the outstanding shares of Genco not already owned by Diana for $27.34 per share — comprised of $24.80 per share in cash plus one Diana share valued at $2.54 based on Diana’s 30-day volume-weighted average price as of June 16, 2026 — remains on the table. It represents a 53% premium to Genco’s undisturbed share price and a 6% premium to Genco’s net asset value per share based on VesselsValue data, at cyclically high drybulk asset values that are at or near 15-year highs.
The Diana management team remains eager and available to meet immediately with the Genco Board of Directors and its advisors to negotiate a transaction in good faith.
Semiramis Paliou, Diana’s Chief Executive Officer, commented:
“We are grateful to our banking partners for their continued confidence in and support of Diana’s premium offer to acquire the Genco shares that we do not currently own. Their commitment, alongside the growing support of shareholders who have tendered their shares, sends a clear message that there is a serious, credible, and well-supported offer on the table. We encourage additional shareholders to participate in the tender offer, which will further demonstrate to the Genco Board that they should engage with us as soon as possible to maximize value for all Genco shareholders.”
Diana Shipping Inc. Reaffirms Offer to Acquire Genco Shipping & Trading
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”), has reaffirmed its commitment to its offer to acquire Genco. On June 17, 2026, Diana increased its offer to acquire all outstanding shares of Genco not already owned by Diana to a total implied value of $27.34 per share, comprised of $24.80 per share in cash plus one Diana share valued at $2.54 based on Diana’s volume-weighted average price per share for the 30 days ended on June 16, 2026 (the “Revised Offer”).
The Revised Offer represents a 53% premium to Genco’s undisturbed share price and a 6% premium to Genco’s net asset value per share based on VesselsValue data, at cyclically high drybulk asset values that are at or near 15-year highs.
Now that the Genco Board has been reelected, it bears a clear and heightened responsibility to deliver to all shareholders the significant value and dividends that it promised during the recent proxy campaign.
Semiramis Paliou, Diana’s Chief Executive Officer, commented:
“Today’s outcome does not — and will not — in any way diminish our commitment to acquiring Genco and delivering attractive value to all shareholders. We have spent more than six months making the case that our offer represents compelling and certain value for Genco shareholders, but the Genco Board has rejected our offer three times without meaningful engagement, a counterproposal, or a credible alternative path to value creation.
“As Genco’s largest shareholder, Diana will continue to seek to maximize value on behalf of all shareholders. We are grateful to Genco shareholders for engaging in thoughtful discourse with us over the past several months, and we encourage all shareholders to join us in continuing to hold the Board and management team accountable. Our door remains open, and we are eager and available to engage with respect to the attractive offer we have proposed.”
Genco Shipping & Trading Board of Directors to Review Revised, Unsolicited Tender Offer from Diana Shipping
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 confirmed that Diana Shipping, Inc. (NYSE: DSX) has announced a revised tender offer to acquire all outstanding common shares of Genco not already owned by Diana at a price of $24.80 per share in cash.
Genco’s Board of Directors, in consultation with its financial and legal advisors, will carefully review and evaluate the revised tender offer to determine the course of action that it believes is in the best interests of the Company and all shareholders, consistent with the Board’s fiduciary duties.
As previously disclosed, the Genco Board has reviewed and unanimously rejected prior proposals from Diana, including proposals at $20.60 and $23.50 per share and a prior tender offer at the same $23.50 per-share price.
The revised tender offer is under consideration by Genco’s Board. Genco will issue its formal recommendations to shareholders regarding Diana’s revised tender offer by filing with the U.S. Securities and Exchange Commission an amended recommendation statement on Schedule 14D-9.
With respect to Diana’s tender offer, Genco shareholders do not need to take any action at this time. Genco’s Board recommends that shareholders vote the WHITE proxy card “FOR” Genco’s nominees, “WITHHOLD” on Diana’s nominees and “AGAINST” their shareholder proposals.
Jefferies LLC is acting as financial advisor to Genco and Herbert Smith Freehills Kramer (US) LLP and Sidley Austin LLP are serving as legal counsel to Genco. Morgan Stanley & Co. LLC is acting as special advisor to the Board of Directors.
Diana Shipping: Νέες ναυλώσεις για τα m/v «New York» και «DSI Pyxis»
Σε δύο νέες χρονοναυλώσεις για τα bulk carriers «New York« και «DSI Pyxis» προχώρησε η Diana Shipping, συμφερόντων Σεμίραμις Παληού, ενισχύοντας την ορατότητα των εσόδων της σε μια περίοδο βελτιωμένων συνθηκών στην αγορά ξηρού φορτίου. Πρόκειται για τα m/v «New York» και «DSI Pyxis».
Το Capesize «New York» (177.773 dwt, κατασκευής 2010) ναυλώθηκε στη Refined Success Limited με ημερήσιο ναύλο 27.500 δολάρια, από 17.600 δολάρια προηγουμένως, για περίοδο έως τον Φεβρουάριο ή Μάρτιο του 2028.
Το Ultramax «DSI Pyxis» (60.362 dwt, κατασκευής 2018) ναυλώθηκε στην Oldendorff με 16.000 δολάρια ημερησίως, από 13.100 δολάρια, έως τον Ιούνιο ή Αύγουστο του 2027.
Οι δύο νέες απασχολήσεις αναμένεται να αποφέρουν περίπου 23,76 εκατ. δολάρια ακαθάριστα έσοδα στην ελάχιστη διάρκεια των συμβολαίων.
Ο στόλος της Diana αριθμεί σήμερα 36 bulk carriers.
Diana Shipping Inc. Announces Time Charter Contracts for m/v New York with Refined Success and m/v DSI Pyxis with Oldendorff
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Refined Success Limited, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$27,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 1, 2028 up to maximum March 31, 2028. The charter is expected to commence on May 1, 2026. The m/v New York is currently chartered, as previously announced, at a gross charter rate of US$17,600 per day, minus a 5.00% commission paid to third parties.
The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff GmbH & Co. KG, for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$16,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum June 15, 2027 up to maximum August 15, 2027. The charter is expected to commence on May 3, 2026. The m/v DSI Pyxis is currently chartered, as previously announced, at a gross charter rate of US$13,100 per day, minus a 5.00% commission paid to third parties.
The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.
The employments of “New York” and “DSI Pyxis” are anticipated to generate approximately US$23.76 million of gross revenue for the minimum scheduled period of the time charters.
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.43 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.
Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia with SwissMarine
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$16,200 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on March 11, 2026. The m/v Crystalia is currently chartered, as previously announced, to Louis Dreyfus Company Freight Asia Pte. Ltd., at a gross charter rate of US$13,900 per day, minus a 5.00% commission paid to third parties.
The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.
The employment of “Crystalia” is anticipated to generate a total of approximately US$5.78 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.28 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.
Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite
Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$13,000 per day for the first thirty (30) days of the charter period and US$16,500 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum March 1, 2027 up to maximum April 30, 2027. The new charter period is expected to commence on February 8, 2026. The m/v Amphitrite is currently chartered, as previously announced, at a gross charter rate of US$12,100 per day, minus a 5.00% commission paid to third parties.
The “Amphitrite” is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.
The employment extension of “Amphitrite” is anticipated to generate approximately US$6.15 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.19 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.
Diana Shipping: Επέκταση χρονοναύλωσης του m/v «Amphitrite»
Την επέκταση της σύμβασης χρονοναύλωσης για το Post-Panamax bulk carrier m/v «Amphitrite» ανακοίνωσε μέσω θυγατρικής της η Diana Shipping Inc., συμφερόντων Σεμιράμιδος Παληού.Η νέα ναύλωση με την Cobelfret S.A., που έχει έδρα το Λουξεμβούργο, προβλέπει ημερήσιο ναύλο 13.000 δολ. για τις πρώτες 30 ημέρες και 16.500 δολ. για το υπόλοιπο διάστημα, μείον προμήθεια 5%, με διάρκεια από 1 Μαρτίου έως 30 Απριλίου 2027. Η έναρξη της νέας περιόδου τοποθετείται στις 8 Φεβρουαρίου 2026.
Το πλοίο, χωρητικότητας 98.697 dwt και κατασκευής 2012, αναμένεται να αποφέρει ακαθάριστα έσοδα περίπου 6,15 εκατομμυρίων δολαρίων για την ελάχιστη περίοδο.
Ο στόλος της Diana Shipping αριθμεί σήμερα 36 πλοία, ενώ η εταιρεία έχει σε παραγγελία δύο ακόμη νεότευκτα πλοία Kamsarmax διπλού καυσίμου μεθανόλης.
Genco Shipping & Trading Responds to Diana Shipping Inc.’s Intent to Nominate Directors to Replace Entire Genco Board
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 responded to Diana Shipping Inc. (“Diana”), which disclosed its intent to nominate six director candidates to stand for election to the Genco Board of Directors at the Company’s 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”).
Genco issued the following statement:
Our Board is dedicated to upholding the highest standards for corporate governance to further its fiduciary duties.
In that light, the Board takes its composition seriously and has a rigorous process to review and consider director candidates that it applies to every candidate. That process has resulted in a Board with six highly qualified individuals, five of whom are independent and all of whom possess valuable skills and experience in shipping and other areas relevant to advancing Genco’s strategy and creating shareholder value.
Our Board and leadership team are executing a comprehensive value strategy that is delivering strong operating and financial results and positioning Genco to create significant shareholder value throughout the cycles. Moreover, Genco has also earned top quartile rankings in an industry-wide corporate governance research report for many years.
Today, Diana has disclosed its intention to nominate six director candidates to replace our entire Board in furtherance of an indicative, unsolicited proposal to acquire all outstanding shares of Genco that it did not already own for $20.60 per share.
As previously disclosed, our Board thoroughly reviewed the proposal with the assistance of external advisors and determined the proposal significantly undervalued Genco, was not in the best interest of our shareholders and had considerable execution risks. Our Board therefore determined that further engagement on the proposal was not warranted.
However, as part of its review, our Board determined that an acquisition of Diana by Genco would create value for both Diana and Genco shareholders. As we announced, our Board therefore authorized our management team to engage with Diana on an alternative structure in which Genco would acquire Diana using cash and Genco’s superior equity currency as consideration. Instead of working constructively toward a path forward that would create significant value for its shareholders, Diana refused to engage, has doubled down on its previously rejected indicative proposal and disclosed its intention to nominate directors to replace our entire Board.
Notwithstanding that Diana’s apparent sole objective is to acquire Genco at a significant discount to its NAV and without an appropriate premium in exchange for control of Genco, our Board will remain true to its high standards for governance and its fiduciary duties. As such, the Nominating and Corporate Governance Committee of our Board will review the proposed nominees in accordance with the Company’s standard process and guidelines.
Our Board and leadership are committed to optimizing the value Genco creates for shareholders and taking actions that are in the best interest of Genco shareholders.
The Board will make its formal recommendation with respect to Diana’s nominees in the Company’s proxy statement, which will be filed with the Securities and Exchange Commission (the “SEC”) and mailed to shareholders eligible to vote at the 2026 Annual Meeting of Shareholders, which has not yet been scheduled.
Genco Shareholders are not required to take any action at this time.
Jefferies LLC is acting as financial advisor to Genco, and Herbert Smith Freehills Kramer (US) LLP is serving as legal counsel to Genco.