Key Performance
More- Earnings Score: N/A
- Momentum Score: 43
- True Yield: 66
- Financial Health Score: N/A
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Latest Research & News
Diana Shipping Inc. has increased its acquisition offer for Genco Shipping & Trading to $27.34 per share, comprised of $24.80 in cash and one Diana share valued at $2.54. The revised offer represents a 53% premium to Genco's undisturbed share price and a 6% premium to NAV. Diana has requested that Genco delay its annual meeting scheduled for June 18, 2026, to allow proper evaluation of the increased offer. The cash component remains fully financed with $1.433 billion in committed financing from six international banks.
06/17/2026, 7:33 AM • Benzinga
Capital Link Shipping has expanded its maritime intelligence platform with new executive discussions from leading shipping companies including Scorpio Tankers, DHT Holdings, d'Amico International Shipping, and others. The platform provides market insights on tanker and dry bulk sectors, featuring CEO perspectives on market developments, company strategies, and capital markets trends.
06/16/2026, 1:55 PM • GlobeNewswire
Genco Shipping released a video and statement opposing Diana Shipping's $24.80 per share tender offer, arguing it undervalues the company and lacks an appropriate control premium. Genco's Board maintains the offer is below third-party NAV estimates of $26.66-$27.10 and encourages shareholders to vote for the company's nominees on the WHITE proxy card while rejecting Diana's inadequate bid.
06/05/2026, 2:46 PM • Benzinga
Genco Shipping & Trading Limited released a video and statement opposing Diana Shipping's $24.80 per share acquisition offer, arguing it undervalues the company at below net asset value and lacks an appropriate control premium. Genco's Board recommends shareholders vote for its nominees on the WHITE proxy card and reject Diana's tender offer, citing the strength of the drybulk market and the company's ability to deliver superior returns through its Comprehensive Value Strategy.
06/05/2026, 2:46 PM • GlobeNewswire
Diana Shipping criticizes Genco Shipping's board for repeatedly shifting valuation methodologies to avoid engagement with its $24.80 per share all-cash acquisition offer. Diana argues its offer represents approximately 1.0x NAV using consistent broker valuations, while Genco's new methodology inflates valuations. Diana calls for independent valuation process, full NAV transparency, and removal of Genco's poison pill to allow shareholders to decide.
06/04/2026, 4:00 PM • GlobeNewswire
New at Capital Link Shipping: CEO Insights From Heidmar, Star Bulk & GMS
Capital Link has launched Capital Link Shipping, a free maritime intelligence platform featuring exclusive discussions with senior executives from major shipping companies including Star Bulk Carriers, Heidmar Maritime Holdings, and GMS. The platform provides market intelligence, shipping data, expert insights, and industry analysis across dry bulk, tanker, container, and gas shipping sectors.
06/03/2026, 1:46 PM • GlobeNewswire
Diana Shipping Inc. Increases All-Cash Offer to Acquire Genco Shipping & Trading to $24.80 Per Share
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.
05/27/2026, 9:08 AM • Benzinga
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.
05/19/2026, 4:55 PM • GlobeNewswire
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.
05/04/2026, 7:37 AM • Benzinga
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.
03/20/2026, 9:24 AM • Benzinga
Diana Shipping Sweetens Genco Takeover Bid To $23.50
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.
03/06/2026, 11:54 AM • Benzinga
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.
03/06/2026, 9:29 AM • Benzinga
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.
03/06/2026, 9:27 AM • Benzinga
FRO – Changes to the Board Composition
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.
02/27/2026, 4:30 PM • Benzinga
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.
02/18/2026, 10:00 AM • GlobeNewswire
