Genco Shipping and Trading Limited

GNK

Reporting person: Diana Shipping Inc.(fund)

Diana Shipping seeks board control of Genco via tender offer at $23.50/sh

Contested meetinghigh confidence14.8% stake

Contest Strategydissident slate, solicitors, demands

Contested annual

What's being contested

Board seatsBylaw amendmentSale of company

IssuerGenco Shipping and Trading Limited (GNK)

Issuer solicitor—

Reporting personDiana Shipping Inc. (fund)

Dissident solicitorOkapi Partners LLC

Stake6,413,151 sh14.8%

Dissident counsel—

Cost basis—

Meeting date—

Record date—

Dissident slate (6)

Gustave Brun-Lie
Paul Cornell
Chao Sih Hing Francois
Jens Ismar
Viktoria Poziopoulou
Quentin Soanes

Primary demands

board refreshment
engage with acquisition proposal
conduct strategic review
repeal post-August 2025 bylaw amendments

Advisors

No advisor data on record for this deal.

Sources

SEC Filing

Diana Shipping Inc., holding 14.8% of Genco Shipping and Trading Limited, is soliciting proxies to elect six director nominees to Genco's board at the 2026 annual meeting. Diana has made a fully-financed acquisition proposal for $23.50 per share in partnership with Star Bulk Carriers Corp., which the Genco board has refused to engage on. The dissident is also seeking approval to repeal post-August 2025 bylaw amendments and to require the board to conduct a strategic review process.

Item id: 38c89a2e-7a0f-4e97-9ac2-2a58e57b104d · ingested Apr 24, 2026