Genco Shipping & Trading Limited Issues Statement Regarding Diana’s Unsubstantiated Assertions

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Genco Shipping and Trading Limited (NYSE: GNK) ("Genco" or the "Company"), the largest U. S. headquartered drybulk shipowner focused on the global transportation of commodities, issued the following statement: We encourage shareholders to see Diana's latest disclosure for what it is: more unsubstantiated falsehoods and misleading statements, designed to distract from the simple truth - Diana is trying to take control of your company at a discount to Genco's asset value, without paying a control premium and below the current trading price.