Loading market dashboard
Genco Shipping & Trading Limited
GNKIndustrialsNYSEUS
Loading disclosure news
News and disclosures filtered by period, publisher, and event group.
Select a headline to open the full news page in the app.
Features Key Commentary from Diana and Star Bulk on Their Proposed Transaction and Market Conditions The Video and Information on How to VOTE the WHITE Proxy Card Are Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- 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 shared a video highlighting key commentary from Diana Shipping Inc. (“Diana”) and Star Bulk related to Diana's inadequate offer to acquire Genco on the cheap and the strength of the drybulk market. Genco issued the following statement: Genco is well positioned to deliver superior returns and value to shareholders in a strengthening drybulk market through the continued execution of its successful Comprehensive Value Strategy.
Board Urges Shareholders to Follow Glass Lewis and Egan-Jones' Recommendation and Vote FOR ALL of Genco's Highly Qualified and Experienced Directors on the WHITE Proxy Card TODAY — and WITHHOLD on Diana's Nominees
Diana Has Consistently Offered Approximately 1.0x NAV Based on the Same Broker Valuation Source Genco Itself Used for Five Years Genco Has Now Moved the Goalposts by Adopting a New Methodology It Has Never Previously Used to Further Entrench Itself and Avoid Engagement Genco's Demand for a Control Premium on Top of Inflated NAV Estimates Is Inconsistent With How Publicly Traded Shipping Companies Are Trading and How Comparable Transactions Have Been Priced Diana Calls on Genco to Agree to an Independent Valuation Process, Remove Its Poison Pill and Allow Genco Shareholders to Decide For Themselves Whether to Accept the Offer ATHENS, Greece, June 04, 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 is the largest shareholder of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today addressed Genco's continued use of shifting valuation standards as a pretext for avoiding engagement with Diana's fully financed, all-cash offer of $24.80 per share. Diana has consistently offered to acquire Genco at approximately 1.0x its NAV, calculated based on the same VesselsValue broker valuations Genco itself used for more than five years, including for purposes of calculating the market value of Genco's fleet in its Q4 2025 earnings presentation published in February 2026, which is still available on Genco's website.
Diana's Handpicked Nominees Pose Significant Risks for Genco Shareholders' Investment Genco Board Recommends Shareholders NOT Tender Their Shares In Diana's Offer Vote FOR Genco's Highly Qualified Nominees — Proven Stewards of Your Investment Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- 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 sent a letter to Genco shareholders detailing why Genco's Board of Directors is best positioned to deliver superior returns and create shareholder value. Genco also issued the following statement: Genco's Board of Directors are the architects of the Company's Comprehensive Value Strategy, which has been delivering compelling and growing dividends and superior value to shareholders.
Genco Shipping and Trading (NYSE:GNK) has told shareholders to reject an unsolicited tender offer from Diana Shipping Inc., with its board concluding that the bid undervalues the drybulk shipping company's assets and business and fails to provide a control premium. The board reiterated its unanimous opposition to the offer on two grounds: that the price does not reflect the underlying value of Genco's fleet and operating platform, and that it carries no premium for control of one of the larger US-listed drybulk owners.
Genco Shipping and Trading (NYSE:GNK) has told shareholders to reject an unsolicited tender offer from Diana Shipping Inc., with its board concluding that...
Genco Shipping & Trading's board has unanimously rejected Diana Shipping's revised unsolicited buyout offer, saying the offer continues to meaningfully undervalue the company and its assets.
Offer Continues to Undervalue Genco's Assets and Business and Fails to Provide Control Premium for Its Leading Drybulk Platform
On May 28, 2026, Genco Shipping and Trading Ltd (GNK) shares rose 3.3% today, currently priced at $24.09. The stock has experienced a 52-week range of $12.66 to $
NEW YORK, May 27, 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, 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.
NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- 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.
Diana Continues to Spread Misinformation to Shareholders in Pursuit of Its Agenda to Take Control of Genco on the Cheap
Highlights Genco's Proven Comprehensive Value Strategy Delivering Superior Returns and Significant Momentum Underway to Capture Upside
Diana Shows its Hand Through Recent Stock Sales Underscoring Its Lack of Commitment to Creating Value for Genco Shareholders
Expresses Confidence in Strength of Business, Momentum Underway and Ability to Continue Generating Superior Returns and Shareholder Value
Offer Price is Unchanged from Prior Inadequate Proposal – Continues to Undervalue Genco's Assets and Business, Fails to Provide Control Premium
Urges Shareholders to Vote “FOR” Genco's Highly Qualified Board on the WHITE Proxy Card – and “WITHHOLD” on Diana's Nominees
Genco Shipping & Trading NYSE: GNK reported stronger first-quarter results and said improving dry bulk freight markets, recent fleet additions and low financial leverage are supporting higher dividend expectations for the remainder of 2026.
Genco Shipping & Trading Limited (GNK) Q1 2026 Earnings Call Transcript
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.
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & 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:
Urges Shareholders to Vote “FOR” the Reelection of Genco's Highly Qualified and Experienced Board on the WHITE Proxy Card Today – and “WITHHOLD” on Diana's Nominees
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to a loss of $0.28 per share a year ago.
Declares Dividend of $0.35 per Share for Q1 2026, Marking 133% Increase Year-Over-Year and 27 th Consecutive Quarterly Dividend
Offer Price Remains Unchanged from Prior Inadequate Proposal That the Genco Board of Directors Unanimously Rejected Shareholders Do Not Need to Take Action at This Time NEW YORK, May 04, 2026 (GLOBE NEWSWIRE) -- 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 commenced a conditional, unsolicited tender offer to acquire all of the outstanding shares of Genco not already owned by Diana for $23.50 per share in cash. Diana's offer price is unchanged from its inadequate March 6, 2026 proposal to acquire all of the outstanding shares of Genco for $23.50 per share in cash.
International Seaways (INSW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Canadian National (CNI) came out with quarterly earnings of $1.31 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.29 per share a year ago.
Shareholders Are Encouraged to Vote FOR Genco's Highly Experienced, Qualified Board with Proven Record of Generating Superior Returns and Value
NEW YORK, April 20, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire a 2019 Imabari built 182,000 dwt scrubber-fitted Capesize vessel with prompt delivery expected in June 2026. Genco also announced today that it has sold two 2005-built 55,000 dwt Supramax vessels, the Genco Picardy and the Genco Predator, which delivered to buyers on March 30, 2026 and April 15, 2026, respectively.
NEW YORK, April 15, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the first quarter of 2026 on Thursday, May 7, 2026 at 8:30 a.m. Eastern Time.
Investors with an interest in Transportation - Shipping stocks have likely encountered both Navigator Holdings (NVGS) and Genco Shipping & Trading (GNK). But which of these two stocks is more attractive to value investors?
NEW YORK, April 13, 2026 (GLOBE NEWSWIRE) -- 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 issued the following statement regarding Diana Shipping Inc.'s (“Diana”) letter to Genco shareholders:
Genco Shipping has strong operating leverage to freight rates, with earnings closely tied to dry bulk cycles and spot market exposure. Freight rates may see near-term support from geopolitical disruptions and limited vessel supply, yet weak commodity demand caps growth potential. GNK's valuation appears about 16% overvalued on EV/EBITDA, but an 8% dividend yield partially offsets limited near-term potential negative price returns.
Learn More at www.GencoDrivesSuperiorReturns.com NEW YORK, April 07, 2026 (GLOBE NEWSWIRE) -- 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 announced it has launched www.GencoDrivesSuperiorReturns.com to provide shareholders with important information on Genco's comprehensive value strategy, the Company's strong corporate governance practices and the risks associated with the attempt by Diana Shipping Inc. (“Diana”) to take over Genco. The website provides clear and compelling information, including: Details on Genco's comprehensive value strategy, which has returned $292 million to shareholders in dividends since April 2021 and generated total shareholder returns (TSR) of 247% over the past five years, more than triple the S&P 500 TSR of 76% and far exceeding Diana's TSR of 53% over the same period;1 Highlights of Genco's strong and leading governance practices, including being the only U.S.-listed drybulk company with no related party transactions; Background of Genco's qualified and engaged Board of Directors, whose extensive industry and leadership experience are critical to the continued successful execution of the Company's low-leverage, high dividend strategy; Analysis of the significant risks to Genco shareholders of Diana's attempt to takeover Genco through an inadequate acquisition proposal and proxy fight to replace the Board; and Actions shareholders can take to protect their Genco investment.
Comprehensive Value Strategy Delivering Strong Results and Returns for Shareholders Diana Shipping's Proposal Substantially Undervalues Genco and Fails to Provide Appropriate Premium to Shareholders for Control of the Company Replacing the Board with Diana Shipping's Nominees Puts Shareholders' Investment and Value at Risk Genco Shareholders Do Not Need to Take Any Action at This Time NEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- 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 sent a letter to Genco shareholders highlighting the steps the Board and leadership team are taking to drive sustainable, long-term shareholder value. Highlights from the letter include: Genco continues to deliver on its value strategy, which includes generating substantial returns for shareholders, expanding its earnings power with investments in high quality modern vessels and fortifying its balance sheet.
Reflects Strategic Action to Expand Premium Earning Asset Base and Increase Earnings Power and Dividend Capacity Reflects Strategic Action to Expand Premium Earning Asset Base and Increase Earnings Power and Dividend Capacity
NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) -- 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 issued the following statement:
GNK rides on fleet expansion, strong liquidity and shareholder payouts, fueling a 65% surge and bullish outlook as earnings estimates climb.
Here is how Genco Shipping & Trading (GNK) and International Seaways (INSW) have performed compared to their sector so far this year.
Genco said the offer undervalues the company and wouldn't appropriately compensate shareholders.
Proposal Substantially Undervalues Genco, Fails to Provide an Appropriate Premium and Presents Execution Risks “Fire Sale” of 16 Genco Vessels to a Competitor Highlights Diana's Undervalued Proposal Board Remains Open to Engaging with Diana on an Offer That Recognizes Genco's Full Value for All Shareholders NEW YORK, March 19, 2026 (GLOBE NEWSWIRE) -- 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 announced that its Board of Directors unanimously rejected Diana Shipping Inc.'s revised, non-binding indicative proposal to acquire all of the outstanding shares of Genco not already owned by Diana for $23.50 per share in cash. A special committee of independent directors reviewed the proposal with the assistance of external financial and legal advisors.
Shares of Genco Shipping and Trading Limited (NYSE: GNK - Get Free Report) have earned an average recommendation of "Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a
