• Genco faces a proxy fight ahead of its annual meeting, urging shareholders to vote for its six director nominees on its white proxy card.
• The company also told investors not to tender shares into Diana Shipping’s tender offer, calling the USD 23.5-per-share bid inadequate and highly conditional.
• Genco pointed to a mean sell-side net asset value estimate of USD 26.54 to argue the offer undervalues the fleet.
• Management framed the dispute as a threat to its capital-return strategy, citing USD 310 million of dividends paid since 2021.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605180645PRIMZONEFULLFEED9721904) on May 18, 2026, and is solely responsible for the information contained therein.