Diana Shipping

DSX

Market cap $317M

Calls Out Genco Board's Five-Month Refusal to Engage on Fully Financed, All-Cash Offer Delivering Certain, Premium Value at Cyclically High Asset Values

ATHENS, Greece, March 23, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$16,650 per day, minus a 5.00% commission paid to third parties, for a period until minimum September 20, 2027 up to maximum November 20, 2027. The new charter period is expected to commence on April 7, 2026. The m/v Myrto is currently chartered, as previously announced, at a gross charter rate of US$12,000 per day, minus a 5.00% commission paid to third parties.

Diana Urges Genco Board to Engage in Good Faith Negotiations to Reach Definitive Agreement  Proposal Has No Execution Risk Given Financing Commitment from Leading Banks Agreement With Star Bulk Will Have No Impact on Genco Shareholders Genco Shareholders Are Being Denied Opportunity to Realize Premium Valuation Diana to Move Forward With Effort to Elect Slate of Independent Director Nominees That Will Be Open to All Opportunities to Maximize Shareholder Value, Including Diana's Proposal ATHENS, Greece, March 20, 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 owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today commented on the Genco Board of Directors' (the “Genco Board”) rejection of Diana's increased and fully financed all-cash offer to acquire all of the issued and outstanding shares of Genco not already owned by Diana for $23.50 per share. The increased offer was made on March 6, 2026 in partnership with Star Bulk Carriers Corp. (Nasdaq: SBLK) (“Star Bulk”).

Genco said the offer undervalues the company and wouldn't appropriately compensate shareholders.

ATHENS, Greece, March 16, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has filed its 2025 Annual Report on Form 20-F with the United States Securities and Exchange Commission. The Annual Report is available for download on the Company's website, www.dianashippinginc.com. Any shareholder may receive a hard copy of the Company's complete Annual Report, which includes the Company's 2025 audited financial statements, free of charge upon request.

Markets hate uncertainty, and right now there's plenty to go around. The outbreak of the U.S.-Iran conflict, following by Iranian retaliation against oil infrastructure across the Persian Gulf, has sent crude prices surging and shipping rates soaring to record levels.

Shipping transportation services company said Star Bulk Carriers had agreed to acquire 16 of Genco's vessels if the acquisition closes.

ATHENS, Greece, March 04, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$16,200 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on March 11, 2026. The m/v Crystalia is currently chartered, as previously announced, to Louis Dreyfus Company Freight Asia Pte. Ltd., at a gross charter rate of US$13,900 per day, minus a 5.00% commission paid to third parties.

Diana Shipping Inc. (DSX) Q4 2025 Earnings Call Transcript

ATHENS, Greece, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $3.1 million and net income attributable to common stockholders of $1.7 million for the fourth quarter of 2025. This compares to net income of $9.7 million and net income attributable to common stockholders of $8.3 million for the fourth quarter of 2024. Earnings per share for the fourth quarter of 2025 were $0.02 basic and diluted, compared to $0.07 basic and $0.02 diluted in the same quarter of 2024.