Genco Shipping & Trading

GNK

Market cap $844M

Board Unanimously Determined Proposal Significantly Undervalues Genco, Has Significant Execution Risk with No Committed Financing and is Not in Best Interest of Shareholders

Diana, which owns a roughly 14.8% stake in Genco, had offered on Nov. 24 to buy the company for $20.60 a share in cash, representing a 15% premium to Genco's closing price on Nov. 21.

Genco Shipping (GNK) received a $20.60/share cash buyout proposal from Diana Shipping (DSX), validating the bull thesis of asset undervaluation. DSX seeks GNK's strong balance sheet and cash flows to offset its own leverage, but the offer is near or below GNK's NAV and lacks a control premium. GNK's poison pill and robust financials empower the board to demand a higher bid or shop for alternative offers, with fair value estimated at $24–25/share.

NEW YORK, Nov. 24, 2025 (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 it has received a non-binding indicative proposal from Diana Shipping Inc. (NYSE: DSX) to acquire all of the outstanding shares of Genco not already owned by Diana for $20.60 per share in cash. Diana has disclosed that they currently beneficially own approximately 14.8% of the Company's common stock.

Further Modernizes Asset Base and Enhances Earnings and Dividend Capacity Further Modernizes Asset Base and Enhances Earnings and Dividend Capacity

NEW YORK, Nov. 10, 2025 (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 (the “Board”) has adopted an amendment (the “Amendment”) to its one-year limited duration shareholder rights plan adopted on October 1, 2025 (the “Rights Plan”) that expires on September 30, 2026. The Amendment is effective immediately.

Genco Shipping & Trading Limited ( GNK ) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST Company Participants Peter Allen - Chief Financial Officer John Wobensmith - CEO, President, Secretary & Chairman of the Board Michael Orr Conference Call Participants Omar Nokta - Jefferies LLC, Research Division Liam Burke - B. Riley Securities, Inc., Research Division Michael Mathison - Sidoti & Company, LLC Charles Fratt - Alliance Global Partners, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited Third Quarter 2025 Earnings Conference Call and Presentation.

Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.41 per share a year ago.

Declares Dividend of $0.15 per share for Q3 2025 Represents Genco's 25 th Consecutive Quarterly Dividend

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.