GNK - Dividend announcements

Vote for All of Genco's Highly Qualified Directors in Line with Recommendations of Three Proxy Advisory Firms Genco's Board of Directors Is Delivering Superior Returns and Value to Shareholders Through Execution of Genco's Comprehensive Value Strategy Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 10, 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 mailed a communication to shareholders urging them to vote FOR ALL of Genco's highly qualified directors on the WHITE proxy card and WITHHOLD on bo

ISS Recommendation Cites Entrenchment Concerns While Diana's $24.80 Per Share All-Cash Offer is on the Table Glass Lewis Recognizes Diana as a "Serious and Committed Bidder" and Highlights Risks That the Rights Plan May Limit Shareholders' Ability to Evaluate any Current Offer Genco Board Resists Even Limited, Constructive Board Refresh with Two Independent Nominees Diana Urges Genco Shareholders to Vote the GOLD Universal Proxy Card "FOR" Jens Ismar and Paul Cornell, "WITHHOLD" on Basil G. Mavroleon and Arthur L. Regan, and "AGAINST" Ratifying Genco's Poison Pill ATHENS, Greece, June 09, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) ("Diana" or "the Company"), a global shipp

Diana's Latest Actions Represent Last-Ditch Attempt to Gain Influence Over Genco's Board and Acquire Genco on the Cheap Board Urges Shareholders to Vote FOR ALL of Genco's Highly Qualified and Experienced Directors on the WHITE Proxy Card TODAY — and WITHHOLD on Diana's Handpicked Nominees Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 08, 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 in response to the decision of Diana Shipping Inc. ("Diana") to withdraw four

Decision to Withdraw Four Nominees Reflects Diana's Commitment to Providing Shareholders an Opportunity to Affect Meaningful Change on the Genco Board Ismar and Cornell Bring a Fresh Perspective to the Genco Board with Decades of Proven Experience as Seasoned Drybulk Executives and Board Members Calls on Genco Shareholders to Vote the GOLD Universal Proxy Card "FOR" Jens Ismar and Paul Cornell and "WITHHOLD" on Genco Nominees Basil G. Mavroleon and Arthur L. Regan ATHENS, Greece, June 08, 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 larg

Board Urges Shareholders to Vote FOR ALL of Genco's Highly Qualified and Experienced Directors on the WHITE Proxy Card TODAY — and WITHHOLD on Diana's Nominees in Line with All Three Independent Proxy Advisors' Recommendations Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 08, 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 leading proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Genco shareholders vote on the WHITE proxy card "FOR" ALL of Genco'

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 posit

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 Additional Information 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 announced that independent proxy advisory firms Glass Lewis & Co. ("Glass Lewis") and Egan-Jones Proxy Services ("Egan-Jones") overwhelmingly supported the Genco Board on all agenda items

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 Sh

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. G

Response Definitively Confirms the Genco Board Rejects Engagement in Meaningful Negotiations Despite Diana's Repeated Good Faith Efforts Following Third Rejection of Increasingly Compelling Offers, Diana Calls on Genco Shareholders to Replace Genco's Fully Entrenched Board by Electing Six Independent Directors Who Will Consider ALL Opportunities to Maximize Value Despite Genco's Continuing Refusal to Have Even One Conversation, Diana is Fully Committed to Its Offer and Remains Prepared to Meet with Genco at Any Time Urges Genco Shareholders to Vote the GOLD Universal Proxy Card "FOR" Diana's Six Independent Director Nominees at the June 18 Annual Meeting ATHENS, Greece, June 02, 2026 (

Offer Continues to Undervalue Genco's Assets and Business and Fails to Provide Control Premium for Its Leading Drybulk Platform Genco Has Strong Momentum and Is Well Positioned to Continue Delivering Superior Value and Returns to Shareholders Board Recommends Shareholders NOT Tender Their Shares Into Diana's Revised Offer Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 02, 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 the revised unso

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 t

Increase Reflects Net Asset Value at Cyclically High Asset Values and Diana's Unwavering Commitment to Completing a Value-Maximizing Transaction for All Genco Shareholders Amends Tender Offer Price to $24.80 Per Share in Cash and Extends Deadline to June 26, 2026 Releases Investor Presentation Highlighting Financial Merits of Increased Offer Urges Genco Shareholders to Vote the GOLD Universal Proxy Card "FOR" Diana's Six Independent Director Nominees at the 2026 Annual Meeting ATHENS, Greece, May 27, 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

Diana Continues to Spread Misinformation to Shareholders in Pursuit of Its Agenda to Take Control of Genco on the Cheap Protect Your Investment and Future Returns — Vote the WHITE Proxy Card FOR Genco's Highly Qualified Board of Directors — and WITHHOLD on Diana's Nominees Genco Reminds Shareholders Not to Tender Their Shares into Diana's Inadequate Tender Offer Presentation and Information on How to Vote Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 26, 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 released a pre

Highlights Genco's Proven Comprehensive Value Strategy Delivering Superior Returns and Significant Momentum Underway to Capture Upside Diana's Offer Remains Inadequate and its Handpicked Director Nominees Pose Significant Risks to Genco Shareholders' Investment Genco Urges Shareholders to Vote "FOR" the Re-Election of Genco's Nominees on the WHITE Proxy Card Today – and "WITHHOLD" on Diana's Nominees Reminds Shareholders Not to Tender Their Shares into Diana's Tender Offer Presentation and Information on How to Vote Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the lar

Offer of $23.50 Per Share Represents 31% Premium to Undisturbed Share Price and 1.0x NAV — a Price Genco Shareholders Have Almost Never Seen in the Open Market Genco Board Has Refused to Engage with Diana for Five Months While Pursuing a Strategy of Entrenchment Diana's Six Highly Qualified, Independent Director Nominees Are Committed to Ensuring the Board Explores All Opportunities to Maximize Value for All Genco Shareholders Diana Urges Genco Shareholders to Vote the GOLD Universal Proxy Card "FOR" Diana's Six Independent Director Nominees at the 2026 Annual Meeting ATHENS, Greece, May 19, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) ("Diana" or the "Company"), a global sh

Diana Shows its Hand Through Recent Stock Sales Underscoring Its Lack of Commitment to Creating Value for Genco Shareholders Diana's Low-Ball Offer Continues to Undervalue Genco's Assets and Business and Fails to Provide a Control Premium Diana May Attempt to "Empty Vote" Shares they No Longer Own NEW YORK, May 18, 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 in response to Diana's latest misleading press release: Genco continues to outperform the market and peers, including Diana, because of the s

Expresses Confidence in Strength of Business, Momentum Underway and Ability to Continue Generating Superior Returns and Shareholder Value Urges Shareholders to Vote FOR the Reelection of Genco's Six Directors on the WHITE Proxy Card Recommends Shareholders Do NOT Tender Their Shares into Diana's Inadequate and Highly Conditional Offer Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 18, 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 from John Wobensmit

Offer Price is Unchanged from Prior Inadequate Proposal – Continues to Undervalue Genco's Assets and Business, Fails to Provide Control Premium Genco Board Recommends Shareholders NOT Tender Their Shares Into Diana's Offer Urges Shareholders to Vote the WHITE Proxy Card FOR Genco's Directors Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 15, 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 the unsolicited tender offer (the "Offer") from

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: 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. The Genco Board of Directors is committed to the highest standards of corporate governance and will continue to a

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 t

Brings Offer Directly to Genco Shareholders After Genco Board's Five-Month Refusal to Engage on Fully Financed, All-Cash Proposals, Denying Shareholders the Opportunity to Realize Meaningful, Immediate Value Offer Represents a Compelling 31% Premium to Genco's Undisturbed Share Price and is Priced at Approximately 1.0x NAV at Cyclically High Asset Values Diana Urges Genco Shareholders to Tender Their Shares ATHENS, Greece, May 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 owns approximately 14.8% of the outstanding shares of common stock of G

Shareholders Are Encouraged to Vote FOR Genco's Highly Experienced, Qualified Board with Proven Record of Generating Superior Returns and Value Diana Shipping Is Trying to Seize Control of the Genco Board to Advance its Attempt to Take Over Genco on the Cheap Diana's Handpicked Director Nominees Pose Substantial Risk to Genco and its Shareholders Shareholders Should Ignore and Discard Any Proxy Materials They Receive From Diana For More Information Visit www.GencoDrivesSuperiorReturns.com NEW YORK, April 24, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transport

Divests Older, Less Fuel-Efficient Vessels and Agrees to Acquire High Specification Scrubber-Fitted Capesize Vessel Increased Exposure to Premium Earning Capesize Vessels Further Enhances Earnings Power and Dividend Capacity  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 Pr

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: The Genco Board of Directors and management team are committed to maximizing value for Genco shareholders. Today, Diana issued a letter as part of its efforts to take control of Genco through an inadequate acquisition proposal and through replacing the entire Genco Board with its handpicked nominees. We encourage shareholders to ignore Diana's letter and not be distr

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

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 leadersh

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 shar

ATHENS, Greece, March 06, 2026 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced it has entered into a conditional Sale and Purchase Agreement (the "SPA") to acquire sixteen vessels from Diana Shipping Inc. (("Diana", NYSE:DSX), subject to Diana successfully acquiring all issued and outstanding shares of Genco Shipping & Trading Ltd. (("Genco", NYSE:GNK), not already owned by Diana. The aggregate purchase price for the sixteen-vessel acquisition is $470.5 million in cash ("Purchase Price"). The SPA is subject to (i) an agreement being entered between Diana and Genco and successfully being consummated and (ii) customary conditions to

Revised Offer of $23.50 Per Share Represents 31% Premium Over Undisturbed Closing Price Prior to Initial Offer Receives Fully Underwritten Commitment for $1.433 Billion in Financing Arranged by DNB Carnegie and Nordea, and Including Other Leading International Banks Star Bulk Enters into Definitive Agreement with Diana to Acquire 16 Genco Vessels for $470.5 Million Calls Upon Genco Board to Immediately Engage in Good Faith Negotiations to Reach Definitive Agreement ATHENS, Greece, March 06, 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 ap

Second Newcastlemax Vessel Expected to Deliver at the End of March Premium Earning Assets Further Enhance Earnings Power and Dividend Capacity NEW YORK, March 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 announced that it has taken delivery of the Genco Stars and Stripes, one of two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels that Genco agreed to acquire in November 2025. John C. Wobensmith, Chairman and Chief Executive Officer, commented, "We are pleased to take delivery of the first of two high specification

Deeply Disappointed that After Weeks of Delay, the Genco Board has Rejected and Communicated an Unwillingness to Engage Regarding Diana's Acquisition Proposal Diana Reiterates Attractive All Cash Offer Providing Immediate, Certain Value for Genco's Shareholders Diana Urges Good-Faith Engagement by Genco Board ATHENS, Greece, Jan. 13, 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"), announced that it has received a letter from

NEW YORK, Nov. 19, 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, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase price of $145.5 million. Genco expects to take delivery of the vessels during the first quarter of 2026 and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility. John C. Wobensmith, Chairman and Chief Executive Officer, commented, "We are pleased to acquire two more high quality, premium earning vessels, underscoring Genco

NEW YORK, July 14, 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 it has closed a $600 million revolving credit facility, amending its existing facility to provide significant capacity to pursue accretive growth opportunities among other uses. Key terms of the $600 million revolving credit facility include: Increased borrowing capacity by 50% or $200 million to $600 million in aggregateRepayment profile of 20 years with no commitment reductions until March 31, 2027 based on covenant complianceImproved pricing: margin reduc

NEW YORK, Oct. 07, 2024 (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 2016-built 180,000 dwt high-specification Capesize vessel for a purchase price of $47.5 million. Genco expects to take delivery of the vessel, to be named the Genco Intrepid, within the next 30 days, and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility. John C. Wobensmith, Chief Executive Officer, commented, "We are pleased to continue to advance our growth strategy with the acquisition of this moder

NEW YORK, Sept. 10, 2024 (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 the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the third quarter of 2024. The amount available for quarterly dividends is to be calculated based on the following updated formula, commencing in Q3 2024:     Dividend calculation   Net revenue  Less: operating expenses  Operating cash flow  Less: voluntary qu

Successfully Executing on its Comprehensive Value Strategy Reminds Shareholders to Vote "FOR" Genco's Nominees on the WHITE Proxy Card NEW YORK, May 14, 2024 (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 mailed a letter to shareholders in connection with the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024 will be entitled to vote at the meeting. The letter and information about how to vote at the meeting is available at www.VoteFo

Urges Shareholders to Vote "FOR" the Re-Election of Genco's Seven Highly Qualified Nominees on the WHITE Proxy Card Today Vote "AGAINST" George Economou's Nominee and Shareholder Proposal Launches VoteForGenco.com Providing Additional Information for Shareholders NEW YORK, April 16, 2024 (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 it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the "SEC") in connection with the Company's 2024 Annual Meeting of Shareholders (the "2024 Annua

NEW YORK, April 03, 2024 (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 it has filed its preliminary proxy materials with the Securities and Exchange Commission ("SEC") in connection with its upcoming Annual Meeting of Shareholders. In its preliminary proxy statement, the Genco Board of Directors recommends that shareholders vote for the re-election of the seven nominees currently serving on the Board – James G. Dolphin, Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan and John C. Wobens

NEW YORK, March 05, 2024 (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 unanimously rejected the proposed nomination of Randee Day and Robert Pons by George Economou through his entity GK Investor LLC to stand for election to the Board at the Company's 2024 Annual Meeting of Shareholders. The Company issued the following statement: Our Board of Directors thoroughly evaluated both nominees and determined on the unanimous recommendation of our Nominating and Corporate Governance Commi

NEW YORK, Jan. 22, 2024 (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 a letter to shareholders highlighting steps the Company is continuing to take to drive sustainable, long-term shareholder value. The full text of the letter follows: Dear Fellow Shareholders, We are writing today with an update on the important steps we continue to take at Genco to drive sustainable, long-term shareholder value for you. Over the last several years, our Board of Directors and management team have navigated various market enviro

NEW YORK, Nov. 27, 2023 (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 acquired an additional 2016-built 181,000 dwt scrubber-fitted Capesize vessel, the Genco Reliance, for a purchase price of $43.0 million. The Company took delivery of the Genco Reliance, as well as the previously announced Capesize acquisition, the Genco Ranger, during the last week of November 2023. Genco also announced today that it has agreed to sell the Genco Commodus, a 2009-built 169,098 dwt Capesize vessel, for $19.5 million. This anticipated sale will result in d

Genco Seeks to Deliver Continuous Value to Shareholders Through a Compelling Dividend Payout Strategy, Growth and Deleveraging Company to Hold Conference Call on Tuesday, April 20th at 8:30 a.m. ET to Discuss New Corporate Strategy NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), today announced a new comprehensive value strategy centered on paying quarterly cash dividends to shareholders based on cash flows after debt service less a reserve for the growth of the Company's asset base, further debt reduction and general corporate purposes. Genco believes that a strategy based on low leverage and an attractive dividend yi

NEW YORK, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today reported its financial results for the three months and twelve months ended December 31, 2020. The following financial review discusses the results for the three and twelve months ended December 31, 2020 and December 31, 2019. Fourth Quarter 2020 and Year-to-Date Highlights We recorded a net loss of $65.9 million for the fourth quarter of 2020 Basic and diluted loss per share of $1.57Adjusted net income of $9.3 million or basic and diluted earn