GNK

Genco Board Provided Diana Clear Criteria for a Transaction Reflecting Fair Value and in the Best Interests of All Genco Shareholders

The decision ends a nearly year-long takeover battle between the two shipping companies.

Further Expands Fleet of Premium Earning Assets, Including 20 Capesize/Newcastlemax Vessels Highly Accretive Capesize/Newcastlemax Acquisitions Have Generated ~30% IRR and Meaningfully Contributed to Dividend Growth NEW YORK, Aug. 12, 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 Volunteer, a 2019 Imabari built 182,000 dwt scrubber-fitted Capesize vessel. John C. Wobensmith, Chairman and Chief Executive Officer, commented, “We are pleased to take delivery of our latest high-specification Capesize vessel in a strong drybulk market.

Here is how Genco Shipping & Trading (GNK) and Kirby (KEX) have performed compared to their sector so far this year.

Declares Dividend of $0.80 per Share for Q2 2026, a Record Value Strategy Dividend Projects Another Record Dividend in Q3 2026 NEW YORK, Aug. 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 reported its financial results for the three months and six months ended June 30, 2026. Second Quarter 2026 and Year-to-Date Highlights Dividend Declared a $0.80 per share dividend for Q2 2026, 433% higher than Q2 2025 Record dividend under our Comprehensive Value Strategy 28th consecutive quarterly dividend Cumulative dividends of $8.715 per share or approximately 34% of our current share price1 Q2 2026 dividend is payable on or about August 24, 2026 to all shareholders of record as of August 17, 2026 Q3 2026 projected dividend of greater than $1 per share based on current fixtures and assuming the current FFA curve2 Q2 2026 financial results Net income of $16.6 million, or basic and diluted earnings per share of $0.38 and $0.37, respectively Adjusted net income of $29.2 million or basic and diluted earnings per share of $0.67 and $0.65, respectively3 Adjusted EBITDA3: $56.7 million, an increase of 297% YOY Voyage revenues: $136.4 million Net revenue3: $92.3 million Average daily fleet-wide TCE3: $24,273 per day Estimated Q3 2026 TCE to date $28,587 for 66% of our owned fleet available days3 John C.

Seaways, Genko and ZIM have been highlighted in this Industry Outlook article.

Following a careful analysis of the Zacks Transportation Shipping industry, we advise buying stocks like INSW, GNK and ZIM.

Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Genco Will Continue to Engage in Good Faith Discussions with Diana and Act in the Best Interests of Genco Shareholders Genco's Board Continues to Review Diana's Separate Non-Binding Indicative Proposal NEW YORK, July 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 issued the following statement regarding the expiration of the tender offer of Diana Shipping Inc. (“Diana”): Genco is executing its Comprehensive Value Strategy, which is delivering superior returns to shareholders in a strengthening drybulk market. We look forward to updating the market on our second quarter 2026 results on August 5, 2026.

Does Genco Shipping & Trading (GNK) have what it takes to be a top stock pick for momentum investors? Let's find out.