Genco Shipping & Trading Ltd Stock Price, News & Analysis

Genco Shipping & Trading (NYSE:GNK) responded to Diana Shipping's Jan 16, 2026 disclosure that it intends to nominate six director candidates to replace Genco's entire board ahead of the 2026 annual meeting. Genco says its six-member board (five independent) follows a rigorous review process, concluded Diana's unsolicited indicative $20.60 per share proposal materially undervalued Genco and carried execution risks, and declined further engagement. Genco says a Genco acquisition of Diana could create value and has authorized management to explore an alternative, cash-and-equity transaction; shareholders need take no action now.

Genco Shipping & Trading (NYSE:GNK) announced its Board unanimously rejected Diana Shipping’s non-binding proposal to buy outstanding GNK shares for $20.60 per share, calling the offer materially undervaluing Genco and lacking committed financing or acceptable structure. The Board highlighted Genco’s $347 million recent vessel investment, $7.065 per‑share dividends over six years (25 consecutive quarters), pro forma net LTV ~20%, a cash‑flow breakeven of ~$10,000/day, and NAV/valuation metrics it says exceed Diana’s offer. Genco proposed an alternative: Genco acquiring Diana with cash and GNK stock and outlined scale and synergy benefits for both shareholders.

Genco Shipping & Trading (NYSE:GNK) confirmed receipt on Nov 24, 2025 of a non-binding indicative proposal from Diana Shipping (NYSE:DSX) to acquire all outstanding Genco shares not already owned by Diana for $20.60 per share in cash. Diana disclosed beneficial ownership of approximately 14.8% of Genco common stock. Genco's Board, with financial and legal advisors, will review the proposal and has made no decision; shareholders are told no action is required at this time. There is no assurance a definitive offer, agreement, or transaction will occur, and the company may not provide further updates except as required by law.

Company facts: Genco operates a 45-vessel drybulk fleet, average age 12.5 years, aggregate capacity ~5,045,000 dwt (pro forma).

Genco Shipping & Trading (NYSE:GNK) agreed to acquire two 2020-built, 208,000 dwt scrubber-fitted Newcastlemax vessels for a total purchase price of $145.5 million. Genco expects delivery in Q1 2026 and plans to fund the deal with cash on hand plus a drawdown on its revolving credit facility. Including this transaction, Genco says its investment in modern Capesize and Newcastlemax tonnage totals $343 million over the last two years. Pro forma fleet: 45 vessels, average age 12.5 years, aggregate capacity ~5,045,000 dwt. Company highlights potential for improved earnings and dividend capacity.

Genco Shipping & Trading (NYSE:GNK) announced on November 10, 2025 an amendment to its one-year limited duration shareholder rights plan adopted October 1, 2025 that expires September 30, 2026. The Amendment, effective immediately, redefines “Acquiring Person” to trigger the plan at 10% beneficial ownership (15% for 13G investors) and expressly excludes a Grandfathered Shareholder that currently holds nearly 15% of common stock, subject to limitations disclosed in a Form 8‑K to be filed the same day.

The Board said the change responds to the rapid accumulation of shares by a competitor and is intended to give the Board time to fulfill fiduciary duties while not preventing fair offers. Further details will be available in the company’s Form 8‑K filed with the SEC.

Corporate facts: fleet of 43 vessels, average age 12.8 years, aggregate capacity ~4,629,000 dwt.

Genco Shipping & Trading (NYSE:GNK) reported Q3 2025 results and declared a $0.15 per share cash dividend — its 25th consecutive quarterly dividend — payable on or about Nov 24, 2025 to shareholders of record on Nov 17, 2025. Cumulative dividends now total $7.065 per share. The company acquired the Genco Courageous (182,000 dwt, 2020, scrubber-fitted) for $63.6 million on Oct 15, 2025 and completed a $600 million revolving credit facility.

Q3 results: net loss $1.1M ($0.02/share), adjusted EBITDA $21.7M, voyage revenue $79.9M, net revenue $55.0M, average fleet TCE $15,959/day. Q4 TCE to date: $20,101/day for 72% of owned fleet available days. Liquidity: $520M (cash $90M, revolver availability $430M); pro forma net LTV 12%.

Genco Shipping & Trading (NYSE: GNK) will host a conference call to discuss third quarter 2025 results on Thursday, November 6, 2025 at 8:30 a.m. ET. The company will issue financial results for the quarter ended September 30, 2025 on Wednesday, November 5, 2025 after market close.

The call will be broadcast live with a slide presentation and available for replay on the company website. Dial-in details are provided after registration via the live call link; participants are asked to dial in at least 10 minutes early.

• When: Nov 6, 2025, 8:30 a.m. ET
• Results release: Nov 5, 2025 after market close
• Webcast/replay: http://www.gencoshipping.com
• Registration link: https://registrations.events/direct/Q4I910613917

Genco Shipping & Trading (NYSE:GNK) announced delivery of the Genco Courageous, a 2020-built, 182,000 dwt scrubber-fitted Capesize vessel on October 16, 2025. Management said the vessel is high-spec and fuel efficient and that the addition expands the company’s presence in a key sector.

The company stated it has invested approximately $200 million in modern Capesize vessels since October 2023. Genco reported a fleet of 43 vessels with an average age of 12.7 years and aggregate capacity of about 4,628,000 dwt.

Genco Shipping & Trading (NYSE:GNK), the largest U.S. drybulk shipowner, has implemented a limited duration shareholder rights plan effective immediately through September 30, 2026. The plan aims to protect shareholders' long-term value by issuing one right per common stock share as of October 13, 2025.

The Rights Plan activates if any entity acquires 15% or more of GNK's common stock without Board approval, allowing other shareholders to purchase additional shares at a discount. The company's fleet consists of 43 vessels with an average age of 12.7 years and approximately 4,628,000 dwt capacity, focusing on global commodity transportation.