Diana Shipping trims Genco Shipping (GNK) stake after August share sales

Rhea-AI Filing Summary

GENCO SHIPPING & TRADING LTD (GNK) is the subject of an amended Schedule 13D filed by Diana Shipping Inc. Diana reports that, as of August 24, 2026, it may be deemed to beneficially own 5,064,548 GNK common shares, representing 11.62% of the outstanding shares, with sole voting and sole dispositive power over this stake.

The ownership percentage is based on 43,586,605 GNK shares outstanding as reported in GNK’s Form 10-Q filed on August 5, 2026. Diana also discloses a series of recent open-market sales on August 21 and August 24, 2026, in trade blocks ranging from 75,000 to 375,000 shares at average prices between approximately $26.50 and $27.22 per share.

Key Figures

Beneficially owned shares: 5,064,548 shares Ownership percentage: 11.62% Shares outstanding: 43,586,605 shares +3 more

6 metrics

Beneficially owned shares 5,064,548 shares Shares of GNK common stock beneficially owned by Diana Shipping Inc. as of August 24, 2026

Ownership percentage 11.62% Percentage of GNK outstanding common shares beneficially owned by Diana Shipping Inc.

Shares outstanding 43,586,605 shares GNK common shares outstanding as reported in Form 10-Q filed August 5, 2026

Open market sale block 375,000 shares at $26.59 GNK shares sold by Diana Shipping Inc. on August 21, 2026 in an open-market transaction

Open market sale block 375,000 shares at $26.74 GNK shares sold by Diana Shipping Inc. on August 24, 2026 in an open-market transaction

Sale price range example $26.835 to $27.16 per share Price range for one August 21, 2026 open-market GNK sale block of 75,000 shares

Key Terms

beneficially own, sole voting power, sole dispositive power, Schedule 13D, +1 more

5 terms

beneficially own financial

"may be deemed to beneficially own 5,064,548 Shares, representing approximately 11.62%"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"The Reporting Person has sole voting power and sole dispositive power over 5,064,548 Shares"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"The Reporting Person has sole voting power and sole dispositive power over 5,064,548 Shares"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"This Amendment No. 33 (this "Amendment") amends and supplements, to the extent set forth herein, the statement on"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

open market sales financial

"Transaction Date Transaction Type Number of Shares Purchase Price August 21, 2026 Open Market Sales"

FAQ

What percentage of GENCO SHIPPING & TRADING LTD (GNK) does Diana Shipping Inc. currently report owning?

Diana Shipping Inc. reports beneficial ownership of 11.62% of GENCO SHIPPING & TRADING LTD’s outstanding common shares, based on 43,586,605 shares outstanding as disclosed in GNK’s Form 10-Q filed on August 5, 2026.

How many GNK shares does Diana Shipping Inc. report beneficially owning?

Diana Shipping Inc. reports beneficial ownership of 5,064,548 GENCO SHIPPING & TRADING LTD common shares as of August 24, 2026, with sole voting and sole dispositive power over all of these shares.

What share count did GNK report as outstanding for calculating Diana Shipping’s 11.62% stake?

The 11.62% ownership figure is calculated using 43,586,605 GENCO SHIPPING & TRADING LTD common shares outstanding, as reported in GNK’s Quarterly Report on Form 10-Q filed with the SEC on August 5, 2026.

What recent GNK share sales by Diana Shipping Inc. are disclosed in this Schedule 13D/A amendment?

Diana Shipping Inc. discloses open-market sales of GNK shares on August 21 and August 24, 2026, in blocks of 75,000 and 375,000 shares, at average prices ranging from about $26.50 to $27.22 per share.

Does Diana Shipping Inc. have sole or shared voting and dispositive power over its GNK shares?

Diana Shipping Inc. reports sole voting power and sole dispositive power over all 5,064,548 GNK shares it beneficially owns, with no shared voting or dispositive power reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/25/2026 - 04:40 PM Accepted by SEC EDGAR 08/25/2026 - 04:40 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 33)

GENCO SHIPPING & TRADING LTD

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

Y2685T131

(CUSIP Number)

Mr. Ioannis Zafirakis
Pendelis 16, Palaio Faliro,
175 64, J3, 175 64
30-210-947-0100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/21/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): Y2685T131

1

Name of reporting person

Diana Shipping Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

BK, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MARSHALL ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,064,548.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,064,548.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,064,548.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.62 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

All reported shares are owned by Diana Shipping Inc. Calculated based on 43,586,605 shares of common stock, par value $0.01 per share, of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: GENCO SHIPPING & TRADING LTD
(c)	Address of Issuer's Principal Executive Offices: 299 PARK AVENUE, 12TH FLOOR, New York, NEW YORK , 10171.
Item 1 Comment: This Amendment No. 33 (this "Amendment") amends and supplements, to the extent set forth herein, the statement on Schedule 13D originally filed by Diana Shipping Inc. ("Diana" or the "Reporting Person") with the Securities and Exchange Commission (the "SEC") on July 17, 2025 (and amended on July 31, 2025, September 30, 2025, November 24, 2025, January 13, 2026, January 16, 2026, March 10, 2026, March 23, 2026, April 13, 2026, May 4, 2026, May 7, 2026, May 12, 2026, May 18, 2026, May 19, 2026, May 27, 2026, May 28, 2026, June 1, 2026, June 2, 2026, June 4, 2026, June 8, 2026, June 9, 2026, June 11, 2026, June 15, 2026, June 16, 2026, June 17, 2026, June 18, 2026, June 29, 2026, June 30, 2026, July 8, 2026, July 13, 2026, July 27, 2026, August 10, and August 17, 2026) in respect of the Common Shares of the Issuer. Except as expressly provided herein, this Amendment does not modify the information previously reported on the Current Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the meaning ascribed to them in the Current Schedule 13D. This Amendment relates to the shares of common stock (the "Shares"), par value $0.01 per share, of Genco Shipping & Trading Limited, a Marshall Islands corporation (the "Issuer").
Item 5.	Interest in Securities of the Issuer
(a)	As of August 24, 2026, the Reporting Person may be deemed to beneficially own 5,064,548 Shares, representing approximately 11.62% of the outstanding Shares of the Issuer. The foregoing beneficial ownership percentage is based on a total of 43,586,605 Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2026.
(b)	The Reporting Person has sole voting power and sole dispositive power over 5,064,548 Shares, representing approximately 11.62% of the Issuer's outstanding Shares.
(c)	Other than as set forth below, the Reporting Person has not effected any transactions in the Shares in the last sixty days. Transaction Date Transaction Type Number of Shares Purchase Price August 21, 2026 Open Market Sales 75,000 $ 26.93 (1) August 21, 2026 Open Market Sales 375,000 $ 26.59 (2) August 24, 2026 Open Market Sales 75,000 $ 27.22 (3) August 24, 2026 Open Market Sales 75,000 $ 26.94 (4) August 24, 2026 Open Market Sales 75,000 $ 26.65 (5) August 24, 2026 Open Market Sales 75,000 $ 26.54 (6) August 24, 2026 Open Market Sales 75,000 $ 26.50 (7) August 24, 2026 Open Market Sales 375,000 $ 26.74 (8) 1. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.835 to $27.16, inclusive. 2. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.29 to $26.735, inclusive. 3. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $27.135 to $27.50, inclusive. 4. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.85 to $27.24, inclusive. 5. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.54 to $26.96, inclusive. 6. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $26.71, inclusive. 7. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $26.575, inclusive. 8. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $26.5 to $27.235, inclusive.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Diana Shipping Inc.

Signature:	/s/ Ioannis Zafirakis
Name/Title:	Ioannis Zafirakis, Authorized Representative
Date:	08/25/2026