Diana Shipping has increased its stake in Genco Shipping & Trading to approximately 15%, reportedly becoming the company’s largest shareholder.
A relevant SEC-filing reads:
“During the period of April 23, 2025 through September 29, 2025, the Reporting Person acquired the Shares reported in this Schedule 13D/A in open market transactions using its working capital for an aggregate consideration of $103,523,853.62. […]
According to information provided by the Issuer in its Current Report on Form 10-Q filed by the Issuer on August 6, 2025 the Issuer had 42,959,464 Shares outstanding as of August 6, 2025. Based on the foregoing, the Reporting Person is the record holder of 6,413,151 Shares representing 14.93% of the Issuer’s issued and outstanding Shares.
As of the date of this filing the Reporting Person has the sole power to vote or direct the vote of 6,413,151 Shares and has the shared power to vote or direct the vote of 0 Shares…“.
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