Genco Shipping & Trading Limited announced it will hold a conference call to discuss its financial results for the second quarter of 2026. The call is scheduled for Thursday, August 6, 2026, at 8:30 a.m. Eastern Time and will include a slide presentation. The company plans to issue its financial results for the quarter ended June 30, 2026, on Wednesday, August 5, 2026, after the close of market trading.

Conference Call Details

The event will be broadcast live over the Internet. Participants must register via the provided link to receive dial-in instructions. The company recommends dialing in at least 10 minutes before the start time to ensure a prompt beginning. A replay of the call will be available on the company’s website.

Company Overview

Genco Shipping & Trading Limited is a U.S.-based drybulk ship owning company focused on the seaborne transportation of commodities globally. The company transports key cargoes such as iron ore, coal, grain, steel products, bauxite, cement, and nickel ore. Its fleet consists of 43 vessels with an average age of 12.6 years and an aggregate capacity of approximately 4,935,000 dwt. The fleet includes Newcastlemax, Capesize, Ultramax, and Supramax vessels.

Genco Shipping & Trading Limited has rejected a cash tender offer from Diana Shipping Inc. valued at $24.80 per share, stating the price significantly undervalues the company and its assets. The Board of Directors determined the offer remains well below Genco's net asset value (NAV) and does not include any control premium. Genco cautioned its shareholders not to tender their shares into the current offer, emphasizing that the $24.80 per share cash price is the only amount available through the tender process.

Diana Shipping Inc. has taken two separate actions regarding Genco. The first is the cash tender offer for $24.80 per share. The second is an indicative, non-binding proposal to acquire Genco for consideration consisting of $24.80 in cash and one share of Diana stock. Genco noted that Diana has not updated its tender offer materials to align with the terms of this separate proposal despite promises to file an amended tender offer statement on Schedule TO and a registration statement on Form F-4 since June 17.

Genco's Board is reviewing the separate, indicative, non-binding proposal in accordance with its fiduciary duties. The review considers Genco's continued strong performance and current and anticipated market conditions. The Board remains committed to maximizing shareholder value and taking actions it believes are in the best interests of all Genco shareholders.

Jefferies LLC is acting as financial advisor to Genco. Herbert Smith Freehills Kramer (US) LLP and Sidley Austin LLP are serving as legal counsel. Morgan Stanley & Co. LLC is acting as special advisor to the Board of Directors.

Key Details of Diana's Actions

Genco Shipping & Trading Limited is a U.S. based drybulk ship owning company focused on the seaborne transportation of commodities globally. Its fleet consists of 43 vessels with an average age of 12.6 years and an aggregate capacity of approximately 4,935,000 dwt.