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Price per share at the end of the period divided by the last reported earnings

Free Cash Flow

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.

Genco Shipping & Trading Limited

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's revenue

Revenue Growth

Assessment of recent increases in earnings per share, indicating profitability

EPS Growth

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FCF Growth

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Examination of debt levels using Debt/Assets and Debt/EBITDA to ensure manageable leverage

Debt

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.

GENCO SHIPPING & TRADING LIMITED ISSUES STATEMENT IN RESPONSE TO EXPIRATION OF DIANA SHIPPING'S TENDER OFFER

OFFER OF $27.34 PER SHARE, COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE, REMAINS ON THE TABLE GENCO'S CHARACTERIZATION OF ADVISOR ENGAGEMENT TO DISCUSS THE PRICE, TERMS AND STRUCTURE OF DIANA'S PROPOSAL IS FALSE MORE THAN FIVE WEEKS AFTER DIANA'S MOST RECENT OFFER, THE GENCO BOARD CONTINUES TO USE STALL TACTICS TO AVOID REAL ENGAGEMENT DIANA TERMINATES TENDER OFFER TO ELIMINATE GENCO'S LATEST EXCUSE FOR FAILING TO ENGAGE SUBSTANTIVELY ATHENS, GREECE, JULY 27, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY RESPONDED TO GENCO'S FALSE AND MISLEADING JULY 23 NEWS RELEASE, WHICH CLAIMED THAT GENCO'S ADVISORS HAD "ENGAGED WITH DIANA'S ADVISORS ON MULTIPLE OCCASIONS IN RECENT WEEKS TO DISCUSS THE PRICE, TERMS AND STRUCTURE OF DIANA'S PROPOSAL." DIANA ALSO ANNOUNCED THAT ITS TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF GENCO NOT ALREADY OWNED BY DIANA EXPIRED ON JULY 24, 2026, AT 5:00 P.M.

DIANA SHIPPING INC. URGES GENCO SHIPPING & TRADING TO STOP MISLEADING INVESTORS AND ENGAGE IN GOOD FAITH NEGOTIATIONS

GENCO'S ADVISORS ENGAGED WITH DIANA'S ADVISORS AS PART OF THE BOARD'S ONGOING REVIEW GENCO'S BOARD IS COMMITTED TO MAXIMIZING SHAREHOLDER VALUE NEW YORK, JULY 23, 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 PROVIDED AN UPDATE ON ITS BOARD OF DIRECTORS' REVIEW OF THE REVISED, NON-BINDING INDICATIVE PROPOSAL OF DIANA SHIPPING INC. (DIANA) TO ACQUIRE ALL OUTSTANDING COMMON SHARES OF GENCO NOT ALREADY OWNED BY DIANA FOR CONSIDERATION CONSISTING OF $24.80 PER SHARE IN CASH AND ONE DIANA SHARE. THE COMPANY ISSUED THE FOLLOWING STATEMENT: GENCO'S BOARD IS COMMITTED TO MAXIMIZING SHAREHOLDER VALUE.

GENCO SHIPPING & TRADING LIMITED BOARD OF DIRECTORS PROVIDES UPDATE ON REVIEW OF DIANA SHIPPING'S REVISED, NON-BINDING INDICATIVE PROPOSAL

NEW YORK, JULY 14, 2026 (GLOBE NEWSWIRE) -- GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) ANNOUNCED TODAY THAT IT WILL HOLD A CONFERENCE CALL TO DISCUSS THE COMPANY'S RESULTS FOR THE SECOND QUARTER OF 2026 ON THURSDAY, AUGUST 6, 2026 AT 8:30 A.M. EASTERN TIME. THE CONFERENCE CALL WILL ALSO BE BROADCAST LIVE OVER THE INTERNET AND INCLUDE A SLIDE PRESENTATION. THE COMPANY WILL ISSUE FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026 ON WEDNESDAY, AUGUST 5, 2026 AFTER THE CLOSE OF MARKET TRADING.

GENCO SHIPPING & TRADING LIMITED ANNOUNCES SECOND QUARTER 2026 CONFERENCE CALL AND WEBCAST

DIANA STILL HAS NOT UPDATED ITS TENDER OFFER MATERIALS TO ALIGN TERMS WITH INDICATIVE, NON-BINDING PROPOSAL NEW YORK, JULY 13, 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 EXTENSION BY DIANA SHIPPING INC. (DIANA) OF ITS INADEQUATE TENDER OFFER TO ACQUIRE ALL OUTSTANDING COMMON SHARES OF GENCO NOT ALREADY OWNED BY DIANA FOR $24.80 PER SHARE IN CASH: DIANA HAS ONCE AGAIN EXTENDED ITS INADEQUATE TENDER OFFER FOR $24.80 PER SHARE IN CASH. OURBOARD OF DIRECTORS PREVIOUSLY REVIEWED AND UNANIMOUSLY REJECTED THIS OFFER, DETERMINING THAT IT CONTINUED TO MEANINGFULLY UNDERVALUE THE COMPANY AND ITS ASSETS, REMAINED WELL BELOW GENCO'S NET ASSET VALUE (NAV) AND DID NOT INCLUDE ANY CONTROL PREMIUM.

GENCO SHIPPING & TRADING LIMITED COMMENTS ON EXTENSION OF $24.80 PER SHARE TENDER OFFER BY DIANA SHIPPING

TENDER OFFER IS FOR ONLY $24.80 PER SHARE IN CASH CAUTIONS SHAREHOLDERS NOT TO TENDER INTO $24.80 PER SHARE TENDER OFFER NEW YORK, JULY 08, 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 PENDING TENDER OFFER BY DIANA SHIPPING INC. (DIANA): WE ARE DISMAYED BY DIANA'S CONTINUED MISLEADING DISCLOSURES REGARDING ITS TENDER OFFER, AND WE CAUTION GENCO SHAREHOLDERS NOT TO TENDER THEIR SHARES INTO DIANA'S TENDER OFFER. TO SET THE RECORD STRAIGHT, DIANA HAS TAKEN TWO SEPARATE AND FULLY DISTINCT ACTIONS: A TENDER OFFER FORONLY $24.80 PER SHARE IN CASH.

GENCO SHIPPING & TRADING LIMITED COMMENTS ON DIANA SHIPPING INC.'S MISLEADING TENDER OFFER DISCLOSURES

DIANA'S $24.80 TENDER OFFER CONTINUES TO UNDERVALUE GENCO AND ITS ASSETS AND FAILS TO PROVIDE A CONTROL PREMIUM NEW YORK, JUNE 29, 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 DIANA SHIPPING INC.'S (DIANA) EXTENSION OF ITS INADEQUATE TENDER OFFER TO ACQUIRE ALL OUTSTANDING COMMON SHARES OF GENCO NOT ALREADY OWNED BY DIANA FOR $24.80 PER SHARE IN CASH: DIANA'S PRESS RELEASE THIS MORNING REPRESENTS YET MORE GAMESMANSHIP AND AN ATTEMPT TO CONFUSE GENCO SHAREHOLDERS. THE PRESS RELEASE TOUTS A CASH AND STOCK OFFER, BUT THE TENDER OFFER DIANA IS EXTENDING IS ONLY FOR $24.80 PER SHARE IN CASH.

GENCO SHIPPING & TRADING LIMITED RESPONDS TO DIANA SHIPPING EXTENDING ITS INADEQUATE $24.80 UNSOLICITED TENDER OFFER

RESULTS REFLECT STRONG SUPPORT FOR GENCO BOARD OF DIRECTORS AND ONGOING EXECUTION OF GENCO'S COMPREHENSIVE VALUE STRATEGY

GENCO SHIPPING & TRADING LIMITED SHAREHOLDERS OVERWHELMINGLY RE-ELECT ALL GENCO DIRECTOR NOMINEES AT 2026 ANNUAL MEETING

GENCO'S ANNUAL MEETING TO CONVENE AS SCHEDULED ON JUNE 18, 2026 NEW YORK, JUNE 17, 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 REVISED UNSOLICITED, INDICATIVE NON-BINDING PROPOSAL FROM DIANA SHIPPING INC. (DIANA): THE GENCO BOARD IS COMMITTED TO MAXIMIZING SHAREHOLDER VALUE AND WILL CAREFULLY REVIEW THE REVISED PROPOSAL FROM DIANA, IN CONSULTATION WITH ITS FINANCIAL AND LEGAL ADVISORS. THE BOARD WILL CONTINUE TAKING THE COURSE OF ACTION THAT IS IN THE BEST INTERESTS OF GENCO AND ALL OF ITS SHAREHOLDERS.

GENCO SHIPPING & TRADING LIMITED CONFIRMS RECEIPT OF REVISED OFFER FROM DIANA SHIPPING INC.

THE DEADLINE TO VOTE IS TODAY AT 11:59 PM ET GENCO URGES SHAREHOLDERS TO FOLLOW RECOMMENDATIONS OF ALL THREE PROXY ADVISORY FIRMS  ISS, GLASS LEWIS AND EGAN-JONES  TO VOTE FOR GENCO'S HIGHLY QUALIFIED DIRECTOR NOMINEES VOTING INFORMATION IS AVAILABLE AT WWW.GENCODRIVESSUPERIORRETURNS.COM NEW YORK, JUNE 17, 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 REMINDS SHAREHOLDERS TO PROTECT THEIR GENCO INVESTMENTS AND GET THEIR VOTES IN ON THE WHITE PROXY CARD AHEAD OF THE 11:59 PM ET VOTING DEADLINE. GENCO ALSO ISSUED THE FOLLOWING STATEMENT: THE DEADLINE TO GET YOUR VOTE COUNTED IS TONIGHT, SO THIS IS YOUR LAST CHANCE TO TAKE ACTION AND VOTE BEFORE IT IS TOO LATE.

GENCO SHIPPING & TRADING LIMITED REMINDS SHAREHOLDERS TO VOTE TODAY

LEADING PROXY ADVISORY FIRMS  ISS, GLASS LEWIS AND EGAN-JONES  ALL SUPPORT REELECTION OF GENCO'S FULL BOARD, WHO CONTINUE TO DELIVER SUPERIOR SHAREHOLDER VALUE IN A STRENGTHENING DRYBULK MARKET

GENCO SHIPPING & TRADING LIMITED URGES SHAREHOLDERS TO VOTE FOR ITS HIGHLY QUALIFIED DIRECTORS AT JUNE 18TH ANNUAL MEETING

ADDITIONAL INFORMATION AVAILABLE AT WWW.GENCODRIVESSUPERIORRETURNS.COM NEW YORK, JUNE 11, 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 ITS BOARD OF DIRECTORS MADE THE FOLLOWING COMMITMENTS WITH RESPECT TO GENCO'S SHAREHOLDERS RIGHTS AGREEMENT (THE RIGHTS AGREEMENT), WHICH WAS ENTERED INTO IN 2025 FOLLOWING THE RAPID ACCUMULATION OF GENCO'S STOCK BY DIANA SHIPPING INC. (DIANA): THE BOARD WILL REGULARLY REVIEW THE RIGHTS AGREEMENT AND CONSIDER WHETHER THE FACTS AND CIRCUMSTANCES AT THE TIME MERIT MAINTAINING OR TERMINATING THE RIGHTS AGREEMENT. ANY EXTENSION OF THE RIGHTS AGREEMENT FOLLOWING SHAREHOLDER APPROVAL WILL NOT EXTEND THE RIGHTS AGREEMENT FOR MORE THAN 12 MONTHS BEYOND ITS TERM, WHICH IS A SHORTER PERIOD THAN THE THREE YEARS PROPOSED BY THE RESOLUTION THAT IS UP FOR VOTE AT THE ANNUAL MEETING.

GENCO SHIPPING & TRADING LIMITED BOARD OF DIRECTORS PROVIDES FIRM COMMITMENTS FOR FUTURE TREATMENT OF SHAREHOLDERS RIGHTS AGREEMENT

VOTE FOR ALL OF GENCO'S HIGHLY QUALIFIED DIRECTORS IN LINE WITH RECOMMENDATIONS OF THREE PROXY ADVISORY FIRMS GENCO'S BOARD OF DIRECTORS IS DELIVERING SUPERIOR RETURNS AND VALUE TO SHAREHOLDERS THROUGH EXECUTION OF GENCO'S COMPREHENSIVE VALUE STRATEGY ADDITIONAL INFORMATION AVAILABLE AT WWW.GENCODRIVESSUPERIORRETURNS.COM NEW YORK, JUNE 10, 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 MAILED A COMMUNICATION TO SHAREHOLDERS URGING THEM TO VOTE FOR ALL OF GENCO'S HIGHLY QUALIFIED DIRECTORS ON THE WHITE PROXY CARD AND WITHHOLD ON BOTH OF DIANA SHIPPING INC.'S (DIANA) HANDPICKED NOMINEES. GENCO ISSUED THE FOLLOWING STATEMENT: GENCO'S ANNUAL MEETING IS FAST APPROACHING, AND TO PROTECT YOUR INVESTMENT, WE ENCOURAGE SHAREHOLDERS TO VOTE THE WHITE PROXY CARD TODAY.

GENCO SHIPPING & TRADING LIMITED URGES SHAREHOLDERS TO VOTE TODAY

DIANA'S LATEST ACTIONS REPRESENT LAST-DITCH ATTEMPT TO GAIN INFLUENCE OVER GENCO'S BOARD AND ACQUIRE GENCO ON THE CHEAP

GENCO SHIPPING & TRADING LIMITED RESPONDS TO DIANA SHIPPING'S WITHDRAWAL OF DIRECTOR NOMINATIONS

DECISION TO WITHDRAW FOUR NOMINEES REFLECTS DIANA'S COMMITMENT TO PROVIDING SHAREHOLDERS AN OPPORTUNITY TO AFFECT MEANINGFUL CHANGE ON THE GENCO BOARD ISMAR AND CORNELL BRING A FRESH PERSPECTIVE TO THE GENCO BOARD WITH DECADES OF PROVEN EXPERIENCE AS SEASONED DRYBULK EXECUTIVES AND BOARD MEMBERS CALLS ON GENCO SHAREHOLDERS TO VOTE THE GOLD UNIVERSAL PROXY CARD "FOR" JENS ISMAR AND PAUL CORNELL AND "WITHHOLD" ON GENCO NOMINEES BASIL G. MAVROLEON AND ARTHUR L.

DIANA SHIPPING INC. FOCUSES PROXY CONTEST ON ELECTION OF JENS ISMAR AND PAUL CORNELL TO GENCO SHIPPING & TRADING BOARD

BOARD URGES SHAREHOLDERS TO VOTE FOR ALL OF GENCO'S HIGHLY QUALIFIED AND EXPERIENCED DIRECTORS ON THE WHITE PROXY CARD TODAY  AND WITHHOLD ON DIANA'S NOMINEES IN LINE WITH ALL THREE INDEPENDENT PROXY ADVISORS' RECOMMENDATIONS

GENCO SHIPPING & TRADING LIMITED ANNOUNCES LEADING PROXY ADVISOR ISS JOINS GLASS LEWIS AND EGAN-JONES IN RECOMMENDING SHAREHOLDERS VOTE FOR ALL OF GENCO'S DIRECTOR NOMINEES

FEATURES KEY COMMENTARY FROM DIANA AND STAR BULK ON THEIR PROPOSED TRANSACTION AND MARKET CONDITIONS THE VIDEO AND INFORMATION ON HOW TO VOTE THE WHITE PROXY CARD ARE AVAILABLE AT WWW.GENCODRIVESSUPERIORRETURNS.COM NEW YORK, JUNE 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 SHARED A VIDEO HIGHLIGHTING KEY COMMENTARY FROM DIANA SHIPPING INC. (DIANA) AND STAR BULK RELATED TO DIANA'S INADEQUATE OFFER TO ACQUIRE GENCO ON THE CHEAP AND THE STRENGTH OF THE DRYBULK MARKET. GENCO ISSUED THE FOLLOWING STATEMENT: GENCO IS WELL POSITIONED TO DELIVER SUPERIOR RETURNS AND VALUE TO SHAREHOLDERS IN A STRENGTHENING DRYBULK MARKET THROUGH THE CONTINUED EXECUTION OF ITS SUCCESSFUL COMPREHENSIVE VALUE STRATEGY.

GENCO SHIPPING & TRADING LIMITED SHARES VIDEO HIGHLIGHTING DIANA SHIPPING'S ATTEMPT TO ACQUIRE GENCO ON THE CHEAP

BOARD URGES SHAREHOLDERS TO FOLLOW GLASS LEWIS AND EGAN-JONES' RECOMMENDATION AND VOTE FOR ALL OF GENCO'S HIGHLY QUALIFIED AND EXPERIENCED DIRECTORS ON THE WHITE PROXY CARD TODAY  AND WITHHOLD ON DIANA'S NOMINEES

GENCO SHIPPING & TRADING LIMITED HIGHLIGHTS RECOMMENDATIONS FROM LEADING INDEPENDENT PROXY ADVISORY FIRMS GLASS LEWIS AND EGAN-JONES THAT SHAREHOLDERS VOTE FOR ALL OF GENCO'S DIRECTOR NOMINEES

DIANA HAS CONSISTENTLY OFFERED APPROXIMATELY 1.0X NAV BASED ON THE SAME BROKER VALUATION SOURCE GENCO ITSELF USED FOR FIVE YEARS GENCO HAS NOW MOVED THE GOALPOSTS BY ADOPTING A NEW METHODOLOGY IT HAS NEVER PREVIOUSLY USED TO FURTHER ENTRENCH ITSELF AND AVOID ENGAGEMENT GENCO'S DEMAND FOR A CONTROL PREMIUM ON TOP OF INFLATED NAV ESTIMATES IS INCONSISTENT WITH HOW PUBLICLY TRADED SHIPPING COMPANIES ARE TRADING AND HOW COMPARABLE TRANSACTIONS HAVE BEEN PRICED DIANA CALLS ON GENCO TO AGREE TO AN INDEPENDENT VALUATION PROCESS, REMOVE ITS POISON PILL AND ALLOW GENCO SHAREHOLDERS TO DECIDE FOR THEMSELVES WHETHER TO ACCEPT THE OFFER ATHENS, GREECE, JUNE 04, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ADDRESSED GENCO'S CONTINUED USE OF SHIFTING VALUATION STANDARDS AS A PRETEXT FOR AVOIDING ENGAGEMENT WITH DIANA'S FULLY FINANCED, ALL-CASH OFFER OF $24.80 PER SHARE. DIANA HAS CONSISTENTLY OFFERED TO ACQUIRE GENCO AT APPROXIMATELY 1.0X ITS NAV, CALCULATED BASED ON THE SAME VESSELSVALUE BROKER VALUATIONS GENCO ITSELF USED FOR MORE THAN FIVE YEARS, INCLUDING FOR PURPOSES OF CALCULATING THE MARKET VALUE OF GENCO'S FLEET IN ITS Q4 2025 EARNINGS PRESENTATION PUBLISHED IN FEBRUARY 2026, WHICH IS STILL AVAILABLE ON GENCO'S WEBSITE.

DIANA SHIPPING INC. CHALLENGES GENCO SHIPPING & TRADING'S REPEATED EFFORTS TO AVOID ENGAGEMENT BY SHIFTING ITS OWN VALUATION METHODOLOGY

DIANA'S HANDPICKED NOMINEES POSE SIGNIFICANT RISKS FOR GENCO SHAREHOLDERS' INVESTMENT GENCO BOARD RECOMMENDS SHAREHOLDERS NOT TENDER THEIR SHARES IN DIANA'S OFFER VOTE FOR GENCO'S HIGHLY QUALIFIED NOMINEES  PROVEN STEWARDS OF YOUR INVESTMENT ADDITIONAL INFORMATION AVAILABLE AT WWW.GENCODRIVESSUPERIORRETURNS.COM NEW YORK, JUNE 03, 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 SENT A LETTER TO GENCO SHAREHOLDERS DETAILING WHY GENCO'S BOARD OF DIRECTORS IS BEST POSITIONED TO DELIVER SUPERIOR RETURNS AND CREATE SHAREHOLDER VALUE. GENCO ALSO ISSUED THE FOLLOWING STATEMENT: GENCO'S BOARD OF DIRECTORS ARE THE ARCHITECTS OF THE COMPANY'S COMPREHENSIVE VALUE STRATEGY, WHICH HAS BEEN DELIVERING COMPELLING AND GROWING DIVIDENDS AND SUPERIOR VALUE TO SHAREHOLDERS.

GENCO SHIPPING & TRADING LIMITED SENDS LETTER TO SHAREHOLDERS DETAILING GENCO BOARD OF DIRECTORS' STRONG POSITION TO CONTINUE GENERATING SUPERIOR VALUE

Genco Shipping & Trading Limited

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Genco Shipping & Trading Limited

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