Acquiring Company
Diana Shipping
Acquired Company
Genco Shipping & Trading Limited
New YorkmaritimeOtherManufacturingTransportationLogisticsDescription
Diana Shipping has raised its cash offer for Genco Shipping & Trading to $23.50 per share, a significant increase from the previous bid of $20.60. As part of the deal, Star Bulk Carriers will acquire 16 vessels from Diana once the takeover closes. Diana holds approximately 14.8% of Genco and is seeking to enhance its fleet through this acquisition.
Quick answer
Diana Shipping is acquiring Genco Shipping & Trading Limited, announced March 8, 2026.
- How much did Diana Shipping pay for Genco Shipping & Trading Limited?
- The deal value was not disclosed.
- What does Diana Shipping do?
- Diana Shipping Inc. is a global shipping transportation company based in Athens, Greece, specializing in the ownership and bareboat charter-in of dry bulk vessels.
- Where are Diana Shipping and Genco Shipping & Trading Limited based?
- Genco Shipping & Trading Limited is based in New York, New York, United States.
- Who are the decision-makers at Diana Shipping?
- Fundz holds 3 contacts at Diana Shipping. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in maritime and Transportation
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Norfolk Southern merges with Union Pacific for growth (February 15, 2026)
- Lockwood acquires West Transport Group for growth (April 22, 2026)
- DQS Solutions acquires Comprehensive Logistics (April 22, 2026)
- Ecolab to acquire Frigeo Holdings for $4.75b, $4.8B (April 17, 2026)
- Nippon Express to acquire Metro Supply Chain soon (April 17, 2026)
- Kriska Transportation Group acquires Sharp Systems (April 14, 2026)
Who to call at Diana Shipping, and when
When Diana Shipping changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Diana Shipping raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Diana Shipping, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Genco Shipping & Trading Limited?
Genco Shipping & Trading Limited was acquired by Diana Shipping. The deal was reported on March 8, 2026. Diana Shipping Inc. is a global shipping transportation company based in Athens, Greece, specializing in the ownership and bareboat charter-in of dry bulk vessels. Diana Shipping is publicly traded (DSX) and operates in maritime.
When did Diana Shipping acquire Genco Shipping & Trading Limited?
Diana Shipping's acquisition of Genco Shipping & Trading Limited was reported on March 8, 2026. Diana Shipping has raised its cash offer for Genco Shipping & Trading to $23.50 per share, a significant increase from the previous bid of $20.60. As part of the deal, Star Bulk Carriers will acquire 16 vessels from Diana once the takeover closes. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Genco Shipping & Trading Limited do?
Genco Shipping & Trading Limited is a U.S. based drybulk ship owning company focused on the seaborne transportation of commodities globally. It is publicly traded (GNK), operating in Other, and is based in New York.
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