Diana Shipping Gives Up on Buying Genco, Asks for Two Board Seats Instead

Diana Shipping abandoned its attempt to buy Genco Shipping on June 8, 2026, after Genco's board rejected every offer over seven months. Diana, owning nearly 15% of Genco, had raised its price from $20.60 to $24.80 per share. Now Diana wants just two of Genco's board seats — down from six.