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SCHEDULE 13D/A Filed 2026-04-13 Event 2026-04-13 Intent: UNCLEAR SEC 0000919574-26-002215 →

DIANA SHIPPING INC. GENCO SHIPPING & TRADING LTD GNK

Stake: 14.80% Shares: 6,413,151 CUSIP: Y2685T131 Class: Common Stock, par value $0.01 per share
AI Analyst Brief conf: low
Diana Shipping filed a 13D/A on Genco Shipping with a 6.4M share stake (~6% range), but purpose field is blank and this is Diana's first 13D/G activity in 90 days with no disclosed agenda — two dry bulk shipping peers where consolidation or a strategic push is plausible but unconfirmed. Short interest ticked up 8.3% recently, suggesting the market is not pricing in a clear catalyst.

Item 4 — Purpose of Transaction

Item 4 of the Current Schedule 13D is hereby amended and supplemented to add the following: As previously disclosed in Amendment No. 6 and Amendment No. 7, on March 6, 2026, the Reporting Person submitted an updated non-binding proposal (the "Revised Proposal") to the Issuer's Board of Directors to acquire all of the issued and outstanding Shares not already owned by the Reporting Person for cash consideration of US$23.50 per share (the "Proposed Transaction"), and on March 19, 2026, the Issuer issued a press release stating that its Board of Directors had rejected the Revised Proposal. On April 13, 2026, the Reporting Person delivered to the Issuer a draft merger agreement in respect of the Proposed Transaction (the "Proposed Merger Agreement"). A copy of the Proposed Merger Agreement is attached hereto as Exhibit N.

Cross-References

Insider Activity (last 365d)
8 transactions
6 buys · 0 sales · 2 awards/exercises
Issuer Cluster
21 13D/G filings on this issuer
20 other filings besides this one
Filer Track Record
9 filings by this filer
8 other filings in the data moat
Short Interest · settle 2026-07-15
DTC 4.40
1,194,294 shares short · -14.6% vs prior

Post-Filing Returns · since 2026-04-13 on GNK

+1 day
-0.5%
+5 days
+1.0%
+30 days
+4.5%
+60 days
+4.5%
+90 days
+5.8%
+180 days

Anchor price 23.95 on closest trading day on/after 2026-04-13. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

DateInsiderRoleTypeSharesPriceValue
2026-06-18 Orsel Karin Y director Award 5,545
2026-06-18 HAINES KATHLEEN C director Award 2,054
2026-06-18 HAINES KATHLEEN C director Award 5,545
2026-06-18 Das Paramita director Option exercise 9,554
2026-06-18 Das Paramita director Option exercise 9,554.27
2026-06-18 Das Paramita director Award 5,545
2026-06-18 REGAN ARTHUR L director Award 5,545
2026-06-18 MAVROLEON BASIL G director Award 5,545

Other 13D/G Filings on GENCO SHIPPING & TRADING LTD

FiledFormFilerStakeShares
2026-01-13 SCHEDULE DIANA SHIPPING INC. 14.80% 6,413,151 view →
2025-11-24 SCHEDULE DIANA SHIPPING INC. 14.80% 6,413,151 view →
2025-09-30 SCHEDULE DIANA SHIPPING INC. 14.93% 6,413,151 view →
2025-07-31 SCHEDULE DIANA SHIPPING INC. 9.99% 4,291,292 view →
2024-01-10 SC GK Investor LLC view →
2022-10-04 SC CCP II Cayman GP Ltd. view →
2022-08-12 SC CCP II Cayman GP Ltd. view →
2021-08-19 SC Centerbridge Credit Partners, L.P. view →
2021-08-16 SC Centerbridge Credit Partners, L.P. view →
2021-05-20 SC Centerbridge Credit Partners, L.P. view →
2021-05-12 SC Centerbridge Credit Partners, L.P. view →
2021-03-29 SC Centerbridge Credit Partners, L.P. view →
2021-03-11 SC Apollo Management Holdings GP, LLC view →
2021-02-03 SC Centerbridge Credit Partners, L.P. view →
2021-01-13 SC Strategic Value Partners, LLC view →
2021-01-11 SC Centerbridge Credit Partners, L.P. view →
2020-12-16 SC Strategic Value Partners, LLC view →
2020-12-15 SC Apollo Management Holdings GP, LLC view →
2018-04-09 SC Strategic Value Partners, LLC view →
2018-02-06 SC Centerbridge Credit Partners, L.P. view →

Other Filings by DIANA SHIPPING INC.

FiledFormIssuerStakeShares
2026-01-13 SCHEDULE GENCO SHIPPING & TRADING LTD GNK 14.80% 6,413,151 view →
2025-11-24 SCHEDULE GENCO SHIPPING & TRADING LTD GNK 14.80% 6,413,151 view →
2025-09-30 SCHEDULE GENCO SHIPPING & TRADING LTD GNK 14.93% 6,413,151 view →
2025-08-01 SCHEDULE OceanPal Inc. SVRN 3.29% 4,551,434 view →
2025-07-31 SCHEDULE GENCO SHIPPING & TRADING LTD GNK 9.99% 4,291,292 view →
2023-10-17 SC OceanPal Inc. SVRN view →
2023-10-06 SC OceanPal Inc. SVRN view →
2023-03-02 SC OceanPal Inc. SVRN view →

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