Genco Shipping & Trading (GNK) urged shareholders to vote for Genco's directors; withhold on Diana Shipping Inc.'s nominees; and for the Genco Board's recommendations on other proposals. The deadline to vote is June 17, 2026. The company said Diana's offer is not in the best interests of Genco shareholders, and urged shareholders not to tender their shares into their inadequate offer.
The company noted that leading advisory firms — ISS, Glass Lewis and Egan-Jones — have all supported the reelection of Genco's Board. The proxy advisory firms also recommended shareholders withhold on Diana's nominees, concluded that change is not warranted at Genco.
In pre-market trading on NYSE, Genco shares are up 0.33 percent to $24.14.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.