The Greek company Diana Shipping, which has a fleet made up of 36 bulk carriers including two units not yet taken over, submitted to the board of directors of the U.S. Genco Shipping & Trading Limited, of which it owns 14.8% of the capital, an offer for the acquisition of non- still in his possession. The proposal is based on the price of $20.60 cash per share of Genco, value which represents a premium of 15% over the closing price of Friday's shares on the New York Stock Exchange, market at the which is also listed on Diana Shipping, and which provides for a total investment of approximately 758 million dollars for acquire the remaining 85.2% of Genco's share capital.

Currently, Genco's fleet consists of 43 ships bulk carriers, of which 17 Capesize and 26 Ultramax/Supramax.