GNK · Genco Shipping & Trading Ltd

Offer Continues to Undervalue Genco’s Assets and Business and Fails to Provide Control Premium for Its Leading Drybulk Platform Genco Has Strong Momentum and Is Well Positioned to Continue Delivering Superior Value and Returns to Shareholders Board Recommends Shareholders NOT Tender Their Shares Into Diana’s Revised Offer Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) - Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that its Board of Directors unanimously rejected the revised unsolicited tender offer (the “Offer”) from Diana Shipping Inc. (“Diana”) to acquire all outstanding common shares of Genco not already owned by Diana for $24.80 per share in cash. Notwithstanding this rejection of the Offer, Genco’s Board reiterates its willingness to meet again with Diana if and when

Shareholders Do Not Need to Take Action at This Time NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) - Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today confirmed that Diana Shipping, Inc. (NYSE: DSX) has announced a revised tender offer to acquire all outstanding common shares of Genco not already owned by Diana at a price of $24.80 per share in cash. Genco’s Board of Directors, in consultation with its financial and legal advisors, will carefully review and evaluate the revised tender offer to determine the course of action that it believes is in the best interests of the Company and all shareholders, consistent with the Board’s fiduciary duties. As previously disclosed, the Genco Board has reviewed and unanimously rejected prior proposals from Diana, including proposals at $20.60 and $23.50 per share and a prior tender offer at the same $23.50 per-share

Diana Continues to Spread Misinformation to Shareholders in Pursuit of Its Agenda to Take Control of Genco on the Cheap Protect Your Investment and Future Returns — Vote the WHITE Proxy Card FOR Genco’s Highly Qualified Board of Directors — and WITHHOLD on Diana’s Nominees Genco Reminds Shareholders Not to Tender Their Shares into Diana’s Inadequate Tender Offer Presentation and Information on How to Vote Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) - Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today released a presentation setting the record straight on the numerous inaccurate statements in the May 19, 2026 investor presentation of Diana Shipping Inc. (“Diana”). Genco’s presentation can be found at www.GencoDrivesSuperiorReturns.com . Genco issued the following statement: Diana’s May 19 investor

Highlights Genco’s Proven Comprehensive Value Strategy Delivering Superior Returns and Significant Momentum Underway to Capture Upside Diana’s Offer Remains Inadequate and its Handpicked Director Nominees Pose Significant Risks to Genco Shareholders’ Investment Genco Urges Shareholders to Vote “FOR” the Re-Election of Genco’s Nominees on the WHITE Proxy Card Today – and “WITHHOLD” on Diana’s Nominees Reminds Shareholders Not to Tender Their Shares into Diana’s Tender Offer Presentation and Information on How to Vote Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) - Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today posted an investor presentation in connection with its upcoming Annual Meeting at www.GencoDrivesSuperiorReturns.com . Highlights of the presentation include: Genco’s proven Comprehensive Value

Diana Shows its Hand Through Recent Stock Sales Underscoring Its Lack of Commitment to Creating Value for Genco Shareholders Diana’s Low-Ball Offer Continues to Undervalue Genco’s Assets and Business and Fails to Provide a Control Premium Diana May Attempt to “Empty Vote” Shares they No Longer Own NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) - Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following statement in response to Diana’s latest misleading press release: Genco continues to outperform the market and peers, including Diana, because of the successful execution of the Board and management team’s Comprehensive Value Strategy. Genco shareholders are poised to continue benefiting from robust dividend payments and increasing valuations in a strengthening drybulk market. We are

Expresses Confidence in Strength of Business, Momentum Underway and Ability to Continue Generating Superior Returns and Shareholder Value Urges Shareholders to Vote FOR the Reelection of Genco’s Six Directors on the WHITE Proxy Card Recommends Shareholders Do NOT Tender Their Shares into Diana’s Inadequate and Highly Conditional Offer Additional Information Available at www.GencoDrivesSuperiorReturns.com NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) - Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today sent a letter to Genco shareholders from John Wobensmith, the Company’s Chairman and Chief Executive Officer. Highlights from the letter include: Since 2021, Genco’s Board and management team have been implementing Genco’s Comprehensive Value Strategy, resulting in $310 million or $7.16 per share in dividends paid to shareholders, a growing fleet of premium