Diana Shipping to Continue Dry Bulk Consolidation with Offer for Genco
Dania Shipping, which bills itself as a leader in the dry bulk sector, is seeking to continue the market consolidation as it finally made a move to acquire US-based Genco Shipping & Trading. Genco bills itself as the largest U.S.-headquartered dry bulk shipowner, and combined, they would have a fleet of approximately 80 vessels with approximately 9 million dwt. Diana’s Chief Executive Officer, Semiramis Paliou, highlighted that the offer, which came in the form of a non-binding indicative proposal,...
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