Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 32)*
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GENCO SHIPPING & TRADING LIMITED (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
Y2685T131 (CUSIP Number) |
Mr. Ioannis Zafirakis Pendelis 16, Palaio Faliro, Athens, J3, 175 64 30-210-947-0100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
08/14/2026 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | Y2685T131 |
| 1 |
Name of reporting person
Diana Shipping Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
BK, WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
MARSHALL ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
6,264,548.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
14.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
All reported shares are owned by Diana Shipping Inc. Calculated based on 43,586,605 shares of common stock, par value $0.01 per share, of the Issuer outstanding as of August 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2026.
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, par value $0.01 per share | |
| (b) | Name of Issuer:
GENCO SHIPPING & TRADING LIMITED | |
| (c) | Address of Issuer's Principal Executive Offices:
299 PARK AVENUE, 12TH FLOOR, New York,
NEW YORK
, 10171. | |
Item 1 Comment:
This Amendment No. 32 (this "Amendment") amends and supplements, to the extent set forth herein, the statement on Schedule 13D originally filed by Diana Shipping Inc. ("Diana" or the "Reporting Person") with the Securities and Exchange Commission (the "SEC") on July 17, 2025 (and amended on July 31, 2025, September 30, 2025, November 24, 2025, January 13, 2026, January 16, 2026, March 10, 2026, March 23, 2026, April 13, 2026, May 4, 2026, May 7, 2026, May 12, 2026, May 18, 2026, May 19, 2026, May 27, 2026, May 28, 2026, June 1, 2026, June 2, 2026, June 4, 2026, June 8, 2026, June 11, 2026, June 12, 2026, June 15, 2026, June 16, 2026, June 17, 2026, June 18, 2026, June 29, 2026, June 30, 2026, July 8, 2026, July 13, 2026, July 27, 2026, and August 10, 2026) in respect of the Common Shares of the Issuer. Except as expressly provided herein, this Amendment does not modify the information previously reported on the Current Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the meaning ascribed to them in the Current Schedule 13D. This Amendment relates to the shares of common stock (the "Shares"), par value $0.01 per share, of Genco Shipping & Trading Limited, a Marshall Islands corporation (the "Issuer"). | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Current Schedule 13D is hereby amended and supplemented to add the following: On August 14, 2026, Diana issued a press release announcing that Diana has withdrawn its proposal submitted to the board of directors of the Issuer on June 17, 2026 to acquire all of the issued and outstanding Shares of the Issuer not already owned by Diana for $24.80 in cash (adjusted for the Issuer's recently declared dividend of $0.80 per Share) plus one share of stock of Diana valued at $2.54 based on Diana's 30-day volume-weighted average price as of June 16, 2026 (the "Offer"). Notwithstanding the withdrawal of the Offer, Diana intends to regularly review its investment in the Issuer and consider all potential courses of action in connection with the Issuer and its Shares. Based on such review, as well as other factors, Diana may from time to time and at any time: (i) acquire additional Shares of the Issuer in the open market, in privately negotiated transactions or otherwise; (ii) dispose of any or all of their Shares in the open market, in privately negotiated transactions or otherwise; and (iii) engage in any hedging or similar transactions with respect to the Shares. Any such actions that Diana might undertake may be made at any time without prior notice based on, among other things, Diana's review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's Shares; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities available to Diana; and other future developments. Further, Diana may, and reserves the right to, formulate plans or make proposals that could relate to or result in any of the matters listed in Items 4(a) - (j) of Schedule 13D, modify or withdraw any such plan or proposal, or change its intentions with respect to previous plans or proposals, in each case at any time. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit A: Press Release, dated August 14, 2026, issued by the Reporting Person. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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