Genco Shipping & Trading Acquired by Diana Shipping | Logistics M&A Deal

Diana Shipping has acquired Genco Shipping & Trading, a logistics other business in Greece, for $1.433 billion. Genco Shipping & Trading operates in logistics and transportation, providing shipping services that support global trade flows and customer supply chains. Diana Shipping acquisitions in logistics M&A aim to consolidate maritime logistics assets and strengthen strategic control over operations and capital allocation. The going private acquisition is structured through a direct wholly-owned subsidiary and is tied to Diana Shipping’s Schedule 13D amendment, with the tender offer referencing common shares with a $0.01 par value. The strategic acquisition is valued at $1.102 billion and $470.5 million across reported components, with additional tender-related figures disclosed in the filing.