Diana Shipping makes move on Genco with $46m stock play

Greek dry bulk owner Diana Shipping has disclosed a 7.7% equity stake in US-listed peer Genco Shipping & Trading, further stirring interest around the Manhattan-based bulker player. A recent 13D filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana has acquired around 3.3m shares in Genco, valued at roughly $46m. The …