Diana Shipping doubles down on Genco stake with $103m outlay

Greek dry bulk owner Diana Shipping has lifted its holding in New York-listed peer Genco Shipping & Trading to nearly 15%, becoming the company’s largest known shareholder. Regulatory filings show the Semiramis Paliou-led owner spent about $103.5m between late April and the end of September to buy 6.41m Genco shares, giving it a 14.93% stake. …