Star Bulk Carriers Corp. and Diana Shipping Inc. mutually terminated their March 6, 2026 agreement for Star Bulk to acquire 16 vessels from Diana upon completion of Diana's proposed acquisition of Genco Shipping & Trading Limited. The termination was requested by Star Bulk due to the Genco Board’s unwillingness to negotiate, which deprived shareholders of the opportunity to realize value. The termination is effective August 10, 2026, and carries no further obligation or liability for either party. This action does not impact Diana's $1.411 billion in committed financing for its ongoing offer to acquire Genco shares at $24.80 per share plus one Diana share valued at $2.54. Star Bulk Carriers Corp. operates in the dry bulk shipping industry, providing worldwide seaborne transportation solutions.
