Diana Shipping Inc. Sends Open Letter to Genco Shipping & Trading Shareholders in Hellenic Shipping News 14/04/2026 Diana Shipping Inc. (NYSE: DSX) (“Diana” or “the Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today sent a letter to Genco shareholders in connection with its campaign to elect six independent director nominees to Genco’s Board of Directors (the “Genco Board”) at the Genco’s 2026 Annual Meeting of Shareholders, the date of which Genco has yet to announce. The letter details the compelling value of Diana’s fully financed, all-cash $23.50 per share offer, rebuts a series of factually unfounded claims the Genco Board has made in its recent public communications, and exposes the Genco Board’s deliberate pattern of entrenchment — including the unilateral adoption of a poison pill, the formation of an undisclosed Special Committee, a secret Employee Retention Plan, and the delay in setting an annual meeting date. As a result of this entrenchment, there has been no meaningful engagement regarding a transaction that would deliver certain, premium value to Genco shareholders. Diana believes this entrenchment is driven by the Genco Board and management team’s determination to protect their roles and compensation packages. Diana has filed a preliminary proxy statement with the Securities and Exchange Commission to nominate six highly qualified, independent director candidates — Gustave Brun-Lie, Paul Cornell, Chao Sih Hing Francois, Jens Ismar, Viktoria Poziopoulou, and Quentin Soanes — for election to the Genco Board at the 2026 Annual Meeting of Shareholders. Diana intends to file a definitive proxy statement in due course and will provide further information regarding voting instructions at that time. The full text of Diana’s letter to shareholders is below. April 13, 2026 Dear Fellow Genco Shareholder: Diana Shipping Inc. (“Diana”) is Genco Shipping & Trading Limited’s (“Genco” or the “Company”) largest shareholder, owning approximately 14.8% of its outstanding shares, and we are writing to you about a matter that has a direct impact on the value of your investment. Since November 2025, Diana has been seeking to engage with Genco’s Board of Directors (the “Genco Board”) to negotiate an acquisition of Genco following our fully financed, all-cash offer that would provide all shareholders with an immediate opportunity to realize an attractive, premium value for their shares — at cyclically high drybulk asset values that are at or near 15-year highs. For five months, the Genco Board has refused to engage with us in any meaningful way, blatantly ignoring its fiduciary duty to consider options with the potential to enhance the value of your investment. Unfortunately, rather than exploring a potential transaction with Diana, the Genco Board has not only rejected our proposals without any meaningful dialogue but has also attempted to distract shareholders from this attractive opportunity through misleading statements in its public announcements. It is critical that you have the facts and know how we plan to move forward. DIANA’S OFFER DELIVERS CERTAIN, PREMIUM VALUE IN CASH On November 24, 2025, we submitted an initial proposal to the Genco Board to acquire all outstanding Genco shares not already owned by Diana for $20.60 per share in cash. Th