Genco Shipping & Trading Files Preliminary Proxy Statement in Connection with 2026 Annual Meeting of Shareholders in Hellenic Shipping News 25/04/2026 Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today filed preliminary proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”). In its preliminary proxy statement, the Genco Board of Directors (the “Board”) recommends that shareholders vote for the re-election of the six nominees currently serving on the Board – John C. Wobensmith, Kathleen C. Haines, Paramita Das, Basil G. Mavroleon, Karin Y. Orsel and Arthur L. Regan – at the 2026 Annual Meeting. Genco’s Board and management team have been architects of the Company’s Comprehensive Value Strategy and have been effective stewards of Genco and its capital in executing it. In connection with the Board’s recommendation, Genco issued the following statement: At our upcoming Annual Meeting of Shareholders, Genco shareholders have a critical choice to make: Vote FOR Genco’s highly qualified directors, who are overseeing a Comprehensive Value Strategy that has delivered superior returns to shareholders and positioned the Company for even greater returns in 2026 and beyond; or Allow Diana Shipping Inc. (“Diana”), a direct competitor with a record of related-party transactions and of underperforming industry peers, to place its handpicked nominees on the Board, replace Genco’s entire Board and advance its hostile campaign to acquire Genco on the cheap. Genco’s Board of Directors continues to demonstrate its commitment to maximizing value for all Genco shareholders. The Board is overseeing the successful execution of its Comprehensive Value Strategy, which has delivered $292 million to shareholders in dividends since it was implemented in April 2021 and generated total shareholder returns (“TSR”) of 247% over the past five years, more than triple the S&P 500’s TSR of 76% and far exceeding Diana’s TSR of 53% over the same period.1 Alongside this significant value creation, Genco has differentiated itself among its peers by maintaining high standards of corporate governance. Genco is consistently ranked in the industry’s top quartile for governance practices2. All the members of Genco’s highly qualified, diverse, and majority independent Board bring valuable industry and leadership experience in areas relevant to Genco’s business, including shipping, commodities, fleet and technical management, commercial operations, capital allocation, financial reporting and M&A. Today, Genco is operating in a strengthening drybulk market, and shareholders are poised to continue benefiting from our low-leverage high dividend model and the strategic steps the Board and management are taking to further increase earnings power and dividend capacity. We believe Genco’s Board is better positioned than Diana’s nominees to guide the Company forward and create superior returns and meaningful value for all shareholders. Diana’s attempts to take over Genco pose significant risks to Genco shareholders and their ability to realize the full upside of their Genco investments. As detailed in the preliminary proxy, Diana has been waging a hostile campaign to take control of Genco. This has included: Repeatedly insisting on inadequate proposals that would give Diana control of Genco without paying