Kristoffer Barth

Kristoffer Barth with Arctic Securities inquired about Diana Shipping's strategic intentions regarding its significant stake in Genco Shipping & Trading Limited, including potential dialogue with Genco's board, the impact of Genco's recent poison pill, and whether Diana Shipping would consider pursuing a board seat. He also asked for an update on Diana Shipping's holding in OceanPal, specifically inquiring about the current percentage of ownership after recent developments.

Answer

Ioannis Zafirakis, Director, Co-CFO, and Chief Strategy Officer, stated that Diana Shipping's position in Genco holds strategic value, but the company is currently observing developments and examining various options without direct contact with Genco's current management. Regarding OceanPal, Mr. Zafirakis clarified that Diana Shipping's interest is now very minimal and not material, especially after OceanPal's latest equity raising.

Kristoffer Barth asked about Diana Shipping's significant strategic stake in Genco Shipping and Trading Limited, inquiring about potential dialogue with Genco's board, the impact of Genco's tightened poison pill threshold, and whether Diana Shipping would consider a board seat if maintaining a passive stake. He also inquired about Diana Shipping's current holding and percentage in Ocean Chow following recent equity raises.

Answer

Ioannis Zafirakis, Director, Co-CFO, and Chief Strategy Officer at Diana Shipping Inc., stated that the Genco position holds strategic value, and the company is currently observing developments and examining options without direct contact with Genco's management. Regarding Ocean Chow, Mr. Zafirakis confirmed that Diana Shipping's interest is now very minimal and not material after recent equity raises.