Lars Moen Eide's questions to DIANA SHIPPING (DSX) leadership • Q2 2025
Question
Lars Moen Eide of Arctic Securities inquired about the strategic rationale for acquiring a stake in Genco Shipping & Trading Limited. He asked about the investment horizon and why Diana prioritized this over repurchasing its own shares, which trade at a higher discount to NAV.
Answer
Ioannis Zafirakis, Director and Chief Strategy Officer, explained the Genco purchase is a medium- to long-term investment. He cited Genco's quality management, a differing chartering strategy, its dividend payments, and the strategic value of Diana becoming a major shareholder as key reasons, deeming it a better option than a buyback at this time.