<SEC-DOCUMENT>0001104659-26-081696.txt : 20260708
<SEC-HEADER>0001104659-26-081696.hdr.sgml : 20260708
<ACCEPTANCE-DATETIME>20260708112223
ACCESSION NUMBER:		0001104659-26-081696
CONFORMED SUBMISSION TYPE:	SC TO-T/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20260708
DATE AS OF CHANGE:		20260708
GROUP MEMBERS:		4 DRAGON MERGER SUB INC.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENCO SHIPPING & TRADING LTD
		CENTRAL INDEX KEY:			0001326200
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81128
		FILM NUMBER:		261161323

	BUSINESS ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
		BUSINESS PHONE:		(646) 443-8550

	MAIL ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENCO SHIPPING & TRADING LTD
		CENTRAL INDEX KEY:			0001326200
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC TO-T/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81128
		FILM NUMBER:		261161322

	BUSINESS ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
		BUSINESS PHONE:		(646) 443-8550

	MAIL ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIANA SHIPPING INC.
		CENTRAL INDEX KEY:			0001318885
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SC TO-T/A

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-947-0100

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC TO-T/A
<SEQUENCE>1
<FILENAME>tm2620046d1_sctota.htm
<DESCRIPTION>SC TO-T/A
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<p style="margin: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tender Offer Statement under Section&nbsp;14(d)(1)&nbsp;or
13(e)(1)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No.&nbsp;19)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Genco Shipping&nbsp;&amp; Trading Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Subject Company (Issuer))</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>4 Dragon Merger Sub Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Offeror)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>a direct wholly owned subsidiary of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Diana Shipping Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Parent of Offeror)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Names of Filing Persons (identifying status
as offeror, issuer or other person))</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Common Stock, par value $0.01 per share</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Including the Associated Preferred Stock Purchase
Rights)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Title of Class&nbsp;of Securities)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Y2685T131</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(CUSIP Number of Class&nbsp;of Securities)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Mr.&nbsp;Ioannis Zafirakis</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pendelis 16, Palaio Faliro</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Athens, Greece J3, 175 64</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>30-210-947-0100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>With a copy to:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Philip Richter</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Warren de Wied</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Colum Weiden</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Fried, Frank, Harris, Shriver&nbsp;&amp; Jacobson
    LLP</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>One New York Plaza</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York, 10004</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 859-8000</B></P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Edward S. Horton</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Seward&nbsp;&amp; Kissel LLP</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>One Battery Park Plaza</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10004</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 574-1200</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT></TD>
    <TD STYLE="width: 98%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">Check the appropriate
boxes below to designate any transactions to which the statement relates:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">third-party tender offer subject to Rule&nbsp;14d-1.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">issuer tender offer subject to Rule&nbsp;13e-4.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">going-private transaction subject to Rule&nbsp;13e-3.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">amendment to Schedule 13D under Rule&nbsp;13d-2.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the following box if the filing is a final
amendment reporting the results of the tender offer: <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If applicable, check the appropriate box(es) below
to designate the appropriate rule&nbsp;provision(s)&nbsp;relied upon:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rule&nbsp;13e-4(i)&nbsp;(Cross-Border Issuer Tender Offer)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rule&nbsp;14d-1(d)&nbsp;(Cross-Border Third-Party Tender Offer)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 3pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="background-color: white"><B>As
permitted by General Instruction G to Schedule TO, this Schedule TO is also Amendment No. 27 (this &ldquo;Amendment&rdquo;) to the Schedule
13D filed by Diana Shipping Inc. (the Parent of the Offeror), on July 17, 2025 (and amended on July 31, 2025, September 30, 2025, November
24, 2025, January 13, 2026, January 16, 2026, March 10, 2026, March 23, 2026, April 13, 2026, May 4, 2026, May 7, 2026, May 12, 2026,
May 18, 2026, May 19, 2026, May 27, 2026, May 28, 2026, June 1, 2026, June 2, 2026, June 4, 2026, June 8, 2026, June 11, 2026, June 12,
2026, June 15, 2026, June 16, 2026, June 17, 2026, June 18, 2026, June 29, 2026, and June 30, 2026) in respect of the Common Shares of
the Company. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td colspan="5" style="border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><b>CUSIP No.&nbsp;Y2685T131</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p></td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NAMES OF REPORTING PERSONS <br>
</b>Diana Shipping Inc.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">(a)&nbsp;<font style="font-family: Wingdings">&#168;</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">(b)&nbsp;<font style="font-family: Wingdings">&#120;</font></p></td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SEC USE ONLY</b></font>
                                                                                <p style="margin-top: 0; margin-bottom: 0"><b>&nbsp;</b> &nbsp; &nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SOURCE OF FUNDS (SEE INSTRUCTIONS) <br>
</b>WC, BK</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D)&nbsp;OR 2(E)</b></font><p style="margin-top: 0; margin-bottom: 0"><b>&nbsp;</b> &nbsp; &nbsp;</p>
                                                                                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; text-align: right; padding-bottom: 1pt"><font style="font-family: Wingdings">&#168;</font></td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CITIZENSHIP OR PLACE OF ORGANIZATION <br>
</b>MARSHALL ISLANDS</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td colspan="2" rowspan="4" style="padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NUMBER OF <br>
SHARES <br>
BENEFICIALLY <br>
OWNED BY EACH <br>
REPORTING <br>
PERSON <br>
WITH</b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: middle; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SOLE VOTING POWER <br>
</b>6,264,548.0</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SHARED VOTING POWER <br>
</b>0.0</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SOLE DISPOSITIVE POWER <br>
</b>6,264,548.0</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10</b></font></td>
    <td style="padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SHARED DISPOSITIVE POWER <br>
</b>0.0</font></td>
    <td style="border-right: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11</b></font></td>
    <td colspan="3" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.1in; text-indent: -0.05in"><b>AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
</b>6,264,548.0</p></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><p style="margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</b></font></p>
                                                                                <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><font style="font-family: Wingdings">&#168;</font></p></td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PERCENT OF CLASS&nbsp;REPRESENTED BY AMOUNT IN ROW (11) <br>
</b>14.4%<sup>1</sup></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>14</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) <br>
CO</b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="font-size: 1pt">
    <td style="font-size: 1pt; padding-top: 1pt; width: 16%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="font-size: 1pt; padding-top: 1pt; width: 6%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="font-size: 1pt; padding-top: 1pt; text-align: center; width: 8%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="font-size: 1pt; padding-top: 1pt; width: 65%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="font-size: 1pt; padding-top: 1pt; width: 5%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td></tr>
  </table>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><SUP>1</SUP></FONT>
All reported shares are owned by Diana Shipping Inc. 4 Dragon Merger Sub Inc. is a wholly-owned subsidiary of Diana Shipping Inc. Calculated
based on 43,577,051 shares of common stock, par value $0.01 per share, of the Issuer outstanding as of May 6, 2026, as reported in the
Issuer&rsquo;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 6, 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td colspan="5" style="border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><b>CUSIP No.&nbsp;Y2685T131</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p></td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NAMES
    OF REPORTING PERSONS <BR>
    4 Dragon Merger Sub Inc.</B></FONT></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">(a)&nbsp;<font style="font-family: Wingdings">&#168;</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: left"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>
    <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">(b)&nbsp;<font style="font-family: Wingdings">&#120;</font></p></td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SEC USE ONLY</b> &nbsp; &nbsp; &nbsp;</font>
                                                                                <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SOURCE OF FUNDS (SEE INSTRUCTIONS) <br>
</b>AF</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D)&nbsp;OR 2(E)</b></font>
                                                                                <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; text-align: right; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><font style="font-family: Wingdings">&#168;</font></font></td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CITIZENSHIP OR PLACE OF ORGANIZATION <br>
</b>MARSHALL ISLANDS</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td colspan="2" rowspan="4" style="padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NUMBER OF SHARES <br>
BENEFICIALLY <br>
OWNED BY EACH <br>
REPORTING PERSON <br>
WITH</b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: middle; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE
    VOTING POWER </B><BR>
    <B>0.0</B> </FONT></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SHARED VOTING POWER <br>
</b>0.0</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SOLE DISPOSITIVE POWER <br>
</b>6,264,548.0</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10</b></font></td>
    <td style="padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SHARED DISPOSITIVE POWER <br>
</b>0.0</font></td>
    <td style="border-right: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11</b></font></td>
    <td colspan="3" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.1in; text-indent: -0.05in"><b>AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
</b>6,264,548.0</p></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</b></font>
                                                                                <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><font style="font-family: Wingdings">&#168;</font></p></td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PERCENT OF CLASS&nbsp;REPRESENTED BY AMOUNT IN ROW (11) <br>
</b>14.4%<sup>2</sup></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; text-align: center; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>14</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-left: 0.1in; text-indent: -0.05in; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) <br>
CO</b></font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; vertical-align: top; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr>
    <td style="padding-top: 1pt; width: 16%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="padding-top: 1pt; width: 6%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="text-align: center; padding-top: 1pt; width: 8%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="padding-top: 1pt; width: 65%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="padding-top: 1pt; width: 5%; padding-bottom: 1pt"><font style="font-size: 1pt">&nbsp;</font></td></tr>
  </table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><SUP>2</SUP></FONT>
All reported shares are owned by Diana Shipping Inc. 4 Dragon Merger Sub Inc. is a wholly-owned subsidiary of Diana Shipping Inc. Calculated
based on 43,577,051 shares of common stock, par value $0.01 per share, of the Issuer outstanding as of May 6, 2026, as reported in the
Issuer&rsquo;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 6, 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
Amendment No. </FONT>19 to the Tender Offer Statement on Schedule TO (this &ldquo;<U>Amendment</U>&rdquo;) amends and supplements the
Tender Offer Statement on Schedule TO filed with the U.S. Securities and Exchange Commission on May 4, 2026 (as it may be further amended
or supplemented from time to time, the &ldquo;<U>Schedule TO</U>&rdquo;), with respect to the tender offer (the &ldquo;<U>Offer</U>&rdquo;)
made by 4 Dragon Merger Sub Inc., a corporation organized under the laws of the Marshall Islands (&ldquo;<U>Purchaser</U>&rdquo;) and
a direct wholly-owned subsidiary of Diana Shipping Inc., a corporation organized under the laws of the Marshall Islands (&ldquo;<U>Diana</U>&rdquo;),
to purchase all of the outstanding shares of Common Stock, par value $0.01 per share (the &ldquo;<U>Common Shares</U>&rdquo;), of Genco
Shipping &amp; Trading Limited, a corporation organized under the laws of the Marshall Islands (&ldquo;<U>Genco</U>&rdquo;) (including
the associated preferred stock purchase rights (the &ldquo;<U>Rights</U>&rdquo;, and together with the Common Shares, the &ldquo;<U>Shares</U>&rdquo;)
issued pursuant to the Shareholder Rights Agreement, dated October 1, 2025 (as it may be further amended or supplemented from time to
time), by and between Genco and Computershare Inc., as Rights Agent), other than Shares held in treasury by Genco, at $24.80 per share,
net to the seller in cash, without interest and less any required withholding taxes, upon the terms and subject to the conditions set
forth in the Offer to Purchase, dated May 4, 2026 (as it may be amended or supplemented from time to time, the &ldquo;<U>Offer to Purchase</U>&rdquo;)
and in the related Letter of Transmittal (as it may be amended or supplemented from time to time, the &ldquo;<U>Letter of Transmittal</U>&rdquo;),
copies of which are attached to the Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. On June 17, 2026, Diana submitted a
revised proposal to the Board of Directors of Genco to acquire all of the issued and outstanding Common Shares not already owned by Diana
for $27.34 in total implied value per share, comprised of $24.80 in cash plus one share of common stock of Diana,&nbsp;with&nbsp;the implied
value based on the volume-weighted average price per Diana share for the 30 days ended on June 16, 2026 of $2.54.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white">Except
as otherwise set forth in this Amendment, the information set forth in the Schedule TO remains unchanged. This Amendment is being filed
to reflect certain updates as reflected below. Capitalized terms used but not otherwise defined herein have the meanings ascribed thereto
in the Offer to Purchase or the Schedule TO, as applicable. You should read this Amendment together with the Schedule TO and the Offer
to Purchase</FONT><FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 12. EXHIBITS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 12 of the Schedule TO is hereby amended and supplemented by adding
the following Exhibit:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify; width: 88%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><A HREF="tm2620046d1_ex-a5y.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)(5)(Y)</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="tm2620046d1_ex-a5y.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Release of Diana Shipping Inc., dated July 8, 2026</FONT></A></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt">After due inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: July 8, 2026</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DIANA SHIPPING INC.</B></FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 45%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ioannis Zafirakis</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ioannis Zafirakis</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4 DRAGON MERGER SUB INC</B></FONT><FONT STYLE="font-size: 10pt">.</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ioannis Zafirakis</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ioannis Zafirakis</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Secretary</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.(A)(5)(Y)
<SEQUENCE>2
<FILENAME>tm2620046d1_ex-a5y.htm
<DESCRIPTION>EXHIBIT (A)(5)(Y)
<TEXT>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 261pt"><B>Exhibit (a)(5)(Y)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 261pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: italic bold 10pt Times New Roman, Times, Serif; width: 50%">Corporate Contact:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Margarita Veniou</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Chief Corporate Development, Governance &amp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Communications Officer and Board Secretary</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Tel: + 30-210-9470-100</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Email: <U>mveniou@dianashippinginc.com</U></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Website: <U>www.dianashippinginc.com</U></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">X: @Dianaship</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: italic bold 10pt Times New Roman, Times, Serif">Investor Relations Contact:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Nicolas Bornozis / Daniela Guerrero</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Capital Link, Inc.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Tel: (212) 661-7566</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Email: <U>diana@capitallink.com</U></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Bruce Goldfarb / Chuck Garske / Lisa Patel</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Okapi Partners</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Tel: (212) 297-0720</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><U>info@okapipartners.com</U></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: italic bold 10pt Times New Roman, Times, Serif">Media Contact:</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Mark Semer / Grace Cartwright</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Gasthalter &amp; Co.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Tel: (212) 257-4170</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><U>DianaShipping@gasthalter.com</U></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DIANA SHIPPING INC. URGES GENCO SHIPPING &amp;
TRADING SHAREHOLDERS TO TENDER THEIR SHARES BY FRIDAY, JULY 10</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>10,583,484 Shares, or 28.4% of Outstanding Shares
Not Owned by Diana, Tendered into Offer as of June 26, 2026</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Diana&rsquo;s $27.34 Per Share Offer Made Directly
to Genco Board &mdash; Comprised of $24.80 in Cash and One Diana Share Valued at $2.54&nbsp;&mdash; Remains on the Table, Providing an
Opportunity to Deliver Premium Value for All Genco Shareholders</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Nearly Three Weeks After Receiving Diana&rsquo;s
Offer, Genco Board Has Yet to Respond; By Tendering Their Shares, Shareholders Can Send a Clear Message to the Genco Board That They Should
Negotiate a Transaction with Diana</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Athens, Greece &ndash; July 8, 2026</B> &ndash;
Diana Shipping Inc. (NYSE: DSX) (&ldquo;Diana&rdquo; or &ldquo;the Company&rdquo;), a global shipping company specializing in the ownership
and bareboat charter-in of dry bulk vessels that is the largest shareholder of Genco Shipping &amp; Trading Limited (NYSE: GNK) (&ldquo;Genco&rdquo;),
today issued a final reminder to Genco shareholders to tender their shares into Diana&rsquo;s tender offer to acquire all outstanding
shares of Genco not already owned by Diana by July 10, 2026, at 5:00 p.m., New York City time. As of Friday, June 26, 2026, 10,583,484
shares &ndash; or 28.4% of the outstanding shares of Genco not owned by Diana &ndash; have been tendered into the offer.&nbsp;The shares
tendered do not include any of the more than 14% of the outstanding shares of Genco owned by Diana.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 17, 2026, Diana presented the Genco Board
with an increased offer to acquire the outstanding shares of Genco that it does not already own to $27.34 per share &mdash; comprised
of $24.80 per share in cash plus one Diana share valued at $2.54 based on Diana's 30-day volume-weighted average price as of June 16,
2026. The increased offer remains on the table, but nearly three weeks later, the Genco Board has yet to respond or engage with Diana
in any way.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Semiramis Paliou, Diana's Chief Executive Officer,
commented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We are grateful to the significant group
of shareholders that has tendered their shares and, in doing so, demonstrated their support for Diana&rsquo;s premium offer to acquire
the Genco shares that we do not currently own. It is very clear that shareholders have a strong interest in the Genco Board engaging with
Diana to negotiate a value-creative transaction in good faith. It has been nearly three weeks since we delivered to the Genco Board our
increased offer of $27.34 per share. In the final days before our tender offer expires, we urge additional shareholders to tender their
shares and send a message to the Genco Board that it should take immediate action to deliver all shareholders the value they deserve.
We are fully available to meet with Genco and its advisors to move this important strategic initiative forward.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Diana's offer is supported by $1.412 billion in
committed financing from six leading international banks with no financing condition. It represents a 53% premium to Genco's undisturbed
share price and a 6% premium to Genco's net asset value per share based on VesselsValue data, at cyclically high drybulk asset values
that are at or near 15-year highs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Diana Shipping Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Diana Shipping Inc. (&ldquo;Diana&rdquo;) (NYSE:
DSX) is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. Diana&rsquo;s
vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities
as iron ore, coal, grain and other materials along worldwide shipping routes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Star Bulk Carriers Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Star Bulk Carriers Corp. (&ldquo;Star Bulk&rdquo;)
is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk&rsquo;s vessels transport
major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star
Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Stamford and Singapore.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Cautionary Statement Regarding Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Matters discussed in this communication and other
statements made by Diana, may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to, statements regarding the intent, beliefs, expectations, objectives, goals,
future events, performance or strategies and other statements of Diana or its management team, which are other than statements of historical
facts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These forward-looking statements relate to, among
other things, Diana&rsquo;s proposal to acquire Genco and the anticipated benefits of such a transaction, and Diana&rsquo;s ability to
finance such transaction. Forward looking statements can be identified by words such as &ldquo;believe,&rdquo; &ldquo;will,&rdquo; &ldquo;anticipate,&rdquo;
 &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; &ldquo;forecast,&rdquo; &ldquo;project,&rdquo; &ldquo;plan,&rdquo; &ldquo;potential,&rdquo;
 &ldquo;may,&rdquo; &ldquo;should,&rdquo; &ldquo;expect,&rdquo; &ldquo;pending&rdquo; and similar expressions identify forward-looking
statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The forward-looking statements in this press release
and in other statements made by Diana or Star Bulk, as applicable, are based upon various assumptions, many of which are based, in turn,
upon further assumptions, including without limitation, management&rsquo;s examination of historical operating trends, data contained
in Diana&rsquo;s records, Genco&rsquo;s public filings and disclosures and data available from third parties. Although Diana believes
that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies
that are difficult or impossible to predict and are beyond its control, Diana cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The forward-looking statements in this communication
are based on current expectations, assumptions, and estimates, and are subject to numerous risks and uncertainties. These include, without
limitation, risks relating to: (i) the possibility that the proposed transaction may not proceed; (ii) the ability to obtain regulatory
or shareholder approvals, if required; (iii) the risk that Genco&rsquo;s Board of Directors or management may continue to oppose the proposal
or not respond to further attempted engagement by Diana; (iv) failure to realize anticipated benefits of the transaction; (v) changes
in the financial or operating performance of Diana, Star Bulk or Genco; (vi) the possibility that shareholders of Genco will not elect
to tender their shares of common stock of Genco in connection with the Offer (as defined below) or that the conditions to consummation
of the Offer are not satisfied; and (vii) general economic, market, and industry conditions. These and other risks are described in documents
filed by Diana with, or furnished by Diana to, the U.S. Securities and Exchange Commission (&ldquo;SEC&rdquo;), including its Annual Report
on Form 20-F for the fiscal year ended December 31, 2025, and its other subsequent documents filed with, or furnished to, the SEC, and
are described in documents filed by Genco with, or furnished by Genco to, the SEC, including its Annual Report on Form 10-K for the fiscal
year ended December 31, 2025, and its other subsequent documents filed with, or furnished to, the SEC. Diana undertakes no obligation
to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Information Regarding the Offer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 4, 2026, Diana commenced a tender offer,
through its wholly owned subsidiary 4 Dragon Merger Sub Inc., to purchase all outstanding shares of Genco common stock at $23.50 per
share in cash. On May 27, 2026, Diana increased the offer price from $23.50 per share in cash to $24.80 per share in cash. To the extent
that Genco declares a cash dividend or other distribution on the Genco shares, the cash component of the offer price will be reduced
by the amount payable per share. Diana intends to file with the SEC an amended tender offer statement on Schedule TO and a registration
statement on Form F-4 reflecting the terms of its increased offer made to the Genco Board reflecting an implied value of $27.34 per Genco
share comprised of $24.80 in cash and one Diana share with an implied value of $2.54 based on Diana's 30-day VWAP as of June 16, 2026.
These materials, as may be amended from time to time, will contain important information, including the terms and conditions of the revised
Offer. Shareholders of Genco are strongly advised to read Diana's amended tender offer statement, registration statement and other offer
documents as they become available because they will contain important information regarding the revised offer. Diana's tender offer
statement, offer to purchase and other offer documents, when filed, will be available at no charge on the SEC's website at <U>www.sec.gov</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Offer is conditioned upon, among other things:
(i) Genco entering into a definitive merger agreement with Diana substantially in the form of the merger agreement included with the Offer
documents; (ii) Genco shareholders validly tendering a majority of Genco's outstanding shares on a fully diluted basis; (iii) the termination
or inapplicability of Genco's shareholder rights plan; (iv) the Genco Board's approval of the transaction under certain affiliate transaction
provisions in Genco's charter, and (v) other customary conditions. When Diana files an amended tender offer statement on Schedule TO and
a registration statement on Form F-4 reflecting the terms of its increased offer, the Offer will be conditioned on Diana's registration
statement on Form F-4 being declared effective by the SEC. Satisfaction of the merger agreement condition, the shareholder rights plan
condition and the affiliate transaction condition is solely within the control of Genco and the members of the Genco Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the Offer is successfully completed, Diana
intends to consummate a second-step merger as promptly as practicable, in which any remaining Genco shareholders who did not tender their
shares in the Offer would receive the same consideration that was paid in the Offer. As a result, if the Offer is completed and the second-step
merger is consummated, all Genco shareholders &mdash; whether or not they tender their shares &mdash; would receive the same consideration.
Importantly, shareholders who tender in the Offer may receive their consideration sooner than those whose shares are acquired in the second-step
merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Questions and requests for assistance regarding
the Offer may be directed to Okapi Partners LLC, the information agent for the Offer, toll-free at (855) 305-0857 or by email at <U>info@okapipartners.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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