Diana Shipping, Inc.
(NYSE:DSX) shares rose on Tuesday after the company and Star Bulk Carriers Corp.
(NASDAQ:SBLK) mutually terminated a vessel sale-and-purchase agreement tied to Diana’s proposed acquisition of Genco Shipping & Trading Limited (NYSE:GNK).
The development puts fresh attention on Diana’s ongoing effort to acquire Genco, with the company emphasizing that the end of the vessel agreement does not alter the terms or financing of its proposed transaction.
Vessel Deal Terminated Under the terminated agreement, Star Bulk would have acquired 16 Genco vessels following completion of Diana’s proposed takeover of Genco.
