Diana Shipping and Star Bulk terminate deal for 16 Genco vessels

AI Summary

Diana Shipping and Star Bulk Carriers have mutually terminated their agreement for Star Bulk to purchase 16 vessels from Genco Shipping & Trading following Diana Shipping's planned takeover of Genco. The termination was requested by Star Bulk according to official statements.

Diana Shipping and Star Bulk Carriers have mutually terminated an agreement covering the planned sale of 16 Genco Shipping & Trading vessels. The agreement would have seen Star Bulk acquire the vessels following the completion of Diana Shipping’s proposed takeover of Genco. Star Bulk requested the termination, according to a joint announcement from the two […] The post Diana Shipping and Star Bulk terminate deal for 16 Genco vessels appeared first on Container News.