Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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GENCO SHIPPING & TRADING LTD (Name of Issuer) |
Common Shares, $0.01 par value per share (Title of Class of Securities) |
Y2685T131 (CUSIP Number) |
Mr. Ioannis Zafirakis Pendelis 16, Palaio Faliro Athens, J3, 175 64 30-210-9485-360 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
07/29/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | Y2685T131 |
| 1 |
Name of reporting person
DIANA SHIPPING INC. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
MARSHALL ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
4,291,292.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
9.99 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Shares, $0.01 par value per share | |
| (b) | Name of Issuer:
GENCO SHIPPING & TRADING LTD | |
| (c) | Address of Issuer's Principal Executive Offices:
299 PARK AVENUE, 12TH FLOOR, NEW YORK,
NEW YORK
, 10171. | |
Item 1 Comment:
This Amendment No. 1 to Schedule 13D (the "Schedule 13D/A") amends and supplements, to the extent set forth herein, the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on July 17, 2025 (the "Schedule 13D"). This Schedule 13D/A amends Items 3, 5 and 7. Except as expressly amended by this Schedule 13D/A, the Schedule 13D remains in effect. Capitalized terms not otherwise defined in this Schedule 13D/A shall have the meaning ascribed to them in the S
chedule 13D. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
During the period of April 23, 2025 through July 31, 2025, the Reporting Person acquired the Shares reported in this Schedule 13D/A in open market transactions using its working capital for an aggregate consideration of $61,731,773.97. Unless noted above, no part of the purchase price for such Shares was borrowed by the Reporting Person for the purpose of acquiring, holding, trading or voting any securities discussed in this Item 3. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | According to information provided by the Issuer in its Current Report on Form 10-Q filed by the Issuer on May 7, 2025 the Issuer had 42,959,464 Shares outstanding as of May 7, 2025. Based on the foregoing, the Reporting Person is the record holder of 4,291,292 Shares representing 9.99% of the Issuer's issued and outstanding Shares. | |
| (b) | As of the date of this filing the Reporting Person has the sole power to vote or direct the vote of 4,291,292 Shares and has the shared power to vote or direct the vote of 0 Shares. | |
| (c) | Except as otherwise disclosed herein and in Exhibit B to this Schedule 13D/A, no transactions in the Shares were effected by the Reporting Person during the past 60 days. | |
| (d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Shares beneficially owned by the Reporting Person. | |
| (e) | Not applicable. | |
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit A: Directors and Officers (incorporated by reference as Exhibit A to the Schedule 13D as filed by the Reporting Person with the SEC on July 17, 2025) Exhibit B: Information with Respect to Transactions Effected in the Last 60 Days. | ||
| SIGNATURE | |
After reasonable 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.
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