Star Bulk walks away from Genco fleet deal

Splash 24711 Aug 2026AI generated

No desk note for this article — the source text is below.

Star Bulk Carriers has pulled out of a $470.5m agreement to acquire 16 Genco Shipping & Trading bulkers from Diana Shipping, removing a key fleet component from Diana’s long-running takeover attempt. The two Greek owners mutually terminated the sale and purchase agreement at Star Bulk’s request. The deal, signed in March, was conditional on Diana …

Source