Genko Shipping & Trading Co. accused its peer Diana Shipping Company of issuing an "unfounded" stock price target, claiming its true intention is to depress Genko Shipping & Trading's stock price.

This move has drawn market attention to the competitive dynamics within the industry. According to Genke, Diana Shipping’s actions may be intended to create market panic, thereby generating improper trading opportunities for itself or related parties. Currently, neither company has made further comment on the matter. The market is closely watching the development of the situation and its potential impact on share prices.