News & Videos - DIAMOND S SHIPPING INC.

International Seaways, Inc. (NYSE: INSW) (“INSW”) and Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”) announced today that the required waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) in connection with the proposed stock-for-stock merger transaction between INSW and Diamond S (the “Merger”). The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the Merger. The Merger,...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the first quarter of 2021. Highlights for the First Quarter and Recent Events Reported net loss attributable to Diamond S of $33.6 million, or net loss of $0.84 basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $5.2 million. The reported net loss includes...

International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”) and Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”), two of the leading tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, announced today that their Boards of Directors have unanimously approved a definitive merger agreement pursuant to which INSW will merge with Diamond S in a stock-for-stock transaction. Subsequent to the...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the fourth quarter of 2020. Highlights for the Fourth Quarter and Recent Events Reported net loss attributable to Diamond S of $57.8 million, or net loss of $1.45 basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $8.0 million. The reported net loss...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company plans to release fourth quarter 2020 earnings before the market opens on Friday, March 12, 2021. The Company will host a conference call for investors at 8:00 AM ET on the same day. Conference Call Details Date: Friday, March 12, 2021 Time: 8:00 AM ET US Dial-In Number: +1 866 211-4137 International Dial-In Number: +1 647 689-6723 Conference ID: 7955988 A live webcast of the conference call will be...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S” or the “Company”) announced that the four crew members who had been kidnapped from one of its product tanker vessels, the Agisilaos, on November 29, 2020 were released yesterday, January 6, 2021. All four crew members are safe and will undergo further medical examinations today. Diamond S would like to thank all those involved in securing their release. Due to the sensitive nature of the incident, Diamond S will provide no further updates...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S” or the “Company”) announced the receipt of an incident report involving a kidnapping on one of its product tanker vessels, the Agisilaos, as it was approaching the port of Lome, Togo on November 29, 2020. The vessel is managed and crewed by Capital Ship Management Corp. (‘Capital’) who informed Diamond S about the kidnapping of four crew members. The Company confirms that there were 22 seafarers aboard when the attack occurred. There...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the third quarter of 2020. Highlights for the Third Quarter and Recent Events -- Reported net loss attributable to Diamond S of $9.7 million, or net loss of $0.24 basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $27.1 million. -- Net debt at September...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company plans to release third quarter 2020 earnings before the market opens on Monday, November 16, 2020. The Company will host a conference call for investors at 8:00 AM ET on the same day. Conference Call Details Date: Monday, November 16, 2020 Time: 8:00 AM ET US Dial-In Number: +1 866 211-4137 International Dial-In Number: +1 647 689-6723 Conference ID: 6646328 A live webcast of the conference call will be...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the second quarter of 2020. Highlights for the Second Quarter and Recent Events -- Net income attributable to Diamond S of $45.7 million, or $1.15 per basic share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $84.1 million. -- Repaid $73.6 million of debt in the quarter, $40.0 million on...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company plans to release second quarter 2020 earnings before the market opens on Thursday August 13, 2020. The Company will host a conference call for investors at 8:00 AM ET on the same day. Conference Call Details Date: Thursday August 13, 2020 Time: 8:00 AM ET US Dial-In Number: +1 866 211-4137 International Dial-In Number: +1 647 689-6723 Conference ID: 3179296 A live webcast of the conference call will be...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”) announced today a strategic partnership with NORDEN A/S (CPH:DNORD), DiaNor, to facilitate the commercial consolidation of two of the world’s largest owner/operators of product tankers. Diamond S will initially contribute 28 medium range (MR2) product tankers to the endeavor, which will be marketed and operated through the Norient Product Pool (“NPP”). Diamond S also intends to contribute its existing in-house commercial expertise in...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the first quarter of 2020. Highlights for the First Quarter and Recent Events -- Net income attributable to Diamond S of $45.0 million, or $1.13 per basic share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $84.7 million. -- Net debt at March 31, 2020 was $720.6 million implying a net...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company plans to release first quarter 2020 earnings before the market opens on Friday May 8, 2020. The Company will host a conference call for investors at 8:00 AM ET on the same day. Conference Call Details Date: Friday May 8, 2020 Time: 8:00 AM ET US Dial-In Number: +1 833 513-0550 International Dial-In Number: +1 778 560-2574 Conference ID: 2073526 A live webcast of the conference call will be available from...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Board of Directors of the Company has fixed the close of business on April 6, 2020 as the record date for the determination of the shareholders entitled to vote at the Company’s 2020 annual meeting of shareholders to be held on Friday, May 29, 2020. About Diamond S Shipping Inc. Diamond S Shipping Inc. (NYSE Ticker: DSSI) owns and operates 66 vessels, including 15 Suezmax vessels, one Aframax and 50 medium-range...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that Mr. Gerasimos Ventouris has resigned from the Company’s Board of Directors (the “Board”), effective March 23, 2020. Mr. Ventouris had been designated as a director pursuant to the Director Designation Agreement dated March 27, 2019 (the “Director Designation Agreement”) between the Company, Capital Maritime & Trading Corp., Crude Carriers Investments Corp. and Capital GP L.L.C. (together, the “Former CPLP...

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the fourth quarter of 2019. Highlights for the Fourth Quarter and Recent Events -- Reported net income attributable to Diamond S of $26.1 million, or $0.65 per basic and diluted earnings per share (“EPS”), and Adjusted EBITDA (see Non-GAAP Measures section below) of $69.9 million. EPS excluding a...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company plans to release fourth quarter 2019 earnings before the market opens on Thursday March 5, 2020. The Company will host a conference call for investors at 8:00 AM ET on the same day. Conference Call Details Date: Thursday March 5, 2020 Time: 8:00 AM ET US Dial-In Number: +1 866 211-4137 International Dial-In Number: +1 647 689-6723 Conference ID: 1170117 A live webcast of the conference call will be...

Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company will conduct its 2020 annual meeting of shareholders on Friday, May 29, 2020. About Diamond S Shipping Inc. Diamond S Shipping Inc. (NYSE Ticker: DSSI) owns and operates 66 vessels, including 15 Suezmax vessels, one Aframax and 50 medium-range (MR) product tankers. Diamond S Shipping is one of the largest energy shipping companies providing seaborne transportation of crude oil and refined petroleum products...