Diamond S Shipping

Tanker veteran warns on rates: The storm is coming

tanker ship

Diamond S Shipping (NYSE: DSSI) capped a blockbuster run of tanker earnings with an announcement of huge profits and a record quarter, just like the other four listed owners reporting this week.

But the Diamond S conference call on Friday was not a predictable sequel to calls with analysts the days before. The mood was less uplifting and self-serving, more foreboding and straight-shooting.

Diamond S CEO Craig Stevenson and his CFO Kevin Kilcullen did not mince words about the trouble they see...

https://www.freightwaves.com/news/tanker-veteran-warns-on-rates-the-storm-is-coming

Diamond S Calls For Share Repurchase Program Of Up To USD 50 Million

Diamond Shipping

Diamond S Shipping Inc. (“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 one-time loss on the write-off...

https://www.marineinsight.com/shipping-news/diamond-s-calls-for-share-repurchase-program-of-up-to-usd-50-million/

Diamond S Commences Fleet Renewal Efforts With Sale of Product Carriers

Greenwich, Conn., headquartered Diamond S Shipping Inc. (NYSE: DSSI) reports that it has agreed to sell two of its carriers, reports Marinelog.

Fleet renewal initiative

The carriers, the Atlantic Aquarius and Atlantic Leo are 2008-built medium-range product carriers. The decision comes as part of the company’s fleet renewal initiatives.

Liquidity following debt settlement

The vessels are expected to be delivered in the third quarter or early the following quarter. The company will recognize a...

http://mfame.guru/diamond-s-commences-fleet-renewal-efforts-with-sale-of-product-carriers/

Diamond S Shipping Sells Off Tanker Pair at Unrevealed Price

NYSE-listed Diamond S Shipping is selling two 2008-built medium-range product tankers viz., the Atlantic Aquarius and Atlantic Leo, reports Splash247.

Fleet renewal initiative

The company says the sale is part of its fleet renewal initiative, and the vessels are scheduled to be delivered in the third quarter or early in the fourth quarter.

Down to sixty six vessels

The buyer and sale price were not revealed, though Diamond S Shipping said the sale will generate around $12m after the repayment of...

http://mfame.guru/diamond-s-shipping-sells-off-tanker-pair-at-unrevealed-price/

Diamond S Shipping Finalises Tanker Fleet Integration

Diamond S Shipping (DSS) reported a net loss of $1 mill and adjusted EBITDA of $30.3 mill, for the first quarter of this year, reports Tanker Operator.

Better tanker market conditions

The net loss, compares to a net loss of $13.7 mill in 1Q18. This primarily reflects an increase in revenues as a result of better tanker market conditions in both the crude and product tanker segments.

Only four days of the fully merged company, DSS and Capital Product Partners (CPP), are included in the financial...

http://mfame.guru/diamond-s-shipping-finalises-tanker-fleet-integration/

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