Diamond S Shipping(DSSI:NYSE)
Diamond S Shipping (NYSE:DSSI)
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Open: Tue April 13, 2021 12:00 AM
About Diamond S Shipping
Diamond S Shipping, Inc. engages in the provision of seaborne transportation of crude oil, refined petroleum and other products in the international shipping markets. The company is headquartered in Greenwich, Connecticut and currently employs 40 full-time employees. The company went IPO on 2019-03-18. The firm provides seaborne transportation of crude oil, refined petroleum and other products in the international shipping markets, operating a fleet of 68 vessels with an aggregate of approximately five million deadweight tons (dwt) in carrying capacity. The Company’s vessel operations are composed of two segments: crude tankers, which consists of 15 Suezmax vessels and one Aframax vessel, and product tankers, which consists of 52 medium range (MR) vessels. The Company’s fleet of crude tankers include Frio, San Saba, Red, Colorado, Brazos, Sabine, Pecos and Aisa. Its fleet of product tankers include Alkiviadis, Arionas, Aiolos, Aktoras, Agisilaos, Akeraios, Atrotos, Avax and Assos.
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Diamond S Shipping, Inc. - DSSI Fri, 09 Apr 2021 21:00:00 -0400 - NEW YORK, April 9, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Diamond S Shipping, Inc. ("DSSI" or the "Company") ( DSSI ) relating to its proposed merger with International Seaways, Inc. Under the terms of the agreement, DSSI shareholders will receive 0.55375 shares of International Seaways per share they own. The investigation focuses on whether Diamond S Shipping, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
SHAREHOLDER ALERT: WeissLaw LLP Investigates Diamond S Shipping Inc. Wed, 31 Mar 2021 17:49:00 -0400 - NEW YORK, March 31, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Diamond S Shipping Inc. ("Diamond S") (NYSE: DSSI) in connection with the proposed acquisition of the Company by International Seaways, Inc. ("INSW" or the "Company") (NYSE: INSW). Under the terms of the merger agreement, Diamond S shareholders will receive 0.55375 shares of INSW common stock for each share of Diamond S common stock that they hold, representing implied per share merger consideration of $10.17 based upon INSW's March 30, 2021 closing price of $18.37.
International Seaways and Diamond S Shipping Announce Merger Wed, 31 Mar 2021 06:00:00 -0400 - NEW YORK & GREENWICH, Conn.--(BUSINESS WIRE)--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 tr
Diamond S Shipping: Q4 Earnings Insights Fri, 12 Mar 2021 07:02:01 -0500 - Shares of Diamond S Shipping (NYSE:DSSI) moved higher by 0.4% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 194.67% year over year to ($0.71), which beat the estimate of ($0.87).