Diamond S Shipping Group Inc.
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Russell 2000 Index component
Florence Ioannou (CFO) of ICR, Inc.
Michael Fogarty VP[1]
| NYSE: DSSI Russell 2000 Index component | |
| Founded | 2007 |
| Headquarters | 33 Benedict Place, Greenwich, CT 06830, , |
Key people | Panagogiannopoulos I. Nikolaos (President), Craig Stevenson, Jr. (CEO) Florence Ioannou (CFO) of ICR, Inc. Michael Fogarty VP[1] |
| Services | Chartering strategy, Medium-range (MR) product tankers |
Number of employees | 29[1] |
| Subsidiaries | DSS Vessel II LLC, Diamond S Shipping III LLC, and Diamond S Management LLC |
| Website | www.diamondsshipping.com |
| Footnotes / references 203-413-2000 | |
Diamond S Shipping Group Inc. (DSG) is a shipping company legally incorporated in the Marshall Islands with headquarters in Greenwich, Connecticut, United States that owns and operates medium-range (MR) tanker vessels engaged in the international transoceanic shipping market of refined petroleum and other products.[2] Diamond S Shipping "runs 33 product tankers."[3] Diamond S Shipping Group Inc is traded on the New York Stock Exchange with the symbol.(NYSE:DSSI).
Diamond S Shipping is legally incorporated in the Marshall Islands.[3]
Subsidiaries
Diamond S Shipping's subsidiaries include DSS Vessel II LLC, Diamond S Shipping III LLC, and Diamond S Management LLC. The parent or holding company is Diamond S Shipping Group Inc.,"one of the world’s largest owners and operators of medium-range tanker vessels, which crisscross the globe as crucial cogs in the transoceanic shipping trade."[2]
Services
Shareholders
Shareholders include First Reserve Corporation, a private equity company based in Greenwich, Connecticut and Cargill's investment arm CarVal. WL Ross & Co affiliates have also been major investors.[4]
WL Ross & Co
Commerce Secretary Wilbur Ross had part ownership of Diamond S Shipping.[3] until the news media coverage from the release of the Paradise Papers in November 2017 focused attention on conflict of interests concerns between Ross' role in trade policy formulation and his investments in large transoceanic shipping companies. The Commerce Department announced on November 7, 2017 that Commerce Secretary Ross "had fully divested" his stakes in Diamond S Shipping, and Navigator Gas LLC.[5] Concerns were raised about Wendy Teramoto, in an in depth November 6, 2017 report by American Public Media (ABM). "[6] Teramato is Ross' chief of staff at the Commerce Department.[6] The APM Reports investigation found that Teramoto, "cut the China trade deal despite serving as a director for Navigator Holdings Ltd."[6]