DIAMOND S SHIPPING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond S Shipping Inc. - DSSI
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diamond S Shipping Inc. (NYSE: DSSI) to International Seaways, Inc. (NYSE: INSW). Under the terms of the proposed transaction, shareholders of Diamond will receive only 0.55375 shares of International Seaways for each share of Diamond that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-dssi/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
- 04/07/2021
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5 Stocks to Watch out for Following Broker Rating Upgrade
- Driven by broker advice, stocks like ABM Industries (ABM), Core-Mark (CORE), Diamond S Shipping (DSSI), Bloomin' Brands (BLMN) and Big Lots (BIG) should be on investors' radar.
- 04/01/2021
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Another shipping stock bites the dust as big tanker fleets merge
- The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else.
- 03/31/2021
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SHAREHOLDER ALERT: WeissLaw LLP Investigates Diamond S Shipping Inc.
- 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.
- 03/31/2021
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Diamond S Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Diamond S Shipping Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – DSSI
- NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Diamond S Shipping Inc. (NYSE: DSSI) to International Seaways, Inc. is fair to Diamond S shareholders. Under the terms of the merger agreement, Diamond S shareholders will receive 0.55375 shares of International Seaways common stock for each share of Diamond S common stock held. Halper Sadeh encourages Diamond S shareholders to click here to learn more about their legal rights an
- 03/31/2021
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International Seaways and Diamond S Shipping Announce Merger
- 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 transaction. Subsequent to the merger, INSW and Diamond S shareholders will own approximately 55.75% and 44.25% of the combined company, respectively, using fully diluted share counts as of March 30, 2021. The merger of Diamond S with INSW unites two companies with long-term customer relationships, similar cultures, and complementary positions in key tanker sectors. The merger will enhance INSW’s capabilities in both the crude and product markets and create “power alleys” for INSW in the large crude -VLCC and Suezmax– and LR1/Panamax and MR markets. The merger will create the second largest US-listed tanker company by vessel count and the third largest by deadweight (“dwt”). On a pro forma basis, the combined company will have 100 vessels, shipping revenues of over $1 billion, over 2,200 employees, and an enterprise value of approximately $2 billion. Among other benefits, INSW and Diamond S believe that the merger will achieve the following: Double INSW’s net asset value in an all-stock merger to create a diversified tanker company with a 1001 vessel fleet aggregating 11.31 million dwt and significant footprints in the VLCC, Suezmax, LR1/Panamax and MR markets Accretive to INSW’s earnings and cash flow per share immediately Realize estimated annual cost synergies in excess of $23 million and revenue synergies of $9 million, which are expected to be fully realizable within 2022 Enhance equity trading liquidity through a larger market capitalization; estimated pro-forma market capitalization of close to $1 billion based on INSW’s closing price of $18.36 on March 30, 2021 Maintain significant financial strength, as INSW and Diamond S would have had a combined pro forma net leverage ratio of 42%2 at year-end 2020, one of the lowest in the tanker sector and across global shipping. INSW and Diamond S also would have had robust liquidity on a pro forma combined basis, with over $3002 million in cash at December 31, 2020 Build upon best-in-class safety and Environmental, Social and Governance track records Enable combined company to maintain a $50 million share repurchase authorization and a quarterly dividend policy. Immediately prior to the closing of the merger, existing INSW shareholders will also receive a special dividend of $1.10 per share Douglas Wheat, Lois Zabrocky and Jeffrey Pribor will continue to serve as the Chairman of the Board of Directors, Chief Executive Officer (“CEO”) and Chief Financial Officer of INSW, respectively, and the current CEO of Diamond S, Craig Stevenson Jr., will join the Board of Directors of INSW, and also act as a special advisor to the CEO for a 6-month period to ensure a smooth transition. “We are excited to enter into this transformational transaction and create an industry bellwether,” said Lois Zabrocky, INSW’s President and CEO. “By bringing together two leading US-based diversified tanker owners, we expect to deliver a number of compelling strategic and financial benefits to the stakeholders and customers of both companies. Specifically, with our enhanced scale and capabilities combined with a best-in-class ESG track record, we are ideally positioned to meet the evolving needs of leading energy companies and capitalize on favorable long-term industry fundamentals. With this highly accretive merger, we also expect to realize significant cost synergies while maintaining one of the lowest net leverage ratios in global shipping and increasing our equity market capitalization and liquidity for the benefit of our shareholders. We are proud of INSW’s accomplishments since becoming a public company over four years ago and intend to continue to maintain an intense focus on preserving our financial strength and executing a balanced and accretive capital allocations strategy. In addition to the special dividend related to this compelling transaction, we remain committed to returning capital to shareholders through our share repurchase program and our quarterly dividend.” Douglas Wheat, Chairman of INSW’s Board of Directors, said, “With this transaction, we are establishing a leading diversified tanker company with the scale, financial strength and commercial expertise to create lasting value for both shareholders and customers. We look forward to joining forces with Diamond S and continuing to meet the highest operational standards with an unwavering focus on safety and sustainability in the maritime sector. We believe the combined company is well positioned to capitalize on opportunities in both the current market environment and well into the future.” Craig Stevenson Jr., President and CEO of Diamond S, commented, “By combining our fleet and capabilities with INSW’s world-class operations, we believe the merger will significantly benefit each company’s stakeholders as market conditions improve. Importantly, both INSW and Diamond S share a similar focus on people, safety, meeting customer expectation, maintaining balance sheet strength, and appropriately managing leverage in an inherently cyclical industry. As a long-time proponent of industry consolidation, I believe this transaction gives the combined company the scale and diversity necessary to hold the status as a leader in the tanker markets for years to come.” Nadim Qureshi, Chairman of the Board of Directors of Diamond S, said “We are pleased to enter into a transaction that will both create near-term value for our shareholders and create a superior, scale vehicle that enables investors to gain exposure in both the crude and product tanker markets with strong fundamentals. Importantly, since the focus of the management teams of both Diamond S and INSW are similar, we see further value from synergies in the combined company. We look forward to working with the team at INSW to see the transaction through to completion and ensure a great outcome for our shareholders.” Key Terms of the Merger - Diamond S shareholders will receive 0.55375 shares of INSW common stock for each share of Diamond S common stock held. Based on the closing prices of INSW’s shares on March 30, 2021, the total stock consideration in the transaction has a value of approximately $416 million. - Subsequent to the merger, INSW and Diamond S shareholders will own approximately 55.75% and 44.25% of the combined company, respectively, using fully diluted share counts as of March 30, 2021. - INSW will assume Diamond S’ net debt, which was $5652 million as of December 31, 2020. - Immediately prior to the closing of the transaction, existing INSW shareholders will also receive a special dividend of $1.10 per share. - Diamond S’ affiliate management agreements with Capital Ship Management (“CSM”) will be phased out over time, without interruption to the key customers being served by the vessels under CSM management. - The merger, which is expected to close in the third quarter of 2021, is subject to the approval of the shareholders of INSW and Diamond S, regulatory approvals, and other customary closing conditions. - The Board of Directors of INSW will comprise seven representatives of INSW and three representatives of Diamond S. - A group of shareholders, representing approximately 14% and 29% of the issued and outstanding shares of INSW and Diamond S, respectively, has committed to vote in favor of the merger, subject to the terms and conditions contained in voting agreements reached with INSW and Diamond S. - Following the merger, INSW will remain listed on the NYSE under the symbol “INSW”. - INSW and Diamond S received support for the transaction from the Diamond S bank group, led by Nordea Bank Abp, Crédit Agricole Corporate and Investment Bank and Skandinaviska Enskilda Banken AB (publ), who each also form key parts of INSW’s lending group, and along with the remaining banks in the group have provided consents and agreed to amend their loan facilities. For further information about the merger, please refer to the Registration Statement to be filed with the SEC by INSW. 1 Includes two FSOs held in a joint venture 2 Reflects the impacts of 2 vessel sales by Diamond S during the first quarter of 2021, and excludes the $1.10 per share special dividend payable to INSW shareholders and the estimated transaction costs relating to the merger. Advisors Jefferies LLC is serving as INSW’s financial advisor for the transaction with Cleary Gottlieb Steen & Hamilton LLP and Holland & Knight LLP acting as its legal advisors. Moelis & Company LLC is serving as Diamond S’ financial advisor for the transaction, with White & Case LLP and Seward & Kissel LLP acting as its legal advisors. Conference Call The Company will host a conference call to discuss the transaction at 9:00 a.m. Eastern Time (“ET”) on Wednesday, March 31, 2021. To access the call, participants should dial (855) 940-9471 for domestic callers and (412) 317-5211 for international callers. Please dial in ten minutes prior to the start of the call. A live webcast of the conference call will be available from the Investor Relations section of the Company’s website at www.intlseas.com. An audio replay of the conference call will be available starting at 12:00 p.m. ET on Wednesday, March 31, 2021 through 11:59 p.m. ET on Wednesday, April 7, 2021 by dialing (877) 344-7529 for domestic callers and (412) 317-0088 for international callers, and entering Access Code 10153838. About International Seaways, Inc. International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. INSW owns and operates a fleet of 36 vessels, including 11 VLCCs, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s and 4 MR tankers. Through joint ventures, it has ownership interests in two floating storage and offloading service vessels. INSW has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. INSW is headquartered in New York City, NY. Additional information is available at www.intlseas.com. About Diamond S Shipping Inc. Diamond S Shipping Inc. (NYSE: DSSI) owns and operates 64 vessels on the water, including 13 Suezmaxes, 1 Aframax and 50 MR tankers. DSSI is one of the largest energy shipping companies providing seaborne transportation of crude oil, refined petroleum and other petroleum products. The Company is headquartered in Greenwich, CT. More information about DSSI can be found at www.diamondsshipping.com. Forward-Looking Statements This release contains forward-looking statements. In addition, INSW or Diamond S may make or approve certain statements in future filings with the Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by their representatives. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to the timing and likelihood of the completion of the proposed transaction or any anticipated synergies or other benefits therefrom, the accounting or tax treatments of the proposed transaction, customer reactions to the proposed transaction, any plans to issue dividends, the parties’ prospects, including statements regarding vessel acquisitions, trends in the tanker markets, and possibilities of strategic alliances and investments. Forward-looking statements are based on INSW’s and Diamond S’ current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Annual Report on Form 10-K for 2020 for INSW and Diamond S, and in similar sections of other filings made by INSW and Diamond S with the SEC from time to time. INSW and Diamond S assume no obligation to update or revise any forward-looking statements. Forward-looking statements and written and oral forward-looking statements attributable to INSW and Diamond S or their representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by INSW or Diamond S with the SEC. Additional Information and Where to Find It This communication may be deemed to be solicitation material in respect of the proposed transaction between INSW and Diamond S. In connection with the proposed transaction, INSW intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include a joint proxy statement of INSW and Diamond S that also constitutes a prospectus of INSW. INSW and Diamond S may also file other documents with the SEC regarding the proposed transaction. This communication is not a substitute for the joint proxy statement/prospectus, Form S-4 or any other document which INSW or Diamond S may file with the SEC. Investors and security holders of INSW and Diamond S are urged to read the joint proxy statement/prospectus, Form S-4 and all other relevant documents filed or to be filed with the SEC carefully when they become available because they will contain important information about INSW, Diamond S, the transaction and related matters. Investors will be able to obtain free copies of the joint proxy statement/prospectus and Form S-4 (when available) and other documents filed with the SEC by INSW and Diamond S through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by INSW will be made available free of charge on INSW’s investor relations website at https://www.intlseas.com/investor-relations. Copies of documents filed with the SEC by Diamond S will be made available free of charge on Diamond S’ investor relations website at https://diamondsshipping.com/investor-relations. No Offer or Solicitation This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Participants in the Solicitation INSW, Diamond S and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of INSW and Diamond S securities in connection with the contemplated transaction. Information regarding these directors and executive officers and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Form S-4 and joint proxy statement/prospectus regarding the proposed transaction (when available) and other relevant materials to be filed with the SEC by INSW and Diamond S. Information regarding INSW’s directors and executive officers is available in INSW’s proxy statement relating to its 2020 annual meeting of stockholders filed with the SEC on April 29, 2020. Information regarding Diamond S’ directors and executive officers is available in Diamond S’ proxy statement relating to its 2020 annual meeting of shareholders filed with the SEC on April 16, 2020. These documents will be available free of charge from the sources indicated above.
- 03/31/2021
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Diamond S Shipping (DSSI) Reports Q4 Loss, Lags Revenue Estimates
- Diamond S Shipping (DSSI) delivered earnings and revenue surprises of -22.41% and -2.23%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 03/12/2021
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Diamond S Shipping: Q4 Earnings Insights
- 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).
- 03/12/2021
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Diamond S Shipping Inc. Reports Fourth Quarter 2020 Results
- GREENWICH, Conn.--(BUSINESS WIRE)--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.
- 03/12/2021
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Diamond S Shipping Inc. Announces Fourth Quarter 2020 Earnings Release and Conference Call
- GREENWICH, Conn.--(BUSINESS WIRE)--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
- 03/08/2021
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Diamond S Shipping (DSSI) Enters Overbought Territory
- Diamond S Shipping (DSSI) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
- 02/11/2021
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Diamond S Shipping Inc. Provides an Update on an Incident Involving One of Its Vessels
- GREENWICH, Conn.--(BUSINESS WIRE)--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 wil
- 01/07/2021
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Diamond S Shipping Inc. Comments on an Incident Involving One of Its Vessels
- GREENWICH, Conn.--(BUSINESS WIRE)--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 th
- 11/30/2020
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Diamond S Shipping Inc. (DSSI) CEO Craig Stevenson on Q3 2020 Results - Earnings Call Transcript
- Diamond S Shipping Inc. (DSSI) CEO Craig Stevenson on Q3 2020 Results - Earnings Call Transcript
- 11/16/2020
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Diamond S Shipping: Q3 Earnings Insights
- Shares of Diamond S Shipping (NYSE:DSSI) decreased 0.2% after the company reported Q3 results. Quarterly Results Earnings per share decreased 26.32% over the past year to ($0.24), which missed the estimate of ($0.21).
- 11/16/2020
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Diamond S Shipping Inc. Announces Third Quarter 2020 Earnings Release and Conference Call
- GREENWICH, Conn.--(BUSINESS WIRE)--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
- 11/09/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q2 2020 Update
- Prem Watsa’s 13F portfolio value increased from $1.44B to $1.59B this quarter. Fairfax Financials’ largest three stakes are Atlas Corp., BlackBerry, and Kennedy-Wilson.
- 08/26/2020
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Buy Euronav: Recovery Play With Strong Fundamentals
- I recently published a sector review suggesting maritime shipping is the best post COVID-19 opportunity.
- 08/18/2020
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How COVID-19 Is Influencing Shipping's Long-Term Outlook
- Shipping's reality from 2009-18 was defined by historic bear markets. Mid-2018 signaled a turning point for many segments, and even shipping at large.
- 08/17/2020
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Diamond S Shipping Inc. (DSSI) Q2 2020 Earnings Call Transcript
- Image source: The Motley Fool. Diamond S Shipping Inc. (NYSE: DSSI)Q2 2020 Earnings CallAug 13, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen.
- 08/13/2020
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Diamond S Shipping Inc. (DSSI) Q2 Earnings and Revenues Lag Estimates
- Diamond S Shipping Inc. (DSSI) delivered earnings and revenue surprises of -8.06% and -16.21%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/13/2020
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Diamond S Shipping's (DSSI) CEO Craig Stevenson on Q2 2020 Results - Earnings Call Transcript
- Diamond S Shipping, Inc. (NYSE:DSSI) Q2 2020 Earnings Conference Call August 13, 2020, 8:00 am ET Company Participants Craig Stevenson - CEO Kevin Kilcullen - CFO Michael Fogarty - SVP, Commercial Sanjay Sukhrani - COO Conference Call Participants Ben Nolan - Stifel Omar Nokta - Clarksons Platou Liam Burke - B.
- 08/13/2020
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Recap: Diamond S Shipping Q2 Earnings
- Shares of Diamond S Shipping (NYSE:DSSI) rose 1.7% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 642.86% over the past year to $1.14, which missed the estimate of $1.31.Revenue of $183,553,000 higher by 22.95% year over year, which beat the estimate of $175,130,000.Outlook Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Aug 13, 2020View more earnings on DSSITime: 08:00 AMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.diamondsshipping.com%2Foverview%2Fdefault.aspx&eventid=2403148&sessionid=1&key=207D05C0D601D3621FA330350EE930C0®Tag=&sourcepage=registerRecent Stock Performance 52-week high: $17.5052-week low: $7.63Price action over last quarter: down 17.85%Company Overview Diamond S Shipping Inc provides seaborne transportation of crude oil and refined petroleum and other products in the international shipping markets. It is the owner and operator of modern medium range, or MR, product tankers. It operates through two reportable segments, Crude Tankers and Product Carriers.See more from Benzinga * Earnings Scheduled For August 13, 2020 * Stocks That Hit 52-Week Lows On Friday * Stocks That Hit 52-Week Lows On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/13/2020
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Diamond S Shipping Inc. Reports Second Quarter 2020 Results
- 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.
- 08/13/2020
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Diamond S Shipping Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Diamond S Shipping Inc. in conjunction with their 2020 Q2 earnings call..
- 08/13/2020
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Diamond S Shipping Inc. Announces Second Quarter 2020 Earnings Release and Conference Call
- 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.
- 08/06/2020
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Diamond S Shipping Inc. (DSSI) to Report Q2 Results: Wall Street Expects Earnings Growth
- Diamond S Shipping Inc. (DSSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/29/2020
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Is Diamond S Shipping Inc. (DSSI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/09/2020
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Diamond S Shipping Sees Hammer Chart Pattern: Time to Buy?
- Diamond S Shipping has been struggling lately, but the selling pressure may be coming to an end soon.
- 06/29/2020
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Is Diamond S Shipping Inc. (DSSI) A Good Stock To Buy?
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
- 06/28/2020
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Pick These 5 Bargain Stocks With Alluring EV/EBITDA Ratios
- We have screened bargain stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.
- 06/24/2020
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+105% In 13 Weeks - The 'Crisis Composite' Strategy Still Crushing The Market
- During the COVID-19 Crisis, I’ve been writing about a unique stock strategy that has outperformed the markets in several of the last crises since 1974. My take
- 06/22/2020
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Is Diamond S Shipping Inc. (DSSI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/22/2020
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Diamond S Shipping Inc. Announces Strategic Product Tanker Partnership With NORDEN
- 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 the product tanker space to the global network of NPP. Pro forma the contribution of DiaNor ships, the Norient Product Pool will manage approximately 150 tankers and become one of the largest operators of medium range (MR) product tankers in the world.
- 06/16/2020
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Can Diamond S Shipping Inc. (DSSI) Run Higher on Rising Earnings Estimates?
- Diamond S Shipping Inc. (DSSI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/09/2020
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Is Diamond S Shipping Inc. (DSSI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/04/2020
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Zacks.com featured highlights include: Donnelley Financial Solutions, Celestica, United States Cellular, Diamond S Shipping and Heritage Insurance
- Zacks.com featured highlights include: Donnelley Financial Solutions, Celestica, United States Cellular, Diamond S Shipping and Heritage Insurance
- 05/27/2020
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Tap These 5 Bargain Stocks With Enticing EV/EBITDA Ratios
- We have screened bargain stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.
- 05/26/2020
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Top Ranked Value Stocks to Buy for May 22nd
- Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 22nd
- 05/22/2020
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Is Diamond S Shipping Inc. (DSSI) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/19/2020
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Top Ranked Value Stocks to Buy for May 14th
- Top Ranked Value Stocks to Buy for May 14th
- 05/14/2020
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New Strong Buy Stocks for May 14th
- New Strong Buy Stocks for May 14th
- 05/14/2020
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Arnold Schneider Buys 4 Stocks in 1st Quarter
- Guru invests in equipment rental company, thermal management, oil and shipping Continue reading...
- 05/13/2020
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Here's Why Expeditors (EXPD) Shares Gain 6% in the Past Month
- Expeditors' (EXPD) efforts to add shareholder value via dividend payouts and repurchases are appreciative.
- 05/11/2020
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Bullish: Analysts Just Made An Upgrade To Their Diamond S Shipping Inc. (NYSE:DSSI) Forecasts
- Shareholders in Diamond S Shipping Inc. (NYSE:DSSI) may be thrilled to learn that the analysts have just delivered a...
- 05/10/2020
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Diamond S Shipping Inc. (DSSI) Q1 2020 Earnings Call Transcript
- Ladies and gentlemen, thank you for standing by and welcome to the Diamond S Shipping First Quarter 2020 Conference Call. On Slide 5, we all know oil is facing a significant demand destruction as a result of the impacts of the spread of COVID-19.
- 05/09/2020
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Top Ranked Value Stocks to Buy for May 8th
- Top Ranked Value Stocks to Buy for May 8th
- 05/08/2020
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Diamond S Shipping Inc (DSSI) Q1 Earnings and Revenues Surpass Estimates
- Diamond S Shipping Inc (DSSI) delivered earnings and revenue surprises of 43.59% and 14.90%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/08/2020
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Diamond S Shipping: Q1 Earnings Insights
- Shares of Diamond S Shipping (NYSE:DSSI) rose 8% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 2900.00% over the past year to $1.12, which beat the estimate of $0.83.Revenue of $209,725,000 rose by 104.30% from the same period last year, which beat the estimate of $151,960,000.Guidance Diamond S Shipping hasn't issued any earnings guidance for the time being.Diamond S Shipping hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 08, 2020View more earnings on DSSIWebcast URL: https://app.webinar.net/pjqx36DMLr1Price Action Company's 52-week high was at $17.50Company's 52-week low was at $8.62Price action over last quarter: Up 17.94%Company Description Diamond S Shipping Inc provides seaborne transportation of crude oil and refined petroleum and other products in the international shipping markets. It is the owner and operator of modern medium range, or MR, product tankers. It operates through two reportable segments, Crude Tankers and Product Carriers.See more from Benzinga * 20 Energy Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/08/2020
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Diamond S Shipping Inc. Reports First Quarter 2020 Results
- 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.
- 05/08/2020
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Diamond S Shipping Announces First Quarter 2020 Earnings Release and Conference Call
- 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.
- 05/02/2020
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Coronavirus Shopping List: Updated 12 Maritime Bargains
- 8 weeks ago, as COVID-19 was starting to ravage the global markets, I shared a list of '12 Maritime Bargains' to consider. I highlighted how shipping stocks wer
- 04/29/2020
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Performance Shipping - Well-Timed Foray Into Aframax Tankers Turns Out To Be A Major Winner
- Discussing company's recent transformation into an operator of Aframax tankers. Despite a long history of abusing outside equityholders, Performance Shipping re
- 04/28/2020
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Tanker Craziness Continues As Product Carriers Hit Record High
- The world's oil spigot cannot be turned off fast enough, and petroleum no one needs is now pouring into tanker cargo holds like rainwater into buckets under a leaky roof.Plunging oil demand has precipitated surging tanker demand. As the saying goes, "One man's misfortune is another man'
- 04/27/2020
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Tanker stocks on the rise; product tanker names poised to rally, Stifel says
- Tanker stocks are rallying, as WTI crude oil plunges again amid pressure from a huge glut: NAT +16.5%, TNP +11.2%, TK +8.9%, FRO +7.7%, ASC +7.3%, DHT +7.2%, TNK +7.1%, EURN +6.7%, DSSI +6.1%, STNG +4
- 04/27/2020
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20 Energy Stocks Moving In Monday's Pre-Market Session
- Gainers
• Martin Midstream Partners, Inc. (NASDAQ:MMLP) shares rose 31.85% to $3.27 during Monday's pre-market session. The most recent rating by Stifel, on Apr 24, is at...
- 04/27/2020
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Clear Creek Financial Management LLC Acquires Shares of 23,660 Diamond S Shipping Inc (NYSE:DSSI)
- Clear Creek Financial Management LLC acquired a new stake in Diamond S Shipping Inc (NYSE:DSSI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,660 shares of the company’s stock, valued at approximately $309,000. Clear Creek Financial Management LLC owned about 0.06% […]
- 04/24/2020
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Oil Chaos: Crude Tankers With Perfect Setup
- Due to COVID-19 shutdowns, oil markets are hopelessly oversupplied and conventional storage has rapidly filled. We saw the brutal reality of this storage crunch
- 04/21/2020
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Oil Hits Historic Low on Overwhelming Stockpiles: 6 Winners
- Lack of storage combined with production - that is still above world oil requirement - led to a collapse in oil price as demand dropped 30% in just a couple of months.
- 04/21/2020
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Oil Hits Historic Low on Overwhelming Stockpiles: 6 Winners
- Lack of storage combined with production - that is still above world oil requirement - led to a collapse in oil price as demand dropped 30% in just a couple of months.
- 04/21/2020
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Bank of New York Mellon Corp Grows Position in Diamond S Shipping Inc (NYSE:DSSI)
- Bank of New York Mellon Corp lifted its holdings in shares of Diamond S Shipping Inc (NYSE:DSSI) by 121.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,231 shares of the company’s stock after buying an additional 80,602 shares during the […]
- 04/20/2020
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Top Ranked Value Stocks to Buy for April 13th
- Top Ranked Value Stocks to Buy for April 13th
- 04/13/2020
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Top Ranked Value Stocks to Buy for April 13th
- Here are four stocks with buy rank and strong value characteristics for investors to consider today, April 13th
- 04/13/2020
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What I'm Buying Now - Part 2
- I am still looking for idiosyncratic longs in this environment that can outperform even a tough bear market. I'm looking for performance on a mid-term (1-3 year
- 04/12/2020
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Oil tanker freight rates tumble by nearly half from last week
- Supertanker freight rates have fallen after last week's highs as industry participants await the outcome of this week's OPEC+ meeting before making further bookings, Reuters reports.Freight rates coul
- 04/08/2020
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Zacks: Analysts Anticipate Diamond S Shipping Inc (NYSE:DSSI) Will Post Earnings of $0.77 Per Share
- Brokerages expect Diamond S Shipping Inc (NYSE:DSSI) to post earnings of $0.77 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Diamond S Shipping’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.56. Diamond S Shipping reported earnings per share of ($0.04) in the same quarter last […]
- 04/06/2020
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Global Shipping: Tankers Winning As Uncertainty Abounds
- COVID-19 is delivering a devastating impact to global markets, with oil routing the hardest due to a double-punch from the Saudi/Russia oil price war. Crude tan
- 04/02/2020
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VLCC charter rates skyrocket past $200K per day
- Oil tanker rates keep climbing, with benchmark Middle East-to-China rates rising another 2.8% overnight to WS 212.71, equating to daily earnings of $241K, according to Baltic Exchange data.Other major
- 04/01/2020
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Have Insiders Been Buying Diamond S Shipping Inc. (NYSE:DSSI) Shares?
- We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
- 03/31/2020
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Oil tanker rates keep surging amid one of 'greatest quarters in history'
- Supertanker freight rates are on the rise again as producers, refiners and traders scramble to secure ships for transport or storage amid an increasing global glut of oil.Freight rates for VLCCs along
- 03/30/2020
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Traders book more oil tankers for sea storage as rates surge
- Oil traders have chartered at least five supertankers in the past day with options to store oil at sea, as global stocks rise after the U.S. decided not to purchase oil for its emergency reserve, Reut
- 03/27/2020
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Oil tanker firm predicts 100M barrels of oil stored on ships
- The oversupplied market may drive as much as 100M barrels of oil into floating storage "and probably more," International Seaways (INSW +6.3%) CEO Lois Zabrocky tells Bloomberg."This is a
- 03/26/2020
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Connect Online with Crude Oil Tanker and Product Tanker Major Company Executives Get Expert Updates On Markets & Outlook
- NEW YORK, March 25, 2020 -- The digital forum is organized in partnership with Citi and in cooperation with the New York Stock Exchange and NASDAQ. Capital Link’s 14th Annual.
- 03/25/2020
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Diamond S Shipping Inc. Announces Record Date for Annual Meeting of Shareholders
- announces record date of AGM
- 03/24/2020
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Diamond S Shipping Inc. Announces Changes to Its Board of Directors
- 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 Holders"). Pursuant to the Director Designation Agreement, the Former CPLP Holders have the right to nominate a replacement director to fill the vacancy created by Mr. Ventouris’ resignation, and have so nominated Mr. George Cambanis to fill the vacancy on the Board.
- 03/24/2020
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Oil tanker rates slip from record highs but still above average - Reuters
- Shippers say crude oil freight rates are easing off record highs as charterers balk at the nosebleed charges and await Saudi volume plans for April, Reuters reports.At least nine VLCC provisional char
- 03/19/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q4 2019 Update
- Prem Watsa’s 13F portfolio value increased from $2.17B to $2.54B this quarter. Fairfax Financial’s largest three stakes are Atlas Corp., BlackBerry, and Kennedy
- 03/14/2020
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Product Tankers - Market Disconnect Presents Opportunity
- Product tanker stocks have tanked. Short-term demand destruction is a very real concern. However, history has shown these shocks have a timeline and trade norma
- 03/13/2020
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Biggest Oil Price War Winner: Crude Tankers
- When Russia refused to go along with proposed OPEC production cuts to support oil prices last week, Saudi Arabia retaliated by slashing benchmark prices, adding
- 03/13/2020
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Oil tanker rates extend gains as Saudis flood market
- Benchmark Middle East-China tanker rates surge another 15% to WS 178.75, equating to earnings of $194,297/day, to reach a fresh YTD high, Bloomberg reports.Other major VLCC rates also increased, inclu
- 03/12/2020
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Daily tanker earnings hit $300K in Saudi-led tonnage frenzy
- Oil traders and Asian refiners chartered another 25 Very Large Crude Carriers in the past 48 hours with rates hitting $300K/day, Lloyd's List reports.Maran Tankers-operated Maran Antares reportedly wa
- 03/11/2020
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Crude tanker rates jump as more oil output 'fantastic news'
- Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
- 03/09/2020
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B.Riley FBR Maintains Their Buy Rating on Diamond S Shipping (DSSI)
- In a report released today, Liam Burke from B.Riley FBR maintained a Buy rating on Diamond S Shipping (DSSI), with a price target of $25.00. The company's
- 03/06/2020
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B.Riley FBR Maintains Their Buy Rating on Diamond S Shipping (DSSI)
- In a report released today, Liam Burke from B.Riley FBR maintained a Buy rating on Diamond S Shipping (DSSI –
- 03/06/2020
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Coronavirus Shopping List: Top 12 Maritime Bargains
- After enjoying a phenomenal run in 2019, shipping stock trading ranges have collapsed and our portfolios have been bloodied. The Coronavirus continues to ravage
- 03/04/2020
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VLCC market to stay supported, International Seaways CEO says
- A bullish environment is ahead for the global tanker freight market despite temporary impacts of the coronavirus outbreak, International Seaways CEO (NYSE:INSW) Lois Zabrocky said today.Although overa
- 03/04/2020
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IMO 2020 Impacts To Shipping
- Shipping investors, and particularly tanker investors, were very bullish in mid-2019 ahead of the biggest regulatory shift in modern history: IMO 2020. Tanker s
- 02/06/2020
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Supertanker rates near five-month lows as virus hits China oil demand
- Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia sink to their lowest since mid-September as the coronavirus outbreak hit Chinese demand, Reuters reports."The market
- 02/03/2020
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14 Energy Stocks Moving In Friday's After-Market Session
- Gainers
Abraxas Petroleum, Inc. (NASDAQ: AXAS) stock moved upwards by 2.5% to $0.31 during Friday's after-market session. According to the most recent rating by Johnson Rice...
- 01/25/2020
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