Diamond S Shipping Inc. (DSSI) Tops Q2 EPS by 25c, Revenues Beat

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Diamond S Shipping Inc. Reports Second Quarter 2019 Results

August 7, 2019 6:45 AM EDT

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 second quarter of 2019.

Highlights

-- The Company operated all 68 vessels for a full quarter following completion of the merger on March 27, 2019 resulting in an increase in vessel operating days for the quarter by more than 50%.

-- Net debt at June 30, 2019 was $876.8 million implying a debt to asset value leverage ratio of 50%.

-- For... More