ShippingWatch

Ross sells stake in shipping firm not tied to recent criticism

Wilbur Ross sells his stake in carrier Diamond S Shipping. The US Commerce Secretary received criticism this week of his ownership stake in another shipping firm allegedly tied to Russian interests subject to US sanctions.

Photo: Manuel Balce Ceneta/AP/ritzau/Arkiv

US Commerce Secretary Wilbur Ross has sold his stake in a global shipping company, according to a report by the Center for Public Integrity, but not the one that has drawn criticism from members of Congress.

Ross sold his stake in Diamond S Shipping Group Inc., whose tanker fleet transports petroleum and other products, Commerce Department spokesman James Rockas told the nonprofit investigative reporting group. Rockas did not provide any additional details to the group on the sale.

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