ShippingWatch

Media: Diamond S also headed into consolidation shuffle

Product tanker shipping company Diamond S is also looking into consolidation in the sector and has hired a financial consultant to explore future possibilities, reports Tradewinds.

Diamond S, created by former shipping magnate and current US Commerce Secretary Wilbur Ross, is exploring the possibilities of participating in consolidation in the product tanker sector.

According to a source speaking to Tradewinds, Diamond S has hired advisory house Moelis & Co to explore the possibilities of selling or merging Diamond S, as the institutional investors are looking for an exit from the product tanker shipping company.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs