Wilbur Ross ready to stock-list product carrier

American equity fund investor Wilbur Ross, along with other investors in Diamond S Shipping Group, plans to raise USD 100 million to purchase more ships.

BY OLE ANDERSEN

Diamond S Shipping Group, whose financiers include American equity fund investor Wilbur Ross, plans to raise USD 100 million through an IPO on the New York Stock Exchange, according to a press release on Tuesday. The proceeds will primarily be used to purchase product tankers.

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