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Wilbur Ross carrier expands ownership and product fleet

Diamond S Shipping adds equity fund CarVal Investors to its ownership, and the company now has a fleet of 33 MR ships.

Equity fund-owned Diamond S Shipping, which now owns 33 product tankers in the MR segment and which has American Wilbur Ross as its Chairman, has acquired an additional three ships of the same type from equity fund CarVal Investors.

And CarVal Investors CEO Ranjit Ahluwala joins the company's Board of Directors as a series of funds controlled by CarVal became "significant" investors in Diamond S, according to a press release.

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