Diamond S Shipping Inc. Provides an Update on an Incident Involving One of Its Vessels

Rhea-AI Summary

Diamond S Shipping Inc. (NYSE: DSSI) has announced the safe release of four crew members who were kidnapped from the product tanker Agisilaos on November 29, 2020. The crew members were freed on January 6, 2021, and will undergo medical examinations. Diamond S expressed gratitude to all parties involved in their safe return. Due to the sensitive nature of this incident, the Company will not provide further updates.

Diamond S operates 65 vessels, including Suezmax, Aframax, and medium-range product tankers, positioning itself as a major player in the energy shipping sector.

Positive

• All four kidnapped crew members are safe and have been released.
• The Company demonstrated effective crisis management in ensuring the crew's safety.

Negative

• The incident highlights potential security risks associated with maritime operations.

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S” or the “Company”) announced that the four crew members who had been kidnapped from one of its product tanker vessels, the Agisilaos, on November 29, 2020 were released yesterday, January 6, 2021. All four crew members are safe and will undergo further medical examinations today. Diamond S would like to thank all those involved in securing their release. Due to the sensitive nature of the incident, Diamond S will provide no further updates on this matter.

About Diamond S Shipping Inc.

Diamond S Shipping Inc. (NYSE Ticker: DSSI) owns and operates 65 vessels on the water, including 14 Suezmax vessels, one Aframax and 50 medium-range (MR) product tankers. Diamond S Shipping is one of the largest energy shipping companies providing seaborne transportation of crude oil and refined petroleum products in the international shipping markets. The Company is headquartered in Greenwich, CT. More information about the Company can be found at www.diamondsshipping.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210107005842/en/

FAQ

When were the kidnapped crew members of Diamond S Shipping released?

The four crew members were released on January 6, 2021.

What happened to the crew of the Agisilaos?

Four crew members were kidnapped from the Agisilaos on November 29, 2020, and were safely released later.

What does Diamond S Shipping do?

Diamond S Shipping operates a fleet of vessels providing seaborne transportation of crude oil and refined petroleum products.

What is the stock symbol for Diamond S Shipping?

The stock symbol for Diamond S Shipping is DSSI.