Diamond S. Shipping was formed as a strategic partnership between First Reserve Corporation and Pecos Shipping, a company owned by shipping industry veteran Craig Stevenson, Jr.
In 2010, Diamond S entered into contracts with Korean shipyards to build eight Suezmax tankers and two LR2 tankers which were delivered in 2012.
In 2011, Diamond S expanded its shareholder base. This effort was led by world class investors W.L. Ross & Co. which included China Investment Corporation, Fairfax Financial Holdings Limited, Morgan Creek Capital Management and PPM America Capital Partners.
Our fleet of 10 vessels are trading in the market and earning revenue through commercial pool arrangements.
Chief Executive Officer Craig Stevenson, Jr. leads our management team and has over 40 years of experience in the shipping industry. Our management team strives to maintain high standards of performance, cost-efficient operations, reliability and safety in all of our operations.