Diamond S Shipping stock | Growth outlook for 2026 & price target

Diamond S Shipping

NYSE:DSSI

$ 9,69

+ $0,19 (2,00%)

9,69 $

+$0,19 (2,00%)

End-of-day quote: 07/15/2021

Diamond S Shipping Stock Value

The current analyst rating for NYSE:DSSI is sf_Data Unavailable.

Diamond S Shipping Company Info

EPS Growth 5Y

0,00%

Market Cap

$0,39 B

Long-Term Debt

$0,03 B

Short Interest

0,00%

Annual earnings

N/A

Dividend

$0,00

Dividend Yield

0,00%

Founded

2018

Industry

Industrials

Country

United States

ISIN Number

MHY206761055

Website

http://www.diamondsshipping.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

There are currently no price targets available for this stock.

In the last five quarters, Diamond S Shipping’s Price Target has risen from $14,30 to $14,30 - a 0,00% increase.

Top growth stocks in the industrials sector (5Y.)

What does Diamond S Shipping do?

Diamond S Shipping Inc. provides seaborne transportation of crude oil, refined petroleum, and other products in the international shipping markets. As of March 20, 2020, the company’s operating fleet consisted of 66 vessels with an aggregate carrying capacity of approximately five million deadweight ton. The company’s vessel operations are composed of two segments: crude tankers, which consists of 15 Suezmax vessels and one Aframax vessel, and product tankers, which consists of 50 medium range...

The company’s vessel operations are composed of two segments: crude tankers, which consists of 15 Suezmax vessels and one Aframax vessel, and product tankers, which consists of 50 medium range vessels.

The company owns and operates crude and product tankers worldwide. The average age of its overall fleet is approximately 9.5 years weighted by deadweight ton and ownership for the calendar year 2020. The company’s medium range fleet has an average age of approximately 11.5 years. Its Suezmax fleet has an average age of approximately 7.6 years.

The company’s full fleet of 66 vessels is active in the market and earning revenue. Its customers primarily include charterers, which include fully integrated oil companies (oil majors), smaller oil companies (refiners), oil traders, large oil distributors, governments and national oil companies, and storage facility operators.

The company pursues a chartering strategy that seeks an optimal mix of employment of its vessels. It operates its vessels in both spot and time charter markets, with approximately 20% of its fleet on time charters with average remaining charter term of 0.9 years as of March 20, 2020.

The company sold the M/T Atlantic Aquarius and M/T Atlantic Leo in 2019. The company owns 51% of the entity (NT Suez Holdco LLC) that owns these two crude tankers.

Strategy

The company’s strategy is to navigate this volatile environment and manage its fleet in a manner that allows it to build upon its position as a leading provider of international seaborne transportation of crude oil and petroleum products. The key pillars of the company’s strategy are to optimize fleet mix; and opportunistic asset management.

Seasonality

The company’s tankers operate in markets that have historically exhibited seasonal variations in tanker demand and, therefore, in spot charter rates. This seasonality might result in quarter-to-quarter (year ended December 31, 2019) volatility in its results of operations.

Regulations

The company’s operations are also subject to environmental standards and requirements contained in the International Management Code for the Safe Operation of Ships and for Pollution Prevention, promulgated by the International Maritime Organisation under Chapter IX of SOLAS. Its technical managers have obtained applicable documents of compliance and safety management certificates for all of its vessels to the extent required by the International Maritime Organisation. The company and its technical manager are also operating in compliance with several International Organization for Standardization and in accordance with the International Management Code for the Safe Operation of Ships and for Pollution Prevention and maintain the documents of compliance to manage tankers.

History

Diamond S Shipping Inc. was founded in 2018.

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Diamond S Shipping Stock Value

Diamond S Shipping Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Diamond S Shipping do?

Offer & Services

Service & Collaboration

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Explore

Diamond S Shipping Stock Value

Diamond S Shipping Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Diamond S Shipping do?

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.