Wilbur Ross-controlled Diamond S Shipping Group has revealed it is aiming for up to $224m in its New York IPO.

The Connecticut-based company said it would sell 14m shares at an expected price of between $14 and $16 per share.

Underwriters have a 30-day option to purchase up to an additional 2.1m shares.

Assuming the underwriters take up their full allotment, the company will have 49.43m