Wilbur Ross-backed Diamond S Shipping intends to employ a clutch of tankers redelivered by bankrupt owner Overseas Shipholding Group (OSG) in a mixture of period cover and spot work, its top executive tells TradeWinds.

Diamond S chief Craig H Stevenson Jr said in a sideline interview at the annual Connecticut Maritime Association (CMA) conference that the plan had always been to have period cover on the tankers and that will not change radically.

“We