Diamond S Shipping will add additional tankers when the timing is right, but will not pursue "growth for growth's sake."

The US suezmax and MR owner's top management told a conference call with analysts that it will make "thoughtful decisions" on expansion in markets muddied by the uncertainty caused by the Covid-19 coronavirus outbreak.

"With respect to additional ship purchases, our fleet position has never been static," chief financial officer Kevin Kilcullen said.