In a rough quarter for tankers, it was especially rough for Diamond S Shipping.
The Connecticut-based owner of both crude and product tankers reported a $33.6m loss for the first three months of 2021. The figure dropped to $28.8m when items associated with its effort to merge with International Seaways are taken into account.
The unadjusted loss was $0.84 per share and $0.72
