Diamond S Shipping is merging with Evangelos Marinakis’ Capital Product Partners in a $1.65bn deal, creating one of the world’s largest tanker companies and fulfilling Diamond’s long-held goal of becoming a public owner.
The companies jointly announced the all-stock deal tonight, saying the combined entity will keep the Diamond S name and allow chief executive Craig H Stevenson Jr to remain chief executive, with his management team in senior positions.
