SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* WLR Recovery Fund IV DSS AIV, L.P. (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Diamond S Shipping Inc. [ DSSI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/25/2019
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/25/2019		S		660,870	D	$13.475	9,039,260	I	See footnotes(1)(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* WLR Recovery Fund IV DSS AIV, L.P. (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WLR IV PARALLEL ESC LP (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WLR V Parallel ESC, L.P. (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WLR Recovery Associates IV DSS AIV, L.P. (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WLR Recovery Associates IV DSS AIV GP, Ltd. (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* INVESCO WLR IV Associates LLC (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Invesco WLR V Associates LLC (Last) (First) (Middle) 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Invesco Private Capital, Inc. (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WL ROSS & CO LLC (Last) (First) (Middle) C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10036 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Represents 5,293,173 shares held directly by WLR Recovery Fund IV DSS AIV, L.P., 1,210,633 shares held directly by WLR Recovery Fund V DSS AIV, L.P., 1,807,852 shares held directly by WLR Select Co-Investment, L.P., 696,626 shares held directly by WLR/GS Master Co-Investment, L.P., 19,605 common shares held directly by WLR IV Parallel ESC, L.P. and 11,371 shares held directly by WLR V Parallel ESC, L.P. (collectively, the "WLR Investors").

2. WLR Recovery Associates IV DSS AIV GP, Ltd. is the general partner of WLR Recovery Associates IV DSS AIV, L.P., which in turn is the general partner of WLR Recovery Fund IV DSS AIV, L.P. WLR Recovery Associates V DSS AIV GP, Ltd. is the general partner of WLR Recovery Associates V DSS AIV, L.P., which in turn is the general partner of WLR Recovery Fund V DSS AIV, L.P. WLR Select Associates DSS GP, Ltd. is the general partner of WLR Select Associates DSS, L.P., which in turn is the general partner of WLR Select Co-Investment, L.P. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Master Co-Investment, L.P. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is the general partner of WLR IV Parallel ESC, L.P. Invesco Private Capital, Inc. is the managing member of INVESCO WLR V Associates LLC, which is the general partner of WLR V Parallel ESC, L.P. WL Ross & Co. LLC serves as the investment manager to each of the WLR Investors.

Remarks:

Due to the limitations of the SEC's electronic filing system, each of WLR Recovery Fund V DSS AIV, L.P., WLR Select Co-Investment, L.P., WLR/GS Master Co-Investment, L.P., WLR Recovery Associates V DSS AIV, L.P., WLR Recovery Associates V DSS AIV GP, Ltd., WLR Select Associates DSS, L.P., WLR Select Associates DSS GP, Ltd. and WLR Master Co-Investment GP, LLC have filed a separate Form 4 disclosing ownership of the shares reported herein.

	WLR Recovery Fund IV DSS AIV, L.P., By: WLR Recovery Associates IV DSS AIV, L.P., its General Partner, By: WLR Recovery Associates IV DSS AIV GP, Ltd., its General Partner, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Director	11/27/2019
	WLR IV Parallel ESC, L.P., By: Invesco WLR IV Associates LLC, its General Partner, By: Invesco Private Capital, Inc., its Managing Member, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Senior Managing Director	11/27/2019
	WLR V Parallel ESC, L.P., By: Invesco WLR V Associates LLC, its General Partner, By: Invesco Private Capital, Inc., its Managing Member, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Senior Managing Director	11/27/2019
	WLR Recovery Associates IV DSS AIV, L.P., By: WLR Recovery Associates IV DSS AIV GP, Ltd., its General Partner, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Director	11/27/2019
	WLR Recovery Associates IV DSS AIV GP, Ltd., By: /s/ Stephen Toy, Name: Stephen Toy, Title: Director	11/27/2019
	Invesco WLR IV Associates LLC, By: Invesco Private Capital, Inc., its Managing Member, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Senior Managing Director	11/27/2019
	Invesco WLR V Associates LLC, By: Invesco Private Capital, Inc., its Managing Member, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Senior Managing Director	11/27/2019
	Invesco Private Capital, Inc., By: /s/ Stephen Toy, Name: Stephen Toy, Title: Senior Managing Director	11/27/2019
	WL Ross & Co. LLC, By: /s/ Stephen Toy, Name: Stephen Toy, Title: Senior Managing Director	11/27/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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