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 V 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) 12/04/2019
	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	12/04/2019		S		99,130	D	$13.475	8,940,130	I	see footnote(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 V 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 Select Co-Investment, 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/GS Master Co-Investment, L.P. (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* WLR Recovery Associates V 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 V 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* WLR Select Associates DSS, 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 Select Associates DSS 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* WLR Master Co-Investment GP 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 5,235,125 shares held directly by WLR Recovery Fund IV DSS AIV, L.P., 1,197,357 shares held directly by WLR Recovery Fund V DSS AIV, L.P., 1,788,026 shares held directly by WLR Select Co-Investment, L.P., 688,986 shares held directly by WLR/GS Master Co-Investment, L.P., 19,390 common shares held directly by WLR IV Parallel ESC, L.P. and 11,246 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 IV DSS AIV, L.P., WLR IV Parallel ESC, L.P., WLR V Parallel ESC, L.P., WLR Recovery Associates IV DSS AIV, L.P., WLR Recovery Associates IV DSS AIV GP, Ltd., INVESCO WLR IV Associates LLC, INVESCO WLR V Associates LLC, Invesco Private Capital, Inc. and WL Ross & Co. LLC have filed a separate Form 4 disclosing ownership of the shares reported herein.

	WLR Recovery Fund V DSS AIV, L.P. By: WLR Recovery Associates V DSS AIV, L.P., its General Partner By: WLR Recovery Associates V DSS AIV GP, Ltd., its General Partner By: /s/ Stephen Toy Name: Stephen Toy Title: Director	12/05/2019
	WLR Select Co-Investment, L.P. By: WLR Select Associates DSS, L.P., its General Partner By: WLR Select Associates DSS GP, Ltd., its General Partner By: /s/ Stephen Toy Name: Stephen Toy Title: Director	12/05/2019
	WLR/GS Master Co-Investment, L.P. By: WLR Master Co-Investment GP, LLC, its general partner By: /s/ Lee Phegley Name: Lee Phegley Title: Authorized Signatory	12/05/2019
	WLR Recovery Associates V DSS AIV, L.P. By: WLR Recovery Associates V DSS AIV GP, Ltd., its General Partner By: /s/ Stephen Toy Name: Stephen Toy Title: Director	12/05/2019
	WLR Recovery Associates V DSS AIV GP, Ltd. By: /s/ Stephen Toy Name: Stephen Toy Title: Director	12/05/2019
	WLR Select Associates DSS, L.P. By: WLR Select Associates DSS GP, Ltd., its General Partner By: /s/ Stephen Toy Name: Stephen Toy Title: Director	12/05/2019
	WLR Select Associates DSS GP, Ltd. By: /s/ Stephen Toy Name: Stephen Toy Title: Director	12/05/2019
	WLR Master Co-Investment GP, LLC By: /s/ Lee Phegley Name: Lee Phegley Title: Authorized Signatory	12/05/2019
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.