Item 8.01. Other Events.

The Board of Directors of Diamond S Shipping Inc. (the "Company") has approved the sale of two 2008-built suezmax vessels, the Aias and Amoureux, to an unrelated third party. The Company reached agreements to sell the vessels for approximately $45 million in aggregate gross proceeds, which, after debt repayment, is expected to generate approximately $18 million in net proceeds before settlement of working capital. Delivery of the Aias and Amoureux are expected to take place in the first half of the first quarter of 2021, and the Company expects to record an aggregate loss of approximately $26 million relating to the sale of these vessels in its results for the year ended December 31, 2020.

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