Sec Form 13D Filing - Capital Maritime & Trading Corp. filing for Diamond S Shipping Inc. (DSSI) - 2020-03-10

  NAME OF REPORTING PERSON

  Capital Maritime & Trading Corp.

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC Use Only

  Source of Funds

  OO

  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

  ☐

  Citizenship or Place of Organization

  The Republic of the Marshall Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  SOLE VOTING POWER:

  None

  SHARED VOTING POWER:

  2,236,080⁽¹⁾

  SOLE DISPOSITIVE POWER:

  None

  SHARED DISPOSITIVE POWER:

  2,236,080⁽¹⁾

  AGGREGATE AMOUNT OWNED BY EACH BENEFICIALLY REPORTING PERSON

  2,236,080⁽¹⁾

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

  5.5%⁽²⁾

  TYPE OF REPORTING PERSON

  CO

Upon the distribution of 12,725,000 shares of common stock (the “Common Stock”) of Diamond S Shipping Inc. (the “Issuer”) on March 27, 2019 (the “Distribution”) by Capital Product Partners L.P. (“CPLP”) to the record holders of CPLP units, Capital Maritime & Trading Corp. (“Capital Maritime”) received 1,832,339 shares of Common Stock. Between March 6, 2020 and March 9, 2020 Capital Maritime purchased 403,741 shares of Common Stock in the open market at prevailing market prices. The Marinakis family, including Evangelos M. Marinakis, through its beneficial ownership of Capital Maritime, may be deemed to beneficially own the shares of Common Stock directly and indirectly held by Capital Maritime.

The percentages reported in this Schedule 13D are calculated using a denominator of 40,453,489 shares of Common Stock outstanding as of November 11, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on November 14, 2019 (the “Form 10-Q”).

  NAME OF REPORTING PERSON

  Crude Carriers Investments Corp.

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC Use Only

  Source of Funds

  OO

  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

  ☐

  Citizenship or Place of Organization

  The Republic of the Marshall Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  SOLE VOTING POWER:

  None

  SHARED VOTING POWER:

  322,250⁽¹⁾

  SOLE DISPOSITIVE POWER:

  None

  SHARED DISPOSITIVE POWER:

  322,250⁽¹⁾

  AGGREGATE AMOUNT OWNED BY EACH BENEFICIALLY REPORTING PERSON

  322,250⁽¹⁾

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

  0.8%⁽²⁾

  TYPE OF REPORTING PERSON

  CO

In the Distribution, Crude Carriers Investments Corp. (“CCIC”) received 322,250 shares of Common Stock. The Marinakis family, including Evangelos M. Marinakis, through its beneficial ownership of CCIC, may be deemed to beneficially own the shares of Common Stock held by CCIC.

All percentages of shares of Common Stock outstanding contained herein are based on 40,453,489 shares of Common Stock outstanding as of November 11, 2019, as reported in the Form 10-Q.

  NAME OF REPORTING PERSON

  Capital GP L.L.C.

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC Use Only

  Source of Funds

  OO

  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

  ☐

  Citizenship or Place of Organization

  The Republic of the Marshall Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  SOLE VOTING POWER:

  None

  SHARED VOTING POWER:

  239,414⁽¹⁾

  SOLE DISPOSITIVE POWER:

  None

  SHARED DISPOSITIVE POWER:

   239,414⁽¹⁾

  AGGREGATE AMOUNT OWNED BY EACH BENEFICIALLY REPORTING PERSON

  239,414^{(1) < /sup>}

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

  0.6%⁽²⁾

  TYPE OF REPORTING PERSON

  OO

In the Distribution, Capital GP L.L.C. (“Capital GP”) received 239,414 shares of Common Stock.

All percentages of shares of Common Stock outstanding contained herein are based on 40,453,489 shares of Common Stock outstanding as of November 11, 2019, as reported in the Form 10-Q.

  NAME OF REPORTING PERSON

  Miltiadis E. Marinakis

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC Use Only

  Source of Funds

  OO

  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

  ☐

  Citizenship or Place of Organization

  Greece

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  SOLE VOTING POWER:

  None

  SHARED VOTING POWER:

  239,414⁽¹⁾

  SOLE DISPOSITIVE POWER:

  None

  SHARED DISPOSITIVE POWER:

   239,414⁽¹⁾

  AGGREGATE AMOUNT OWNED BY EACH BENEFICIALLY REPORTING PERSON

  239,414⁽¹⁾

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

  0.6%⁽²⁾

  TYPE OF REPORTING PERSON

  IN

On April 26, 2019, Capital Maritime transferred all membership interests in Capital GP to a vehicle wholly owned by Miltiadis E. Marinakis as part of a reallocation of various shipping interests and businesses among members of the Marinakis family. Miltiadis E. Marinakis is the son of Evangelos M. Marinakis. Miltiadis E. Marinakis shares voting and dispositive power over the 239,414 shares of Common Stock that he may be deemed to beneficially own through his ownership of Capital GP with the Marinakis family, including Evangelos M. Marinakis. Miltiadis E. Marinakis may also be deemed to beneficially own some or all of the other shares of Common Stock that the Marinakis family may be deemed to beneficially own.

All percentages of shares of Common Stock outstanding contained herein are based on 40,453,489 shares of Common Stock outstanding as of November 11, 2019, as reported in the Form 10-Q.

  NAME OF REPORTING PERSON

  Evangelos M. Marinakis

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC Use Only

  Source of Funds

  OO

  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

  ☐

  Citizenship or Place of Organization

  Greece

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  SOLE VOTING POWER:

  None

  SHARED VOTING POWER:

  2,797,744⁽¹⁾

  SOLE DISPOSITIVE POWER:

  None

  SHARED DISPOSITIVE POWER:

  2,797,744⁽¹⁾

  AGGREGATE AMOUNT OWNED BY EACH BENEFICIALLY REPORTING PERSON

  2,797,744⁽¹⁾

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

  ☐

  PERCENT OF CLASS RE PRESENTED BY AMOUNT IN ROW (11)

  6.9%⁽²⁾

  TYPE OF REPORTING PERSON

  IN

Represents the number of shares of Common Stock held by Capital Maritime, CCIC and Capital GP that may be deemed to be beneficially owned by the Marinakis family, including Evangelos M. Marinakis.

All percentages of shares of Common Stock outstanding contained herein are based on 40,453,489 shares of Common Stock outstanding as of November 11, 2019, as reported in the Form 10-Q.

Security and Issuer.

Identity and Background.

Source and Amount of Funds or Other Consideration.

Purpose of Transaction.

Interest in Securities of the Issuer.

Reporting Person

Capital Maritime⁽¹⁾

CCIC⁽²⁾

Capital GP⁽³⁾

Miltiadis E. Marinakis⁽⁴⁾

Evangelos M. Marinakis^(1)(2)(3)(4)

Capital Maritime shares voting and dispositive power over the 2,236,080 shares of Common Stock that it beneficially owns with the Marinakis family, including Evangelos M. Marinakis.

CCIC shares voting and dispositive power over the 322,250 shares of Common Stock that it beneficially owns with the Marinakis family, including Evangelos M. Marinakis.

Capital GP shares voting and dispositive power over the 239,414 shares of Common Stock that it beneficially owns with the Marinakis family, including Evangelos M. Marinakis.

Miltiadis E. Marinakis shares voting and dispositive power over the 239,414 shares of Common Stock that he may be deemed to beneficially own through his ownership of Capital GP with the Marinakis family, including Evangelos M. Marinakis. Miltiadis E. Marinakis may also be deemed to beneficially own some or all of the other shares of Common Stock that the Marinakis family may be deemed to beneficially own.

Name and Position

Principal Business Address

Citizenship

Name and Position

Principal Business Address

Citizenship

Name and Position

Principal Business Address

Citizenship