stolt valor

Crewmember Missing After Explosion Rocks Tanker in Persian Gulf

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March 15, 2012

stolt valor(Dow Jones) Norwegian shipping company Stolt-Nielsen Ltd. (SNI.OS) said Thursday that its Stolt Tankers B.V. unit, operator and owner of MT Stolt Valor, confirms that the vessel suffered an explosion on board whilst transiting the Persian Gulf.

-A coalition warship is presently on site and is providing assistance.

-Company understands that 24 of the 25 crewmembers are safe and on board the coalition vessel.

-One crewmember is currently missing.

-Stolt is working in close cooperation with the authorities on site in order to establish the whereabouts of the missing seafarer and the condition of the vessel.

-Shares closed Wednesday at NOK123.

-By Dominic Chopping; Dow Jones Newswires

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