Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Stolt-Nielsen’s fourth quarter net profit fell to $13.1 million from $35.2 million a year earlier, coming short of expectations for $21 million in a Reuters poll of analysts.
“We remain concerned about the market outlook for Stolt Tankers, as the order book now stands at over 30 percent in the parcel-tanker segment and the global economic outlook is uncertain,” it said. “With the prolonged challenging chemical tanker market, we have and will continue to challenge our cost structure.”
It added that lower bunker costs would eventually have a positive impact on its results but big parts of the savings would have to be passed onto contract customer. (Reporting by Balazs Koranyi, editing by Terje Solsvik)
(c) 2015 Thomson Reuters, All Rights Reserved
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