Stolt-Nielsen Acquires Jo Tankers’ Chemical Fleet for $575 Million

Oslo-listed Stolt-Nielsen Limited (Oslo Børs: SNI) announced Monday an agreement to acquire the chemical tanker operations of Jo Tankers for approximately $575 million.  The transaction includes 13 chemical tankers and a 50% share in a joint venture for eight additional chemical tanker newbuildings. Eight of the existing ships have all-stainless steel tanks and range … [Read more...]

Passing of an Industry Giant: Jacob Stolt-Nielsen 1931- 2015

Jacob Stolt-Nielsen, a maritime and offshore industry giant has passed away today at his home in Oslo at age 83. Mr. Stolt-Nielsen saw an unbelieveable level of success over his professional life. The following summarizes some of his most notable accomplishments: 1959: Founded Stolt Tankers - now the world's largest chemical tanker company 1971: Founded Stolthaven … [Read more...]

Stolt-Nielsen Q4 Profit Misses Forecasts, Sees Difficult Tanker Market

OSLO, Jan 29 (Reuters) - Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market, even as lower fuel prices would help operations. 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 … [Read more...]

Stolt-Nielsen JV to Bring Small-Scale LNG to Eastern Canada

In support of mining and other industries in northeast Canada, Stolt-Nielsen Gas Ltd (SNG) has joined forces with SunLNG Holding and LNGaz in a new joint venture named Stolt LNGaz which is focused on developing a small scale LNG liquefaction and logistics services firm in Bécancour, Québec. SNG's plan is to liquefy pipeline gas terminating in southeastern Canada and then … [Read more...]

Wärtsilä to Power Half-Dozen Stolt Chemical Tankers

Wärtsilä has announced an order today from chemical tanker owner Stolt Tankers B.V. to supply the complete main propulsion systems for six new 38,000 dwt chemical tankers. The ships are being built at the Hudong-Zhonghua Shipbuilding Group yard in China and includes options for two additional vessels. The tankers will be 185 meters in length, with a 32.26 meter beam and … [Read more...]