Marine link
 

Stolt Offshore

Stolt-Nielsen to Release 2Q Results

Stolt-Nielsen S.A. will release its second quarter results on Thursday, July 10th, 2003. A conference call will be held to discuss the earnings and review of business operations on Thursday, July 10th, 2003. The date for release of second quarter 2003 results has been delayed to permit Stolt Offshore S.A., a subsidiary of Stolt-Nielsen S.A., to discuss the major items of the Stolt Offshore S.A. Blueprint for financial recovery during Stolt Offshore S.A. investor conference call.


Stolt Offshore Wins $120M in Contracts

Stolt Offshore S.A. received contract awards and Letters of Intent totaling approximately $120 million from various customers operating in the North Sea. In the UK sector of the North Sea, BP has awarded Stolt Offshore two contracts totalling $12.4 million for construction and installation of the gas import/export system for Clair Phase 1 and the tie-in of the Clair oil export and gas import/export pipeline systems. BP has also awarded Stolt Offshore a contract, valued at approximately $19


Stolt Offshore Acquires Paragon Engineering Services

Stolt Offshore S.A. signed a letter of intent to acquire a majority ownership of Paragon Engineering Services Inc. (PES) of Houston from Kenneth Arnold, the current controlling shareholder. A new holding company, Paragon Engineering Services International (PESI), will be established which will operate from the existing PES office in Houston and through a new company, Paragon Europe (PE), in Paris. This represents an investment by Stolt Offshore of approximately $13 million


Stolt Offshore to Release Q4 and FY03 Results

Stolt Offshore S.A. will release its fourth quarter and full year 2003 results on Wednesday February 18, 2004. A conference call will be held to discuss the earnings and review business operations on Wednesday, February 18, 2004 at 2.00pm GMT.


Stolt Offshore Announces Results

Stolt Offshore S.A. announced unaudited results for the second quarter and six months ended on May 31, 2004. Tom Ehret, Chief Executive Officer, Stolt Offshore S.A., said: "Stolt Offshore's turnaround is now well advanced. The Group now has the financial resources to compete effectively in its chosen markets thanks to a much improved balance between equity and debt. Furthermore, 45 project wins, with a total value of $1


Stolt Offshore Appoints CFO

Stuart Jackson has been appointed as Chief Financial Officer for Stolt Offshore. He will start with the company on April 22, 2003. Stuart Jackson is a graduate Chartered Management Accountant with 19 years energy sector experience including 11 years in the oil and gas industry. He joined Marathon Oil in London in 1983 as a financial analyst before moving to LASMO in 1985 where he held various financial management positions in London, the Far East and North


Stolt-Nielsen Reports Talks with Lenders Continuing

Stolt-Nielsen S.A. ( said that while the waivers of covenant defaults granted by its primary lenders expired today, the Company and its lenders remain in constructive discussions aimed at establishing longer-term waivers. "We continue to work closely with our primary lenders toward longer-term waivers that will give us the necessary time to allow us to develop a sensible financial restructuring plan," said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA


Maritime Stocks Move Up

The Shipping Index at the Oslo Stock Exchange performed well in the quite summer month of July, rising 2.7 percent, and thus again lifting the maritime sector of shipping, offshore and cruise shares above the levels of year-end 1999. Within the sector, 29 shares rose during the month, while only 12 decreased in market value. Among the offshore stocks, Nortrans Offshore (NOL) were again strong, as in May, after a 10 percent fall in June


Stolt-Nielsen Makes Management Changes

Stolt-Nielsen has announced organizational and management changes at the company's Transportation Group. Jacob Stolt-Nielsen, Chairman of Stolt-Nielsen S.A. (SNSA), said: "The actions we are announcing today are aimed at putting the focus on the future of the business and reflect our plans for ensuring the long-term success of the Stolt-Nielsen Transportation Group, an outstanding company composed of excellent people."


Farstad Receives Letter of Intent from Norsk Hydro

Farstad Shipping ASA, in co-operation with Stolt Offshore AS, has received a Letter of Intent from Norsk Hydro for a 5 year charter, plus 3 yearly options, for the newbuilding Far Saga, which was deliverd from Simek AS on 31st of October. The vessel, a large platform supply vessel (PSV) of design UT 745 L, will be a part of Stolf Offshore AS' contract with Norsk Hydro for underwater services. Far Saga will operate in a PSV role for Norsk Hydro until necessary outfitting and mobilization for


Stolt-Nielsen Gas Takes Major Stake in LNG Logistics Start-Up

Courtesy Stolt-Nielsen Limited

  Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Stolt-Nielsen Gas Ltd. (SNG), SunLNG Holding Ltd. (SunLNG) and LNGaz Ltd. have agreed to form a new start-up focused on the development of small-scale LNG liquefaction and logistics services in Bécancour


Stolt-Nielsen Takes Stake in LNG Logistics Startup

Stolt-Nielsen Limited has announced  that Stolt-Nielsen Gas Ltd. (SNG), SunLNG Holding Ltd. (SunLNG) and LNGaz Ltd. have agreed to form a new startup focused on the development of small-scale LNG liquefaction and logistics services in Becancour, Quebec, Canada


Stolt-Nielsen Reports "Disappointing" Q1 Results

Photo: Stolt-Nielsen

Stolt-Nielsen Limited today reported unaudited results for the first quarter ended February 28, 2014, which included lower cargo volumes and down profits in most markets. Net profit attributable to shareholders in the first quarter was $18.6 million, with revenue of $516


Stolt-Nielsen to Present Q1 Results

Photo: Stolt-Nielsen

Stolt-Nielsen Limited (Oslo Bors: SNI) announced today that a presentation and video webcast to discuss the company's unaudited results for the first quarter of 2014 will be held on Thursday, April 03, 2014 at 3 p.m. CEST (9 a.m. EDT, 2 p.m. BST) in the auditorium at Swedbank, Filipstad Brygge 1


Stolt-Nielsen, Declares Interim Dividend

Stolt-Nielsen logo

Stolt-Nielsen Limited says it will pay an interim dividend of $0.50 per Common Share on December 11, 2013 to shareholders of record as of November 26, 2013.  In accordance with normal settlement practice, the shares will trade ex-dividend on and after November 22


Flexlife Makes Double Management Appointment

Jon Hawes (left) and Simon Hounsome

Flexlife, the subsea flexible pipes specialist, has strengthened its management organization with two senior appointments. Simon Hounsome joins Flexlife’s Aberdeen headquarters as integrity and projects director, responsible for the policy


Stolt-Nielsen Limited Reports Results

Photo: Stolt-Nielsen

Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013.    Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million, with revenue of $510


ASRY Invests in Future

ASRY CEO WEB.jpg

Bahrain-based Ship Repair Yard Invests $188m in facilities; Expands offshore operations   Bahrain’s Arab Shipbuilding & Repair Yard (ASRY) has come a long way since starting operations towards the end of 1977, as the Arabian Gulf’s first VLCC repair yard


Stolt-Nielsen Reports Strengthened Financial Performance

Stolt-Nielsen reports (unaudited) results for Q2 & first half year 2012 Net profit attributable to shareholders in the second quarter was $37.0 million, with revenue of $538.8 million, compared with $8.0 million and $505.7 million, respectively, in the first quarter of 2012


Stolt Tankers Chooses Stratos

Stratos Global Corporation announced it has been selected by Stolt Tankers B.V. to provide a fleetwide, high-speed satellite-based communications network. Stolt Tankers is a subsidiary of Stolt-Nielsen S.A., provider of integrated maritime transportation services.  


M/T Stolt Valor Released by Hijackers

Stolt-Nielsen S.A. (Oslo Børs: SNI) today confirmed that M/T Stolt Valor was released on the morning of Nov. 16 by its hijackers, who took control of the ship two months ago.  All crew members were unharmed.   M/T Stolt Valor


Stolt-Nielsen in JVs with Gulf Navigation

Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI) said that its wholly owned subsidiary Stolt-Nielsen Indian Ocean and Middle East Service Ltd. ("Stolt") has entered into two 50/50 joint ventures with Gulf Navigation PJSC.  The first joint venture, Gulf Stolt Tankers FZCO


Hurlock Resigns from Stolt-Nielsen Board

Stolt-Nielsen S.A. (Oslo Børs: SNI) announced that James B. Hurlock has resigned as a Director of the Company, effective immediately. Jacob Stolt-Nielsen, Chairman of Stolt-Nielsen S.A. stated:  "We thank Jim for his service as a Director of the Company since 2004


Feringa Named President of Stolt Tankers & Terminals

Stolt-Nielsen announced that Hans Feringa has been appointed President of Stolt Tankers & Terminals as of December 1, 2007. Hans Feringa will succeed Otto Fritzner, who will be retiring, as planned, from the Company at the end of the year.


Stolt-Nielsen Names Feringa as President of Stolt Tankers and Terminals

Stolt-Nielsen S.A. said that Hans Feringa has been appointed President of Stolt Tankers & Terminals as pf December 1, 2007. Hans Feringa will succeed Otto Fritzner, who will be retiring, as planned, from the Company at the end of the year.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright