Commenting on a lawsuit filed recently by Dow Chemical Co.
against four chemical carriers including Stolt-Nielsen S.A.
, SNSA said
that the company believes the Dow Chemical claims are without merit and that it will vigorously
defend itself against those claims. The company added that the relationships between its chemical shipping
unit - Stolt-Nielsen Transportation Group B.V. - and its customers are governed by contracts that contain
arbitration clauses. SNSA said it will move for the courts to compel arbitration as agreed to by customers in
their contracts with the company.
The other three carriers named in the Dow Chemical suit are Odfjell ASA, Jo Tankers B.V. and Tokyo Marine Co,
a unit of Mitsui O.S.K. Line Group.