Stolt-Nielsen Orders 4 Tankers from SLS

Wednesday, April 11, 2007
Stolt-Nielsen Transportation Group , a subsidiary of Stolt-Nielsen S.A. , announced today that it has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) for four 43,000 deadweight ton (dwt) parcel tankers. The aggregate price for the four ships is expected to be approximately $340 million, with deliveries expected to take place in 2011 and 2012. The SLS newbuildings will have 24 stainless steel tanks and 15 coated tanks. The main dimensions of the ships will follow the same design of the four parcel tankers that SNTG ordered in October 2006 from SLS. SNTG now has a total of 12 ships on order from SLS. The new fully double-hulled parcel tankers will meet both Marpol Annex I and Annex II cargo requirements. They will have IMO I, II and III capabilities and will be able to handle the full range of difficult to handle cargoes which SNTG carries. Otto H. Fritzner, Chief Executive Officer of SNTG, said, "We are pleased to be further developing our relationship with SLS Shipbuilding Co. Ltd. Our new build program to support our growth continues to be carefully evaluated to take account of the trading outlook and our requirements to invest in our fleet". SNTG and its partners today own and operate globally 156 ships ranging in size from 1,100 dwt to 40,200 dwt. After this order, SNTG has an order book of 18 intercontinental parcel tankers totaling 788,000 dwt with expected delivery between 2007 and 2012. In addition, through its regional joint ventures, pool partners, and time charter arrangements, SNTG also has 11 parcel tankers on order totaling 223,000 dwt.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

New Methanol Projects to Change Chemical Shipping Patterns

New US and Middle East methanol production capacity being added over the next two years will have serious implications for chemical shipping trade flow patterns,

Frontline 2012, Frontline Merger Completed

Frontline 2012 Ltd. has completed its previously announced merger with Frontline Ltd. , with Frontline as the surviving legal entity and Frontline 2012 becoming

EuronavSells Suexmax Cap Laurent

Euronav NV announced the sale of its Suezmax Cap Laurent for $22.25 million. The 1998-built 146,145-dwt vessel was wholly owned by Euronav.    The vessel was

Coast Guard

Nearly 100 Rescued after Batam Ferry Hits Trouble

Almost 100 people were rescued when a ferry sailing toward Singapore from the Indonesian island of Batam hit a floating object and reportedly started to sink, maritime officials said.

Rocket Debris Found Near Isles of Scilly

A piece of metal thought to be debris from an American space rocket was recovered from the sea off the Isles of Scilly.   The metal – a large section of alloy about 10 meters by 4 meters,

Passengers Transferred from Stranded Ferry

Passengers were transferred from Indonesia-registered Sea Prince after the ferry struck a floating object after leaving the Nongsapura ferry terminal in Batam late on November 29.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0979 sec (10 req/sec)