Stolt Tankers Reports $2.5m Loss

Tuesday, April 07, 2009

According to an April 6 report from Emirates Business 24/7, chemical tanker specialist Stolt Tankers reported an operating loss of $2.5m for the first quarter this year versus operating profit of $27.5m for the previous quarter. Its Oslo-listed parent Stolt Nielsen attributed the loss to lower volumes and a decline in spot market rates.

(Source: Emirates Business 24/7)

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