Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Stolt Nielsen Transportation Group News

23 May 2018

Tim Bush Promoted to Crowley VP, Deputy General Counsel

Crowley Maritime Corp. has announced that Tim Bush has been promoted to vice president and deputy general counsel. In his new position, Bush will help support the company’s growth as a provider of solutions for the U.S. government and various public-sector agencies. He will be based in Houston and report to Michael Roberts, senior vice president and general counsel. “Tim is an outstanding lawyer, and adds a great deal of value to the Crowley team,” Roberts said. Bush will continue to serve as Crowley’s lead attorney on several large projects for the U.S government, including the Defense Freight Transportation Services (DFTS) contract for the U.S.

03 Apr 2018

Stolt-Nielsen Names Grüner-Hegge CFO

Jens F. GrĂĽner-Hegge is the new CFO at Stolt-Nielsen (Photo: Stolt-Nielsen)

Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018. Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr. Engelhardtsen, who will retire from his executive role and has been appointed to fill a vacancy on the company’s board of directors. With the addition of Engelhardtsen as a director, the SNL Board now has seven members, four of which are independent.

21 May 2008

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.  We also thank him for his service as interim Chief Executive Officer of Stolt-Nielsen Transportation Group from July 2003 to June 2004.  Jim also served as Chairman of the Legal Affairs Committee of the Board of Directors and in that capacity helped guide the Company through difficult times."

26 Sep 2001

Stolt-Nielsen S.A. Reports Improved Third Quarter Results

Stolt-Nielsen S.A. (Nasdaq: SNSA; Oslo Stock Exchange: SNI) reported results for the third quarter and the nine-month period ended August 31, 2001. Net income for the latest quarter was $29.7 million, or $0.54 per share, on net operating revenue of $735.4 million, compared with a net loss of $0.3 million, or $0.01 per share, on net operating revenue of $607.8 million for the third quarter in 2000. The weighted basic average number of shares outstanding for the third quarter of 2001 was 54.9 million compared to 54.7 million for the same period of 2000. Net income for the nine-month period ended August 31, 2001 was $26.3 million, or $0.48 per share…

25 Oct 2001

Stolt-Nielsen, Vopak and Essberger Combine Chemical Tanker Fleets

Stolt-Nielsen Transportation Group Ltd., a wholly-owned subsidiary of Stolt-Nielsen S.A., Vopak Chemical Tankers B.V. and John T. respective European chemical tanker coastal fleets commencing December 1, 2001 under the name of Vopak Essberger Stolt ChemPool. Stolt-Nielsen Inter European Service (SNIES) and comprises 11 chemical tankers totaling 56,000 dwt. Chemical Tankers B.V. and John T. tankers totaling close to 96,000 dwt. with a total capacity of approximately 150,000 dwt. Germany and Dordrecht, the Netherlands. SNIES will transfer its marketing and operational personnel to Hamburg and Dordrecht.

05 Nov 2001

Seabulk Signs Global E-Procurement Contract With SeaSupplier

SeaSupplier Ltd. (SeaSupplier), the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has been chosen by Ft. Lauderdale, Fla., based Seabulk International to provide its total SeaManager e-procurement solution to Seabulk International's three global divisions: Seabulk Offshore, Seabulk Tankers, and Seabulk Towing . cost and time. Gerhard E. Kurz, President and Chief Executive Officer of Seabulk, commented, "This is a significant step forward in our ongoing efforts to lower costs and improve service and response time to our customers. We have evaluated several e-procurement solutions to streamline our purchasing process and reduce our costs.

17 Oct 2001

Stolt-Nielsen Agrees To Sell Terminals to Kinder Morgan

Stolt-Nielsen Transportation Group Ltd., a wholly-owned subsidiary of Stolt-Nielsen S.A., announced it has signed a definitive agreement with Kinder Morgan Energy Partners, L.P. for the sale of its Chicago, Ill., and Perth Amboy, N.J. bulk liquid terminal facilities for $70 million. Closing is subject to standard conditions and the receipt of local regulatory and third party approvals. it is anticipated that the transaction will be completed by the end of SNSA's fiscal year on November 30, 2001. Reginald Lee, Chief Executive Officer of SNTG said, "We are pleased to announce this agreement with Kinder Morgan. network and divestment fits our overall development strategy. parcel tanker operations.

25 Nov 2003

Stolt-Nielsen Says Dow Lawsuit Without Merit

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.

20 Feb 2004

Stolt-Nielsen S.A. Sells 2 Million Shares in Stolt Offshore

Stolt-Nielsen S.A. sold two million shares of Stolt Offshore S.A. (SOSA). The shares were sold at the market price of 24 Norwegian Kroner per share (approximately $3.46 per share at current exchange rates). In line with normal settlement practices, the sale is expected to close on February 25, 2004. SNSA, through its wholly owned subsidiary, Stolt-Nielsen Transportation Group (SNTG), retains approximately a 41 percent economic and voting interest in Stolt Offshore. SNSA expects that, assuming no other changes to SOSA's share capital, its ownership interest in SOSA will increase, but remain below 50 percent following both the completion…

11 Mar 2004

Stolt Offshore New Shares Begin Trading in Oslo

Stolt Offshore S.A. announced that 62.5 million Common Shares that previously have been issued will begin trading on March 12, 2004 on the Oslo Bors. These represent the 45.5 million Common Shares issued in the recent private placement and the 17.0 million Common Shares issued in connection with the conversion of Class B Shares held by Stolt-Nielsen Transportation Group Ltd, a subsidiary of Stolt Nielsen S.A. The 45.5 million Common Shares issued in the private placement are subject to certain transfer restrictions and are therefore registered on a separate ISIN. These shares will trade on a separate ticker code, STON, until March 24, 2004 from which time all Common Shares will trade on the STO ticker code.

18 Jun 2004

Stolt-Nielsen Announces Organizational Changes

Stolt-Nielsen Transportation Group Ltd., a wholly owned subsidiary of Stolt-Nielsen S.A. (Nasdaq: SNSA; Oslo Stock Exchange: SNI), today announced organizational changes aimed at increasing both the Company's service capabilities to customers and its competitive advantage in the global marketplace for parcel tanker and related services. Otto H. Fritzner, SNTG's newly appointed chief executive officer, said: "The enhancements we are announcing today will increase the efficiency of our operations and enable SNTG to provide better service to its customers worldwide. headquarters. customers in the fast-growing EMEIA region. second-largest office after Rotterdam. headquarters in Rotterdam.

07 Jul 2004

News

Stolt-Nielsen S.A. appointed Otto H. Fritzner as CEO of Stolt-Nielsen Transportation Group (SNTG). Fritzner most recently served as Managing Director, Ship Owning at SNTG. He succeeds James B. Hurlock, who was named Interim CEO of SNTG in July 2003. • SNTG's global operations will be organized into three regions - the Americas, administered from Greenwich, Conn.; Asia-Pacific, administered from Singapore; and Europe, the Middle East, India and Africa (EMEIA), administered from Rotterdam, SNTG's corporate headquarters. • SNTG's Indian Ocean Service and the Europe-to-Asia Pacific Service will be operated out of Rotterdam. I.M. Skaugen ASA announced that Skaugen PetroTrans (SPT), its 50 percent owned joint venture company, has appointed Per Voie as its President.

20 Aug 2004

European Commission Drops European Inland Barge Investigation

Stolt-Nielsen Transportation Group ), a wholly-owned subsidiary of Stolt-Nielsen S.A. reported that the European Commission's Competition Directorate has informed SNTG that the Competition Directorate has closed its investigation into possible collusive behavior in the intra- European inland barge industry. The European Commission's investigation of possible collusive activities in respect of deep-sea parcel tanker operations continues to be ongoing. In February 2003, SNTG announced it had been granted conditional immunity from imposition of fines by the European Commission with respect to both the deep-sea parcel tanker and intra-European inland barge operations.

29 Nov 2001

Fire on Stolt-Nielsen Barge at Uerdingen

Stolt-Nielsen Transportation Group Ltd., a wholly-owned subsidiary of Stolt-Nielsen S.A. reports that during the early morning of November 21, the crew of the SNTG Motor Tank Barge, Stolt Rotter dam discharging nitric acid at Bayer Uerdingen near Cologne on the River Rhine noticed fumes coming from the double bottom of the barge. The local authorities and fire department were alerted immediately. The captain and crew coordinated their emergency response with shore personnel and the emergency authorities. The crew was evacuated as a result of an engine room fire caused by nitric acid leaking from one of the ship’s tanks containing 270m3 of product. As a safety measure, the barge was lowered to the river bottom.

09 Jan 2002

Stolt-Nielsen and Jo Tankers Combine Service for U.S. Gulf to Asia

Stolt-Nielsen Transportation Group Ltd. (SNTG), a wholly-owned subsidiary of Stolt-Nielsen S.A. announced a co-service agreement for operational matters for the carriage of bulk liquids from ports in the U.S. Gulf to ports in Asia. maintaining the commercial independence of SNTG and JOT. can be achieved by working together to allocate cargoes to particular ships. Both companies will continue to market their ships and services independent of each other, and the contractual relationship between individual carriers and their respective customers will remain private and confidential. The Combined Service Agreement is due to commence on February 1, 2002.

18 Jan 2002

Stolt-Nielsen Announce Cost Reduction Program

Stolt-Nielsen Transportation Group Ltd. (SNTG), a wholly owned subsidiary of Stolt-Nielsen S.A. announced a cost reduction program for its business operations which will include the reduction of 10 percent of its approximately 900 office-based staff. eliminating some unnecessary management levels. The program will result in a one-time charge of approximately $10 million in 2002. Reginald J.R. despite recent improvement, have been less than satisfactory in recent years. initiative to improve the utilization of our assets, divest non-core assets, and reduce our cost base. several aspects of this initiative including combined service agreements with other parcel tanker operators to reduce operating costs and improve utilization…

10 Jun 2005

Stolt-Nielsen Orders Four Parcel Tankers

Shipbuilding Co. Ltd. 2008. million. capacity required to transport vegetable oils and chemicals. stainless steel fleet. withdrawal from SNTG's fleet. chemical tanker market. potential quality shipyards worldwide. Otto H. strategy. growth opportunities in our markets. Fritzner added.

10 Jun 2005

MAN B&W Diesel and Kawasaki Heavy Industries Sign Order

Kawasaki will build two more MAN B&W Diesel 7S50MC-C two-stroke main engines for Norway. These engines are destined to power two 43,000 dwt chemical tankers built by the Kleven Florø yard for Stolt Nielsen. The engines will be delivered in February and August 2007 respectively. The yard order includes a complete propulsion package from MAN B&W Diesel. This consists of the MAN B&W Diesel 7S50MC-C two-stroke main engines, MAN B&W Diesel VBS1560-ODS controlable pitch propellers, MAN B&W Diesel Alphatronic 2000 control systems and tunnel gears. Otto H. Fritzner, Chief Executive Officer for Stolt-Nielsen Transportation Group, “We accepted the yard’s proposal for the propulsion concept, based on two-stoke engines, because it has proved to be simple, reliable and economical.

15 Jun 2005

MAN B&W, Kawasaki Heavy Industries Sign Order

engines for Norway. These engines will power two 43,000 dwt chemical tankers to be built by the Kleven Florø yard for Stolt-Nielsen. The engines will be delivered in February and August 2007 respectively. The yard order includes a complete propulsion package from MAN B&W Diesel, consisting of the MAN B&W Diesel 7S50MC-C two-stroke main engines, MAN B&W Diesel VBS1560-ODS CP propellers, MAN B&W Diesel Alphatronic 2000 control systems and tunnel gears. Otto H. Fritzner, Chief Executive Officer for Stolt-Nielsen Transportation Group, said “We accepted the yard’s proposal for the propulsion concept, based on two-stoke engines, because it has proved to be simple, reliable and economical.

20 Jul 2007

Stolt-Nielsen Announces Organizational Changes

Stolt-Nielsen S.A. announced organizational changes. • Stolt-Nielsen Transportation Group will become two separate business units: Stolt Tankers & Terminals (ST&T) and Stolt Tank Containers (STC). The new structure will enable ST&T to continue to focus on the global operational synergies between the tankers and terminals businesses. STC will benefit from greater flexibility and focus to pursue its targeted growth strategy and markets worldwide. • Implementation of a single Stolt-Nielsen S.A. (SNSA) corporate shared services structure combining HR, IT and Finance under the SNSA umbrella to ensure the deployment of common standards and best practices Company-wide. Stolt Sea Farm's business will be unaffected, apart from benefiting from certain of the shared services organizational changes.

11 Apr 2007

SNTG Orders 4 Ships

Stolt-Nielsen Transportation Group (SNTG 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.

11 Apr 2007

Stolt-Nielsen Orders 4 Tankers from SLS

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.

26 Apr 2007

Stolt-Nielsen S.A. Reports Unaudited 1Q Results

Stolt-Nielsen S.A. reported unaudited results for the first quarter ended February 28, 2007. -- Operating revenue of $407.9 million for the quarter, compared with operating revenue of $382.5 million for the first quarter of 2006. -- Net income of $105.5 million (including $44.3 million gain on sale of Southern bluefin tuna business and $21.8 million for the 25% interest in Marine Harvest), compared with net income of $47.9 million for the same quarter last year. -- Stolt-Nielsen Transportation Group (SNTG) operating income was $49.6 million, compared with $50.2 million for the same quarter last year. -- Stolt Tankers Joint Service Sailed-in Time-Charter Index was 1.32…