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.
Vopak Executive Quits Over Strategy
Dutch shipping and tank storage firm Vopak NV said a member of its executive board had resigned due to "differences of opinion" regarding the company's future. Van Westenbrugge's resignation follows that of former vice-president Roelof Hendriks, who left the company last month in a dispute over the direction of the company, Vopak said.