Snsa News

Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI) announced that the company through its subsidiary Stolt-Nielsen Gas Ltd. has entered into a time charter of the 1999-built Very Large Gas Carrier (VLGC) Yuhsho. The Yuhsho is owned by Yuyo Steamship Co., Ltd. of Japan, and the period of the time charter is for three years with further options. The ship has a capacity of 78,498 cbm and was built by Mitsubishi Heavy Industries, Ltd. and delivered in February 1999.

Stolt-Nielsen S.A. has reported unaudited results for the second quarter and first half ended May 31, 2009. Highlights for the second quarter of 2009 compared with the first quarter of 2009 included a $13.3 million increase in net profit attributable to shareholders and a $2.3 million increase in operating profit. Operating costs were reduced and revenue stayed consistent. "To counter the negative effects of the economic crisis, we have continued to implement measures to conserve cash, enhance our credit and collections processes, lock in interest rates and reduce costs,” said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA.

Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI) said that its wholly owned subsidiary Stolt-Nielsen Indian Ocean and Middle East Service Ltd. ("Stolt") has entered into two 50/50 joint ventures with Gulf Navigation PJSC. The first joint venture, Gulf Stolt Tankers FZCO, will own six new 44,000 dwt coated chemical tankers. The ships will be traded in the Stolt Tankers Joint Service (STJS). Technical ship management will be provided by a second joint venture, Gulf Stolt Ship Management JLT, owned by Gulf Navigation and Stolt. Stolt-Nielsen will take delivery of four of the tankers - ordered in 2006 from SLS Shipbuilding in South Korea - during 2008 and 2009. Gulf Navigation will take delivery of two additional sister ships in 2009, having taken over options previously held by Stolt-Nielsen.

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…

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.

Stolt-Nielsen S.A. (SNSA) has elected Hiroshi Ishikawa, Senior Adviser of NYK Line, to its Board of Directors. Ishikawa, who previously served as a Director of SNSA from 1995 to 1997, succeeds Kinichi Hirayama of NYK, who has been appointed to new duties at NYK Group. NYK Line acquired 10 percent ownership of SNSA in 1987.

Stolt-Nielsen S.A. (SNSA) has elected Hiroshi Ishikawa, Senior Adviser of NYK Line, to its Board of Directors. Ishikawa, who previously served as a Director of SNSA from 1995 to 1997, succeeds Kinichi Hirayama of NYK, who has been appointed to new duties at NYK Group. NYK Line acquired 10 percent ownership of SNSA in 1987.

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.

Stolt-Nielsen S.A. ( said that while the waivers of covenant defaults granted by its primary lenders expired today, the Company and its lenders remain in constructive discussions aimed at establishing longer-term waivers. "We continue to work closely with our primary lenders toward longer-term waivers that will give us the necessary time to allow us to develop a sensible financial restructuring plan," said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA. About Stolt-Nielsen S.A. Stolt-Nielsen S.A. is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through its parcel tanker, tank container, terminal, rail and barge services, provides integrated transportation for its customers.

Stolt-Nielsen S.A. agreed to sell 7.7 million Common Shares, with an aggregate gross value of $104 million via a private placement to non-affiliated institutional investors. The Common Shares, which are currently held in treasury, were priced at 92.75 Norwegian Kroner per share (approximately $13.50 per share at current exchange rates), which was the bid price of the Company's Common Shares on the Oslo Stock Exchange at the market close on January 20, 2004. The Company also announced that it may consider various other actions to address its remaining capital requirements, as part of the overall restructuring plan that it expects to complete in the first half of this year.

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…

Stolt-Nielsen S.A. has delayed its previously announced plan to issue a new five-year senior unsecured bond loan. The company said it intends to resume marketing efforts after the Norwegian Easter holidays and following the release of the company's first-quarter earnings. Commenting on a recent media report on the company's potential liabilities relating to the ongoing antitrust investigations and litigation, the company said that estimates published were not developed or authorized by SNSA. The company added that it has not provided any such analysis or quantification to the managers of the proposed bond loan, nor has it authorized anyone else to do so.

Stolt-Nielsen S.A announced that the company had resolved its dispute with its senior noteholders regarding defaults asserted by the noteholders. "We are pleased that the noteholders have agreed to waive their claims of default and to modify some loan covenants to permit the Company to make certain investments in joint ventures," said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA. "In return, the Company has agreed to provide the noteholders with certain security, which can be released if the Company obtains an investment grade rating on its senior notes and under certain other circumstances. SNSA can now focus on its businesses and capitalize on the improving parcel tanker market worldwide." The Company expects to file its Annual Report on Form 20-F on June 16, 2004.

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.

Stolt-Nielsen S.A. will enter into a new five-year $150 million credit facility to be fully underwritten by DnB NOR Bank ASA. The facility will be secured by a pledge of the Company's Stolthaven Houston and Stolthaven New Orleans terminal-storage assets. The facility will be used to prepay an existing $64 million credit facility on Stolthaven Houston, which is scheduled to mature in January 2005, and for general corporate purposes. The transaction is expected to close by the end of July 2004. "SNSA continues to strengthen its liquidity position," said Niels G. Stolt-Nielsen, chief executive officer of SNSA. "The completion of this latest transaction is expected to provide us with sufficient liquidity for the foreseeable future."

Stolt-Nielsen S.A. reported results for the second quarter ended May 31, 2004. Net income for the latest quarter was $3.9 million on operating revenue of $448.4 million, compared to a net loss of $50.4 million, or $0.92 per share, on operating revenue of $760.7 million for the second quarter of 2003. The basic weighted average number of shares outstanding for the quarter was 62.8 million compared with 54.9 million for the same period in 2003. SNSA's reported results reflect the deconsolidation of Stolt Offshore S.A. (SOSA) in February 2004. The net income for the six-month period ended May 31, 2004 was $14.9 million, on operating revenue of $1,116.4 million on operating revenue of $1,541.0 million for the same period in 2003.

Stolt-Nielsen S.A. and Nutreco Holding N.V. today announced the completion of the merger of their worldwide fish farming, processing, and marketing and sales operations into a stand-alone new business entity, Marine Harvest. SNSA will hold a 25% share in the new company and Nutreco 75%. The signing of a Memorandum of Understanding for the merger by both parties was announced on September 13, 2004. Marine Harvest has over 6,000 employees worldwide and annual sales of approximately EUR 850 million in salmon, cod, halibut, tilapia and other farmed fish. Marine Harvest will be the leader in all of the markets in which it operates and will be led by a management with extensive industry experience. The new management of Marine Harvest has now taken control of the combined operations.

Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI), announced today that it has signed an agreement with Xinshun Shipyard in China for the purchase of up to six 5,900 deadweight ton (dwt) bitumen tanker newbuildings due for delivery from February 2010. Under the terms of the agreement, SNSA has placed firm orders for two ships and holds options to purchase a further four ships. It is intended that a new division of SNSA will be established in Asia-Pacific that will provide logistical services for the distribution of bitumen. Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA, said, "This investment in new, superior performance bitumen tankers represents our entry into an attractive sector…

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.

Nine separate organizations, including a foreign sovereign government, leading trade associations and other groups have filed amicus curiae briefs with the Supreme Court of the United States urging the Court agree to hear the Stolt-Nielsen S.A. v. United States case. Stolt-Nielsen S.A. expressed its appreciation that these organizations urged review of a decision by U.S. Court of Appeals for the Third Circuit, which held that federal courts lack the authority to enforce prosecutors' promises pre-indictment, which is in conflict with the decisions of the Seventh Circuit. "In breaching its promises with Stolt-Nielsen, the Department of Justice overstepped any legitimate prosecutorial boundary," James B.

Stolt-Nielsen S.A. announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 94,400 of SNSA Common Shares on the Oslo Børs at an average price of NOK 187.49 per share (approximately $29.21 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Including today's purchases, the Company has purchased Common Shares totaling approximately $179.0 million under the $200 million repurchase program announced on August 25, 2005.

Stolt-Nielsen S.A. announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 5,400 of SNSA Common Shares on the Oslo Børs at an average price of NOK 190.57 per share (approximately $29.69 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Including today's purchases, the Company has purchased Common Shares totaling approximately $179.2 million under the $200 million repurchase program announced on August 25, 2005. All Common Shares purchased by SNTG are classified as non-voting shares held in Treasury and issued but not outstanding.

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…