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Stolt-Nielsen Time Charter of VLGC Yuhsho

Maritime Activity Reports, Inc.

November 4, 2009

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.
 

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