Stolt Tankers B.V., a subsidiary of Stolt-Nielsen Limited (Oslo Børs: SNI), has announced that it has reached an agreement with Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong-Zhonghua) and China Shipbuilding Trading Co. Ltd, (CSTC), under China Shipbuilding Group Corporation (CSSC), for five plus three options 38,000 deadweight ton (dwt) stainless steel parcel tankers, with deliveries expected to take place from December 2015 onwards. The agreement is subject to satisfactory financing being obtained. The ships were designed to deliver substantial improvements in fuel efficiency, while providing operational flexibility with their fully stainless steel cargo tanks, cargo pumps, heating and cooling capacity.