Stolt Nielsen News

Stolt-Nielsen Limited opened 2026 with a solid—if more tempered—financial performance, underscoring both the resilience of its diversified logistics portfolio and the mounting pressures facing global chemical shipping markets.The London-based group reported first-quarter revenue of $716.8 million and net profit of $47.5 million for the period ending February 28, 2026, compared to $675.6 million and $151.4 million, respectively, in the same period a year ago. The sharp year-on-year profit decline was largely attributable to one-off gains booked in 1Q25…

Stolt-Nielsen Limited and Nippon Yusen Kabushiki Kaisha announced that, through Stolt-Nielsen’s subsidiary Stolt-Nielsen Gas Ltd., Stolt-Nielsen has entered into a share purchase agreement to sell 50% of Avenir LNG Limited to NYK Line. Avenir LNG was founded in 2017 and has grown into a leading player in the liquefied natural gas (LNG) bunkering sector, operating a global fleet of LNG bunker vessels.With this partnership, Stolt-Nielsen and NYK Line will expand their future small-scale LNG and LNG bunkering opportunities through the joint venture…

Stolt-Nielsen, through its subsidiary Stolt-Nielsen Gas, has confirmed it is in discussions with a strategic buyer, regarding the potential sale of up to 50% of its interest in Avenir LNG.Avenir LNG is an industry leader in small-scale LNG supply and is focused on supporting the marine energy transition through one of the largest fleets of small-scale LNG vessels. Avenir LNG owns and operates a fleet of five modern small-scale LNG bunkering vessels, with two newbuildings under construction.The potential sale agreement is subject to final documentation and customary approvals…

Kongsberg Maritime is marking 50 years since the introduction of its first dynamic positioning (DP) system, a Norwegian innovation that transformed offshore operations and set new standards for safety and efficiency at sea.The story began in the mid-1970s, when offshore operations in the North Sea faced harsh conditions and dangerous anchoring practices. A breakthrough came in 1977 with the successful live test of the world’s first Norwegian DP system on Stolt-Nielsen’s vessel Seaway Eagle.This pioneering technology allowed vessels to maintain position without anchors…

Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026. Mr Grüner-Hegge will remain with the Company until November 30, 2026, to support the transition.The…

Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024, maritime sources said.If confirmed, this would be the first Somali piracy attack against a merchant ship since May 2024, raising risks for critical energy and goods transported through the region, maritime sources said.The vessel was sailing some 332 nautical miles (615 km) off the Somali coast when four armed attackers approached in a skiff from the starboard side and opened fire…

Malte Willer has been appointed as the successor Jan Eghøj as head of European short-sea shipping company E&S Tankers, the company announced.The handover process will be completed by mid-August when Eghoej will leave the company and Willer will take over as managing director. Willer brings to the role a strong knowledge of the European chemical tanker market, E&S Tankers said.The company also revealed that Christian Vang will take up the role of commercial director, heading the chartering department.

NYK Stolt Tankers, a joint venture between NYK Line and Stolt Tankers, has placed an order with Nantong Xiangyu Shipyard in China to build six 38,000 deadweight tonne stainless steel chemical tankers for delivery between late 2026 and 2029.The newbuilds will be sisters to a series of six vessels Stolt Tankers ordered at Wuhu Shipyard in November. The ships feature 30 cargo tanks, offering a range of cargo flexibility and are designed to maximize fuel efficiency using a wide range of energy savings devices and shore power connection, Stolt Tankers said.

Avenir announced Jonathan Quinn has been appointed to the role of Managing Director of Avenir LNG.Quinn was one of the founding management team members of Avenir when the company established in 2018, and in his previous role as Commercial Director has been responsible for our group commercial strategy and business development.Quinn has over 10 years experience in midstream infrastructure, shipping and trading and previously held business development and corporate strategy roles at Stolt-Nielsen Limited, prior to the establishment of Avenir.

London-headquartered Stolt-Nielsen Limited announced its subsidiary Stolt Tankers B.V. has reached an agreement with Chinese shipbuilder  Wuhu Shipyard to construct six 38,000 deadweight tonne stainless steel parcel tankers for delivery between 2026 and 2028, with additional options for a further six newbuildings.The new ships will have 30 stainless steel cargo tank segregations offering a wide range of cargo flexibility, the shipowner said.Stolt-Nielsen CEO Udo Lange said, “Following our well-timed acquisitions of 10 secondhand ships since 2021…

Stolt-Nielsen Limited has reported unaudited results for the third quarter ending August 31, 2023 including a net profit of $90.1 million with revenue of $694.4 million.This compares with a net profit of $8.3 million, with revenue of $721.9 million, in the second quarter of 2023. The second quarter included an incremental loss provision of $155.0 million (net profit impact of $105 million) related to the loss of the MSC Flaminia after a fire onboard in 2012.The net profit for the nine months of 2023 was $198.2 million with revenue of $2…

Stolt-Nielsen said that, after 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO on September 1, 2023, and will assume the role of Chairman of the Board of Stolt-Nielsen Limited. He will be succeeded as CEO by Udo Lange.Lange, who will join Stolt-Nielsen as Chief Executive Officer on September 1, 2023, has more than 20 years of experience in the international trade industry, with expertise in freight forwarding, express and parcel logistics and airline catering.

Stolt Tankers and Stolthaven Terminals have partnered to remove and sustainably treat wastewater from ships docked in Houston.In June 2021 the two divisions began a pilot program to identify and balance the challenges, costs and benefits of treating washwater from ships at Stolthaven Houston's onsite wastewater treatment plant. The facility, which has been operational for more than 20 years, was expanded and modernized in 2018, allowing the terminal to increase its capability to treat third-party waste.Discharging onshore is not mandatory…

Norwegian chemical tanker owner Stolt-Nielsen on Thursday reported a second-quarter net profit attributable to shareholders of $58.6 million, with revenue of $689.1 million. This is an increased compared with a net profit of $52.3 million, with revenue of $606.2 million, in the first quarter.Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said the second quarter net profit was the company’s highest since 2007."The second quarter continued where the first quarter ended with growing demand and a shrinking orderbook for new ships…

Stolt-Nielsen Limited announced on Friday that Stolt Tankers B.V. has entered into agreements to acquire three 33,600 dwt stainless steel chemical tankers built in Japan. The ships are expected to be delivered into Stolt Tankers’ fleet between July and September 2022.Stolt Tankers president, Lucas Vos, said, “This acquisition is an excellent opportunity for Stolt Tankers to secure competitively priced tonnage ahead of an expected cyclical upturn in the chemical tanker industry.

Stolt-Nielsen Limited appointed Hans Augusteijn as President, Stolt Tank Containers (STC), effective February 1, 2022.Augusteijn succeeds Michael W. Kramer, who will assume the role of Executive Vice President, Marketing and Business Development at Stolt-Nielsen Limited.Augusteijn spent 17 years at Maersk in various leadership roles related to container shipping and logistics before joining Stolt Tankers as Director of Strategy in 2019. In his current role, he has been instrumental in developing and implementing Stolt Tankers’ overall strategy. He holds a degree in Logistics and Transport

Niels G. Stolt-Nielsen has decided to step down from his role as Chief Executive Officer of chemical tanker operator Stolt-Nielsen Limited.The company said Wednesday he'd continue as CEO and as a Director on the Board until the appointment process for a successor has been completed. Niels G. Stolt-Nielsen has served as Chief Executive Officer of Stolt-Nielsen Limited since November 2000 and has been a Director since 1996."The intention is that once a suitable replacement is found, Mr. Niels G.

Gary Vogel, chief executive officer of Eagle Bulk Shipping Inc., has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2022.The 2022 Commodore Award, given each year to a person in the international maritime industry who has contributed to the growth and development of the industry, will be presented on March 31, at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and expo, in Stamford, Conn..Vogel has served as CEO and director of Eagle Bulk Shipping Inc. (NASDAQ: EGLE) since September, 2015.

Avenir LNG announced it has entered into a time charter party (TCP) with Shell for the newbuild 20,000-cubic-meter capacity liquefied natural gas (LNG) bunkering supply vessel Avenir Achievement.Avenir LNG, a joint venture between Stolt-Nielsen, Hoegh LNG and Golar LNG, said the time charter is expected to begin in the first quarter of 2023 and will run for a period of three years with an option to extend up to five years.Avenir Achievement is scheduled to be delivered from Chinese builder Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd (CIMC SOE) in the second quarter of 2022.

Shipping association BIMCO said it has created a new standard contract for providing a balanced contractual framework for security escort vessels (SEV) that accompany merchant ships in high threat areas such as the Gulf of Guinea, which has recently seen a rise in piracy activity as the dry season has begun.The new contract is dubbed SEV-GUARDCON because it is based on BIMCO’s GUARDCON contract for the employment of security guards on board ships.“The escort vessel’s capabilities…

A project to produce a novel emissions-slashing hydrogen passenger ferry has been granted €8 million ($9.4 million) in European funding as the Norwegian government announces strengthened focus on development and commercialization of hydrogen as a carbon-neutral fuel.The HySHIP project involves 14 European partners collaborating on the design and construction of a new ro-ro demonstration vessel running on liquid green hydrogen (LH2), as well as the establishment of a viable LH2 supply chain and bunkering platform.

Stolt-Nielsen has via Stolt Tankers B.V. agreed to buy five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service, in a move to modernize its fleet.The five ships, which are 26,000 dwt and with stainless steel cargo sections, were built in China in 2016 and 2017. The purchase of each ship isexpected to close between December 2020 and February 2021. Further terms of the transaction were not disclosed.Stolt Tankers President, Lucas Vos, said: "This acquisition is an excellent opportunity for Stolt Tankers to replace ships being retired in the next few years, lowering our fleet age profile with competitively priced ships that can trade in any of our deep-sea lanes.

Webb Institute announced on Wednesday that Mark Martecchini will become the 16th president in the school's history, effective July 1, 2022. Selected by a Webb Board of Trustee search committee Martecchini will succeed R. Keith Michel who has served as Webb’s president for the past nine years.Board of Trustees chair Bruce S. Rosenblatt, said, “[Martecchini] is a visionary leader who is passionate about the mission of Webb Institute and is committed to building upon our 130-year history of excellence in engineering education.” During a 38-year career with Stolt-Nielsen…