Sntg News

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., Vopak Chemical Tankers B.V. and John T. respective European chemical tanker coastal fleets commencing December 1, 2001 under the name of Vopak Essberger Stolt ChemPool. Stolt-Nielsen Inter European Service (SNIES) and comprises 11 chemical tankers totaling 56,000 dwt. Chemical Tankers B.V. and John T. tankers totaling close to 96,000 dwt. with a total capacity of approximately 150,000 dwt. Germany and Dordrecht, the Netherlands. SNIES will transfer its marketing and operational personnel to Hamburg and Dordrecht.

SeaSupplier Ltd. (SeaSupplier), the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has been chosen by Ft. Lauderdale, Fla., based Seabulk International to provide its total SeaManager e-procurement solution to Seabulk International's three global divisions: Seabulk Offshore, Seabulk Tankers, and Seabulk Towing . cost and time. Gerhard E. Kurz, President and Chief Executive Officer of Seabulk, commented, "This is a significant step forward in our ongoing efforts to lower costs and improve service and response time to our customers. We have evaluated several e-procurement solutions to streamline our purchasing process and reduce our costs.

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. 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 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. appointed Otto H. Fritzner as CEO of Stolt-Nielsen Transportation Group (SNTG). Fritzner most recently served as Managing Director, Ship Owning at SNTG. He succeeds James B. Hurlock, who was named Interim CEO of SNTG in July 2003. • SNTG's global operations will be organized into three regions - the Americas, administered from Greenwich, Conn.; Asia-Pacific, administered from Singapore; and Europe, the Middle East, India and Africa (EMEIA), administered from Rotterdam, SNTG's corporate headquarters. • SNTG's Indian Ocean Service and the Europe-to-Asia Pacific Service will be operated out of Rotterdam. I.M. Skaugen ASA announced that Skaugen PetroTrans (SPT), its 50 percent owned joint venture company, has appointed Per Voie as its President.

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 Transportation Group ), a wholly-owned subsidiary of Stolt-Nielsen S.A. reported that the European Commission's Competition Directorate has informed SNTG that the Competition Directorate has closed its investigation into possible collusive behavior in the intra- European inland barge industry. The European Commission's investigation of possible collusive activities in respect of deep-sea parcel tanker operations continues to be ongoing. In February 2003, SNTG announced it had been granted conditional immunity from imposition of fines by the European Commission with respect to both the deep-sea parcel tanker and intra-European inland barge operations.

Stolt-Nielsen Transportation Group Ltd., a wholly-owned subsidiary of Stolt-Nielsen S.A. reports that during the early morning of November 21, the crew of the SNTG Motor Tank Barge, Stolt Rotter dam discharging nitric acid at Bayer Uerdingen near Cologne on the River Rhine noticed fumes coming from the double bottom of the barge. The local authorities and fire department were alerted immediately. The captain and crew coordinated their emergency response with shore personnel and the emergency authorities. The crew was evacuated as a result of an engine room fire caused by nitric acid leaking from one of the ship’s tanks containing 270m3 of product. As a safety measure, the barge was lowered to the river bottom.

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.

Stolt-Nielsen Transportation Group Ltd. (SNTG), a wholly owned subsidiary of Stolt-Nielsen S.A. announced a cost reduction program for its business operations which will include the reduction of 10 percent of its approximately 900 office-based staff. eliminating some unnecessary management levels. The program will result in a one-time charge of approximately $10 million in 2002. Reginald J.R. despite recent improvement, have been less than satisfactory in recent years. initiative to improve the utilization of our assets, divest non-core assets, and reduce our cost base. several aspects of this initiative including combined service agreements with other parcel tanker operators to reduce operating costs and improve utilization…

SeaSupplier Ltd, the marine e-procurement subsidiary of Stolt-Nielsen S.A, announced today it has signed a multi-year SeaManager ™, e-procurement contract with Stolt Offshore S.A., the world's largest operator of specialty sub sea construction and maintenance ships, pipe laying and heavy lift barges. Together with Stolt Offshore’s annual expenditure of $600 million on products and services and with SNTG, Seabulk International, RCCL, Teekay Shipping and NYK LINE, more than a $1billion of expenditure is anticipated to be transacted through the SeaSupplier Value Added Network™. SeaSupplier will provide Stolt Offshore S.A with its complete procurement solution, SeaManager™, as well as consulting services for database rationalization and business process re-engineering.

Shipbuilding Co. Ltd. 2008. million. capacity required to transport vegetable oils and chemicals. stainless steel fleet. withdrawal from SNTG's fleet. chemical tanker market. potential quality shipyards worldwide. Otto H. strategy. growth opportunities in our markets. Fritzner added.

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…

Stolt-Nielsen Transportation Group , a subsidiary of Stolt-Nielsen S.A. , announced today that it has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) for four 43,000 deadweight ton (dwt) parcel tankers. The aggregate price for the four ships is expected to be approximately $340 million, with deliveries expected to take place in 2011 and 2012. The SLS newbuildings will have 24 stainless steel tanks and 15 coated tanks. The main dimensions of the ships will follow the same design of the four parcel tankers that SNTG ordered in October 2006 from SLS. SNTG now has a total of 12 ships on order from SLS. The new fully double-hulled parcel tankers will meet both Marpol Annex I and Annex II cargo requirements.

Stolt-Nielsen Transportation Group (SNTG signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) for four 43,000 deadweight ton (dwt) parcel tankers. The aggregate price for the four ships is expected to be approximately $340 million, with deliveries expected to take place in 2011 and 2012. The SLS newbuildings will have 24 stainless steel tanks and 15 coated tanks. The main dimensions of the ships will follow the same design of the four parcel tankers that SNTG ordered in October 2006 from SLS. SNTG now has a total of 12 ships on order from SLS. The new fully double-hulled parcel tankers will meet both Marpol Annex I and Annex II cargo requirements. They will have IMO I, II and III capabilities and will be able to handle the full range of difficult to handle cargoes which SNTG carries.

Aker Yards ASA reported an EBITDA of NOK 401 million for the fourth quarter of 2006, an increase of 15 percent compared with the fourth quarter of 2005. The EBITDA result for 2006 was NOK 1 443 million, up 40 percent from 2005. Earnings per share (EPS) were NOK 21.77 for the quarter, and NOK 46.56 for the full year. Order intake in the fourth quarter was NOK 8906 million, giving an order backlog of NOK 79,420 million at the end of the quarter, comprising 149 vessels. Aker Yards had revenues of NOK 7 815 million in the fourth quarter of 2006, an increase of 60 percent compared with NOK 4 897 million in the corresponding period of 2005. High activity in all three business areas and the acquisition of new yards contributed to the development.

Stolt-Nielsen S.A. announced that its wholly owned subsidiary, Stolt-Nielsen Transportation Group (SNTG), has acquired two parcel tankers, each of approximately 8,600 deadweight tons, to meet growing customer demand in the Company's inter-European service. The sisterships M/T Bow Wave and M/T Bow Wind, previously on time charter to Odfjell ASA, were purchased from Iino Lines for $18.5m each. SNTG expects to take delivery of the ships between July and November of this year. Both ships were built to IMO II standards in 1999 by the Usuki Shipyard Co. Ltd. of Japan. Features include double hulls, fully stainless steel tanks, and 20 segregations per ship. M/T Bow Wave and M/T Bow Wind will be renamed M/T Stolt Skua and M/T Stolt Teal, respectively.

Veson Nautical, a U.S.-based maritime software developer, said that Stolt-Nielsen Transportation Group (SNTG) selected Veson Nautical’s Integrated Maritime Operations System (IMOS) to handle all chartering, operations and accounting functions for the company’s extensive Inland Tanker division. SNTG’s Inland barge fleet (SNITS), which operates within the Rhine River basin and associated canals in the Netherands, Belgium and Germany, will utilize IMOS to handle all voyages, contracts, scheduling and communications from vessel to shore. Due to the unique needs of SNIT’s operations, Veson will adapt IMOS to the company’s dynamic scheduling requirements. SNTG selected IMOS after reviewing a number of other software packages.

Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A., announced that it has signed an agreement with SLS Shipbuilding Co. Ltd. for four 44,000 deadweight ton (dwt) parcel tankers. The aggregate price for the four ships is expected to be approximately $340 million, with deliveries scheduled to take place between mid 2010 and early 2011. The SLS newbuildings will have a combination of 24 stainless steel tanks and 15 coated tanks. The main dimensions of the ships will follow the design of the four parcel tankers that SNTG announced ordering in June 2005 from ShinA Shipbuilding Co. Ltd. of South Korea, which was acquired by SLS earlier this year. SNTG will have options from SLS for an additional four ships.

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.