Stolt News

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…

NYK Stolt Tankers, a joint venture between NYK and Stolt Tankers, has signed a contract with Nantong Xiangyu Shipyard in China to build two parcel chemical tankers.Scheduled for delivery in 2028 and 2029, the vessels will join the chemical tanker pool operated by Stolt Tankers.This order brings the total number of chemical tankers under construction to eight, including the six vessels ordered from the same shipyard in 2024.Parcel tankers are multi-purpose chemical tankers that can carry various cargo…

A group of top shipping companies including leading Greek players said on Thursday they want changes to a United Nations deal tabled for adoption in October that seeks to cut marine fuel emissions, adding complications to the draft accord after U.S. opposition.Global shipping accounts for nearly 3% of the world's carbon emissions, and the proposed deal is crucial to speed up decarbonisation through a bigger regulatory framework.The group - including some of the world's biggest…

Stolt Tankers announced the expansion of its Stolt NYK Asia Pacific Services (SNAPS) pool with the addition of a vessel from SU Navigation, in partnership with NYK Line and ENEOS Ocean.Maren Schroeder, President, Stolt Tankers, said “By adding tonnage from SU Navigation, a top-tier platform, Stolt Tankers reinforces its commitment to delivering superior value in a competitive market.“Combining the expertise and resources of Stolt Tankers and NYK Line allows our SNAPS business…

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.

Sulphur, La. based marine transportation company Southern Devall announced it has appointed Andrey Verloka as its new director of cargo stewardship and fleet allocation.“In his new role, Andrey will be instrumental in ensuring that our cargo operations are executed flawlessly according to customer instructions whileminimizing risks to both cargo and equipment,” said Alfred Devall, executive vice president, commercial operations.Verloka will also be responsible for the strategic allocation of assets, based on specific cargo and voyage requirements.

The Yemeni Houthi group said on Sunday its forces had attacked two ships in the Red Sea and the Indian Ocean.The first ship, Transworld Navigator, had been targeted in the Red Sea using "an uncrewed surface boat" which led to a direct hit against the ship, Houthi military spokesman Yahya Saree said.The second vessel, Stolt Sequoia, was attacked in the Indian Ocean with a number of cruise missiles, he said.It was not clear when the attacks took place.He said the ships belonged to companies that "violated the ban on entering the ports of occupied Palestine."Yemen's militant Houthi group has been

A group of industry partners has teamed up in the U.S. to reduce the time ships spend in port. Initial results have seen port time reduce by an average of almost two hours and an increase in the efficiency with which cargo is transferred to customers.Stolt Tankers, Dow Inc., SGS and Vopak IIA Freeport (a joint venture between Vopak and BlackRock) formed the ‘Time alongside optimization project’ to improve supply chain collaboration and efficiency and reduce the time that ships are berthed at a terminal.

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has released a report providing a techno-economic assessment of fuel cell applications for onboard auxiliary power for deepsea vessels.The reportindicates that it appears unrealistic to assume that fuel cells will compete with or entirely replace onboard internal combustion engines in the near future, even as fuel cells reach a high technological maturity level. This is due to the high initial costs currently associated…

Lucas Vos is stepping down as President, Stolt Tankers effective July 1, 2024. He will be replaced by Maren Schroeder as President and Chief Operating Officer, while Bjarke Nissen will assume the role of Chief Commercial Officer at Stolt Tankers.Ms. Schroeder has held the position of Managing Director, Shipowning, at Stolt Tankers since 2022, and prior to joining as Fleet Director in 2019, was Head of Technical at Vroon B.V. She has also held fleet management positions with Exmar, Euronav and Germanischer Lloyd.

Dry bulk shipping company Pacific Basin has decided to apply a sustainable graphene-based propeller coating XGIT-PROP, developed by Canadian company GIT Coatings, across its entire fleet.Following successful application and observing positive results on one of its Supramax dry bulk vessels, Pacific Basin has started the rollout of XGIT-PROP across 40 vessels scheduled for dry dock maintenance in 2024. This decarbonisation initiative marks the largest adoption of graphene-based propeller coating in the dry bulk segment.Sanjay Relan…

NYK Stolt Tankers, a joint venture between NYK and Dutch company Stolt Tankers, has signed a contract with Nantong Xiangyu Shipyard in China to build six parcel chemical tankers.The contract will strengthen NYK’s chemical tanker business, for which demand is expected to grow steadily, and deepen the partnership with Stolt Tankers, a leading player in the industry, the company said.Parel tankers are multi-purpose chemical tankers can carry various cargo, including chemical products…

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.

On January 17, the NYK Group and Stolt Tankers held a ceremony in Singapore to commemorate the 30th anniversary of the start of the companies’ parcel chemical tanker joint venture in Asia and the Pacific.A parcel tanker is a multipurpose chemical tanker capable of carrying many types of cargo, including chemical products, kinetic vegetable oil, etc.The ceremony was attended by Yuji Nishijima, executive officer of NYK; Bjarke Nissen, managing director of Stolt Tankers; and Masahito Hirano…

Stolt Tankers reports it is the first shipping company in the world to apply a cutting-edge sustainable coating to the hull of one of its vessels.The X-GIT FUEL graphene technology, developed by Graphite Innovation & Technologies (GIT) Coatings, has the potential to reduce fuel consumption and resulting greenhouse gas emissions.X-GIT FUEL is a hard foul release hull coating that creates an ultra-low friction surface to increase vessel performance, without the use of biocides, silicon oils or toxic components.

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…

The NYK Group, Stolt Tankers, and ENEOS Ocean launched a chemical ship pool business in the Asia-Pacific region in October.Shipowners and operators pool their vessels and undertake transportation services at the request of shippers. The pool business allows more flexible transportation services that utilize economies of scale, NYK said.The project started with 13 vessels, comprising two chemical tankers owned by ENEOS Ocean and 11 chemical tankers owned by a joint venture between…

Stolt Tankers, NYK and ENEOS Ocean have launched the Stolt NYK Asia Pacific Services (SNAPS) tanker pool.Lucas Vos, president of Stolt Tankers said, “By adding tonnage from Eneos Ocean’s top-tier platform, Stolt Tankers and NYK have demonstrated their ability to generate value in a highly competitive market. We expect these two ships to enhance our overall service offering across Asia by increasing logistical flexibility while continuing to provide best-in-class environmental…

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…

Shipshave has won the Most Innovative Proven Technology Award in the inaugural SNIC Innovation Awards for its in-transit hull cleaning solution that removes biofouling to boost fuel efficiency and decarbonization.The prize was handed out at the Singapore Norway Innovation Conference (SNIC) 2023, with the theme Innovate to Zero, that is hosted annually in Singapore by the Norwegian Business Association Singapore (NBAS).Shipshave earned the accolade for having “the most innovative…