Stolt Nielsen News

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…

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…

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.

Armed pirates attacked a British-flagged chemical tanker in the Gulf of Aden on Sunday but were repulsed, the ship's manager Stolt Tankers said.The pirates approached the Stolt Apal in two speedboats some 75 nautical miles off Yemen, it said, in one of the most important trade routes for oil heading from the Middle East to Europe."After multiple warning shots were fired by the armed guard team aboard Stolt Apal, the skiffs opened fire on the ship. The armed guard team returned fire, disabling one skiff and ending the pursuit," a company spokesman told Reuters in emailed comments."A coalition warship (also) responded and Stolt Apal has resumed her voyage…

UK-based small-scale liquefied natural gas (LNG) supplier Avenir LNG announced that Milorad Doljanin will assume the role of Chief Executive Officer with effect December 13th, 2019.According to a press release from the shipping venture backed by Stolt-Nielsen, Golar LNG and Höegh LNG, Doljanin joined in August 2019 as COO.He brings 15 years of LNG trading and commercial experience with PetroChina, Gazprom, EON and BP.Commenting on his appointment, Milorad said “This is an exciting time for Avenir LNG, a company which is uniquely placed to provide LNG to small-scale LNG customers who were previously unable to access the fuel’s environmental and commercial benefits.”Doljanin succeeds Andrew Pickering, who will retire as CEO of Avenir LNG Limited on December 13th, 2019.

CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.Watson Farley & Williams (WFW), the international law firm based in London, has advised on this transaction. The leases were of a hybrid nature combining elements of both financial and operating leases.Founded in 2008, Shanghai-based CMBFL provides financial leasing solutions to large, medium and small businesses across China.

A fire that spread across two oil tankers in a South Korean port injured 10 people on Saturday, coastguard and fire officials said, adding the blaze had largely been put out.An explosion occurred on the Stolt Groenland, a 25,000-tonne, Cayman Island-flagged oil tanker, at the southern port of Ulsan at around 10:50 a.m. (0150 GMT), a coastguard official said.There were 25 sailors aboard, including Russians and Filipinos.The fire spread to another oil tanker docked nearby, the 9,000-tonne, South Korean-flagged Bow Dalian, with 21 aboard, he said.All of the sailors on both ships were rescued, but 10 people, most of whom were workers at the terminal, have been wounded so far, a fire official told Reuters.

Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.Britain's ship registry forms part…

International accredited registrar and classification society DNV GL has announced that Jon Fredrik Baksaas has been appointed the Vice Chair of its Board of Directors.The Norway-headquartered classification body said in a press release that Baksaas started his working career in DNV in 1979 and worked in Norway and Japan until he left DNV in 1985.He went on to work in Stolt-Nielsen and Aker and topped his executive career with more than 25 years in Telenor – the last 13 as CEO and President until he stepped down in 2015.Baksaas has served 12 years as a member of the DNV Council. He succeeds Morten Ulstein, who is standing down from the board.The company currently has about 14…

GasLog and GasLog Partners announced that Paolo Enoizi has been appointed as Chief Operating Officer (COO) Designate of GasLog and GasLog Partners.Paolo, who will be based in Piraeus, Greece, will take up his role in August 2019 and initially work alongside current COO Richard Sadler to ensure a smooth transition of responsibilities.On joining GasLog in August 2017 and in addition to his day-to-day responsibilities, Richard indicated his desire to work with the rest of the senior leadership team to identify a long-term successor for the COO role. Today’s announcement of Paolo as COO Designate is the successful outcome of that process.Paolo was most recently Managing Director of Stolt Tankers BV Rotterdam…