Stolt Sea News

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…

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…

Chemical tankers are sailing into another challenging year, according to the London based chemical carrier, tank container and terminals group Stolt-Nielsen's Chief Executive Officer, Niels G. Stolt-Nielsen. "Our outlook for the first half of 2018 remains essentially unchanged. We do not anticipate any substantial improvement in the chemical tanker market until 2019 when the orderbook reduces and the supply/demand balance improves," he said. Niels added: "For Stolthaven Terminals, we continue to expect a modest but steady improvement in results, driven by operational improvements and better utilisation. At Stolt Tank Containers, we expect continued strength in rates and margins.

Stolt-Nielsen Limited today reported unaudited results for the fourth quarter ended November 30, 2016. Net profit attributable to shareholders in the fourth quarter was $22.8 million, with revenue of $463.0 million, compared with a net profit of $22.2 million, with revenue of $474.1 million, in the third quarter of 2016. Net profit attributable to shareholders for 2016 was $113.1 million, with revenue of $1,879.9 million, compared with a net profit of $132.7 million, and revenue of $1,983.7 million in 2015. * Stolt Tankers reported an operating profit of $30.4 million, down from $31.4 million, as the chemical tanker market remained soft. * The Stolt Tankers Joint Service Sailed-in Time-Charter Index decreased to 0.72 from 0.76.

Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the fourth quarter ended November 30, 2015. Net profit attributable to shareholders in the fourth quarter was $21.4 million, with revenue of $494.6 million, compared with a net profit of $30.1 million, with revenue of $500.7 million, in the third quarter of 2015. Net profit attributable to shareholders for 2015 was $132.7 million, with revenue of $1,983.7 million, compared with $77.1 million and revenue of $2,137.9 million in 2014. Stolt Tankers reported an operating profit of $35.4 million, compared with $37.5 million, mainly reflecting accelerated depreciation on ships scheduled for recycling and the continuing positive impact of lower bunker costs.

Stolt-Nielsen Limited today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million, with revenue of $500.7 million, compared with a net profit of $38.7 million, with revenue of $487.7 million, in the first quarter of 2015. Net profit attributable to shareholders for the first six months was $81.2 million, with revenue of $988.4 million, compared with $49.4 million, and revenue of $1,060.1 million, in the first half of 2014. Stolt Tankers reported an operating profit of $30.4 million, up from $19.0 million, mainly reflecting lower bunker fuel prices, an improved spot market and the favourable impact of the stronger U.S. dollar.

Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo. An entrepreneur and visionary of boundless enthusiasm and energy, Jacob Stolt-Nielsen founded Parcel Tankers, Inc. in 1959 and pioneered the global trade for liquid chemicals, ultimately building what is today the world's largest chemical tanker company, Stolt Tankers. worldwide. In 1972, he founded Stolt Sea Farm, a pioneer in salmon farming, which is recognised today as a leader in high-tech aquaculture, focusing on sole, turbot and sturgeon for caviar. A year later, in 1973, he established Stolt-Nielsen Seaway A/S to provide diving and subsea services to the offshore oil and gas industry in the North Sea…

Stolt-Nielsen Limited has announced that Jacob Stolt-Nielsen, the visionary entrepreneur who founded the company in 1959, will retire from the SNL Board of Directors effective December 15, 2014, thus formally concluding his career at the company, 55 years to the date of its founding. He will continue as Honorary Chairman. Mr. Stolt-Nielsen, who is 83, conceived the innovative designs that led to the creation of the first parcel tanker. After founding Parcel Tankers, Inc. in 1959…

Stolt-Nielsen Limited today reported unaudited results for the first quarter ended February 28, 2014, which included lower cargo volumes and down profits in most markets. Net profit attributable to shareholders in the first quarter was $18.6 million, with revenue of $516.7 million, compared with $36.7 million, with revenue of $524.5 million, respectively, in the fourth quarter of 2013, the company said. Commenting on the company's results, Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited…

Stolt-Nielsen Limited has reported unaudited results for the fourth quarter ended November 30, 2013. Net profit attributable to SNL shareholders in the fourth quarter was $36.7 million, with revenue of $524.5 million, compared with $21.8 million, with revenue of $521.8 million, respectively, in the third quarter of 2013. Net profit attributable to shareholders for 2013 was $85.8 million, with revenue of $2,099.5 million, compared with $70.2 million, with revenue of $2,071.7 million, respectively, in 2012.

Stolt-Nielsen Limited says it will pay an interim dividend of $0.50 per Common Share on December 11, 2013 to shareholders of record as of November 26, 2013. In accordance with normal settlement practice, the shares will trade ex-dividend on and after November 22, 2013 (2 business days prior to the November 26, 2013 record date). Stolt-Nielsen Limited is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions…

Stolt-Nielsen Limited  reported unaudited results for the third quarter ended August 31, 2013. Net profit attributable to shareholders in the third quarter was $21.8 million, with revenue of $521.8 million, compared with $25.7 million, with revenue of $533.8 million, respectively, in the second quarter of 2013. Net profit attributable to shareholders for the first nine months was $49.1 million, with revenue of $1,575.0 million, compared with $52.0 million, with revenue of $1,560.8 million, respectively, in the first nine months of 2012. Stolt Tankers reported an operating profit of $9 million, up from $5 million, as market conditions continued to slowly improve. The Stolt Tankers Joint Service Sailed-in Time-Charter Index increased to 1.28 from 1.2.

Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013. Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million, with revenue of $510.9 million, respectively, in the fourth quarter of 2012. The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] was 1.12, down from 1.14. Stolthaven Terminals reported an operating profit of $23.3 million, up from $22.9 million, as overall market conditions remained strong.

Net profit attributable to shareholders in the second quarter was $37.0 million, with revenue of $538.8 million, compared with $8.0 million and $505.7 million, respectively, in the first quarter of 2012. Net profit attributable to shareholders for the first six months was $45.0 million, with revenue of $1,044.4 million, compared with $63.6 million and $986.6 million, respectively, in the first half of 2011. •    Stolt Tankers reported an operating profit of $29.0 million, reflecting a net gain of $24.5 million on insurance proceeds related to the loss of MT Stolt Valor following the incident in the Persian Gulf in March. Net of this gain the operating profit was $4.5 million for the current quarter, compared with an operating loss of $8.6 million.

Stolt-Nielsen Limited Reports Unaudited Results For the Fourth Quarter and Full Year of 2011. Stolt-Nielsen Limited has reported unaudited results for the fourth quarter and full year ended November 30, 2011. Net profit attributable to shareholders in the fourth quarter was $22.2 million, with revenue of $512.9 million, compared with $22.4 million and $529.8 million, respectively, in the third quarter of 2011. Net profit attributable to shareholders for the full year was $108.2 million, with revenue of $2,029.4 million, compared with $106.1 million and $1,793.7 million, respectively, in 2010. • Stolt Tankers reported an operating profit of $7.0 million, up from $6.6 million. • The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] was unchanged at 1.08.

Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the third quarter ended August 31, 2011. Net profit attributable to shareholders in the third quarter was $22.4 million, with revenue of $529.8 million, compared with $32.4 million and $528.0 million, respectively, in the second quarter of 2011. • Stolt Tankers reported operating income of $6.6 million, compared with an operating loss of $3.5 million, reflecting an improvement in spot freight rates compensating for higher bunker costs. Second-quarter operating income reflected an impairment loss of $8.5 million taken on assets held for sale. • The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] rose to 1.08 from 1.05.

Astilleros Españoles Sestao and Juliana yards have delivered the first two vessels of an inventive series of six stainless steel product/chemical carriers, Stolt Sea and Stolt Sun, both of which have joined the fleet of Stolt Parcel Tankers — the world's largest operator of its kind. One of the most outstanding features of the series of ships is their capability of simultaneously carrying a wide variety of cargoes. Made possible by an extremely compartmentalized cargo arrangement, the vessels can carry up to 700 different types of cargoes — from fruit juice to propylene oxide — without risk of polluting each other. This flexible cargo section is divided into 36 integral tanks and four deck tanks…

LONDON, April 7, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the first quarter ended February 28, 2011. Net profit attributable to shareholders in the first quarter was $31.2 million, with revenue of $458.7 million, compared with $33.0 million and $459.4 million, respectively, in the fourth quarter of 2010. *    Stolt Tankers reported an operating loss of $1.0 million, compared with an operating profit of $11.0 million. First-quarter results reflected the impact of higher bunker fuel prices, weather-related delays and port congestion.

At its recent meeting in Oslo, Jacob Stolt-Nielsen, 70, informed the Board of Stolt-Nielsen S.A. that as part of the handover of his responsibilities he whished to resign as chairman of the Stolt-Neilsen Transportation Group Limited (SNTG), the Group's chemical transportation business. Jacob Stolt-Neilsen is the founder of SNTG and has been its chairman since 1959. As a pioneer of the deep sea, multigrade parcel trade in chemicals and other specialty products, he remains chairman of SNSA, Stolt Offshore S.A. and Stolt Sea Farm Holdings. The board of SNSA decided to appoint Samuel Cooperman, 56, as the new chairman of SNTG, taking on the responsibilities with immediate effect and reporting to Niels Gregers Stolt-Neilsen, the CEO of SNSA. Reginald J.R.

Astilleros Españoles Sestao and Juliana yards have delivered the first two vessels of an inventive series of six stainless steel product/chemical carriers, Stolt Sea and Stolt Sun, both of which have joined the fleet of Stolt Parcel Tankers - the world's largest operator of its kind. One of the most outstanding features of the series of ships are their capability of simultaneously carrying a wide variety of cargoes. Made possible by an extremely compartmentalized cargo arrangement, the ships can carry up to 700 different types of cargoes -- from fruit juice to propylene oxide - without risk of polluting each other. This flexible cargo section is divided into 36 integral tanks and four deck tanks…

Stolt-Nielsen S.A. ( said that while the waivers of covenant defaults granted by its primary lenders expired today, the Company and its lenders remain in constructive discussions aimed at establishing longer-term waivers. "We continue to work closely with our primary lenders toward longer-term waivers that will give us the necessary time to allow us to develop a sensible financial restructuring plan," said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA. About Stolt-Nielsen S.A. Stolt-Nielsen S.A. is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through its parcel tanker, tank container, terminal, rail and barge services, provides integrated transportation for its customers.

Stolt-Nielsen S.A. reported results for the fourth quarter and full year ended November 30, 2007. The financial statements for the full year ended November 30, 2007 have been audited. • Operating revenue for the fourth quarter of $460.8 million, up 14% compared with same quarter last year. Operating revenue for the full year of $1,759.4 million, up 12% compared with the previous year. • Operating income for the fourth quarter of $47.0 million, up 7% compared with fourth quarter of last year. Operating income for the full year of $193.0 million, up 16% compared with the previous year. • Net income for the fourth quarter of $36.3 million…

Stolt-Nielsen S.A. announced organizational changes. • Stolt-Nielsen Transportation Group will become two separate business units: Stolt Tankers & Terminals (ST&T) and Stolt Tank Containers (STC). The new structure will enable ST&T to continue to focus on the global operational synergies between the tankers and terminals businesses. STC will benefit from greater flexibility and focus to pursue its targeted growth strategy and markets worldwide. • Implementation of a single Stolt-Nielsen S.A. (SNSA) corporate shared services structure combining HR, IT and Finance under the SNSA umbrella to ensure the deployment of common standards and best practices Company-wide. Stolt Sea Farm's business will be unaffected, apart from benefiting from certain of the shared services organizational changes.