SOURCE: Stolt-Nielsen S.A.

November 17, 2008 15:12 ET

M/T Stolt Valor Released by Hijackers

LONDON--(Marketwire - November 17, 2008) - Stolt-Nielsen S.A. (Oslo Børs: SNI) today confirmed that M/T Stolt Valor was released yesterday morning by its hijackers, who took control of the ship two months ago. All crew members were unharmed.

M/T Stolt Valor, which is on time charter from Japanese owners to Stolt Tankers B.V. was seized whilst transiting the Gulf of Aden on September 15. Since that time the owners worked continuously with the assistance of the relevant authorities and professional negotiators to secure the release of the vessel and the crew members on board.

The Company, however, remained deeply concerned with the welfare of the crew members of M/T Stolt Strength, also a time-charter ship, which was hijacked on November 11 and continued to be held by the hijackers in the Gulf of Aden.

Stolt Tankers B.V. follows all established and recommended procedures designed to support the safe passage of ships in the region. In addition, the Company is through various membership organisations promoting further action to protect seafarers and trade through the Gulf of Aden.

About Stolt-Nielsen S.A.

Stolt-Nielsen S.A. (the "Company") 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 the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiaries Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon and caviar.

Forward-looking Statements

This press release contains "forward-looking statements" based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statement. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The Company does not represent or warrant that the Company's actual future results, performance or achievements will be as discussed in the those statements, and assumes no obligation to, and does not intend to, update any of those forward-looking statements other than as may be required by applicable law.


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Contact Information

  • For further information, please contact:

    Jan Chr. Engelhardtsen
    U.K. +44 (0) 20 7611 8972
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    Jens F. Grüner-Hegge
    U.K. +44 (0) 20 7611 8985
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