SOURCE: Stolt-Nielsen S.A.

August 16, 2007 06:17 ET

Stolt-Nielsen S.A. to enter Asian bitumen tanker market

LONDON--(Marketwire - August 16, 2007) -

Stolt-Nielsen S.A. to enter Asian bitumen tanker market

London, England - August 16, 2007 - Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI), announced today that it has signed an agreement with Xinshun Shipyard in China for the purchase of up to six 5,900 deadweight ton (dwt) bitumen tanker newbuildings due for delivery from February 2010. Under the terms of the agreement, SNSA has placed firm orders for two ships and holds options to purchase a further four ships. It is intended that a new division of SNSA will be established in Asia-Pacific that will provide logistical services for the distribution of bitumen.

Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA, said, "This investment in new, superior performance bitumen tankers represents our entry into an attractive sector, in a region where SNSA has long been one of the leaders in the chemical products transportation market. We are very pleased to have secured these high quality newbuildings from the Xinshun Shipyard, which will allow us to meet the demanding intra and inter-regional transportation needs of our oil refiner and industrial customers."

Contact:          Nicola Savage
                  Hudson Sandler
                  UK +44 (0) 20 7796 4133

                  Jan Chr. Engelhardtsen
                  UK +44 (0) 20 7611 8972

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 subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sturgeon and caviar.

Forward-looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements.

Copyright © Hugin ASA 2007. All rights reserved.

Contact Information