LONDON--(Marketwire - Nov 27, 2012) - Stolt Tankers B.V., a subsidiary of Stolt-Nielsen
Limited (Oslo Børs: SNI), announced today that it has reached an
Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong-Zhonghua) and
Shipbuilding Trading Co. Ltd, (CSTC), under China Shipbuilding Group
(CSSC), for five plus three options 38,000 deadweight ton (dwt) stainless
parcel tankers, with deliveries expected to take place from December
onwards. The agreement is subject to satisfactory financing being obtained.
The ships were designed to deliver substantial improvements in fuel
while providing operational flexibility with their fully stainless steel
tanks, cargo pumps, heating and cooling capacity. With a relatively
draft when fully loaded, the ships are expected to consume significantly
fuel compared with existing parcel tankers.
Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited,
"This new generation of parcel tankers gives us both improved energy
and the cargo handling flexibility that our contract of affreightment
require. The order represents approximately half of our required
tonnage through 2016, given Stolt Tankers' present contract portfolio."
Each of the ships will have 43 stainless steel tanks with a total
44,000 cubic meters. The parcel tankers will meet both Marpol Annex I and
II cargo requirements, complying with common structural rules for oil
The ships will have IMO I, II and III capabilities and will be able to
the full range of difficult-to-handle cargoes that Stolt Tankers carries.
The new ships will replace five 1986-built parcel tankers
recycling in 2016.
Stolt Tankers and its partners today own and operate globally 150 ships
in size from 1,100 dwt to 44,000 dwt.
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global
integrated transportation solutions for bulk liquid chemicals, edible
acids, and other specialty liquids through its three largest business
Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea
produces and markets high quality turbot, sole, sturgeon, and caviar.
Stolt-Nielsen Gas, through its investment in Avance Gas Holding Ltd.,
liquefied petroleum gas (LPG) with a fleet of very large gas carriers
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of the disclosure requirements pursuant to
5-12 of the Norwegian Securities Trading Act.
This press release contains "forward-looking statements" based on
available to the Company on the date hereof, and the Company
obligation to update any such forward-looking statement. These statements
identified by the use of words like "anticipate," "believe,"
"expect," "intend," "may," "plan," "project," "will," "should,"
similar expressions. The forward-looking statements reflect the
current views and assumptions and are subject to risks and
Company does not represent or warrant that the Company's actual future
performance or achievements will be as discussed in the those
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.
This information is subject of the disclosure requirements acc. to
(Norwegian Securities Trading Act)
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Source: Stolt-Nielsen Limited via Thomson Reuters ONE