Stolt Tankers Acquires Three Ships for European Regional Fleet
June 23 2015 - 10:45AM
LONDON, June 23,
2015 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced today
that Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully
stainless steel parcel tankers from Odfjell Tankers AS. The
ships, which were built in 1997-1998 and are sister ships of three
tankers currently operated by Stolt Tankers, are expected to join
the Stolt-Nielsen Inter-Europe Service by the end of August 2015.
Further terms of the transaction were not disclosed.
Commenting on the purchase, Hans
P. Feringa, President of Stolt Tankers, said, "We are pleased to
have acquired these well priced, high quality assets, which enhance
the scale efficiency of our fleet of European regional parcel
tankers. The ships are a perfect fit with our current fleet,
the contract portfolio we serve, and our goal of providing our
customers with the quality, reliability and service flexibility
that their supply-chain needs demand."
The three ships are highly
specialised, with 20 duplex stainless steel tanks, ICE class 1A and
fitted with nitrogen generators. They are sister ships to
Stolt Tankers' R5 class, which consists of Stolt
Razorbill, Stolt Kingfisher and Stolt Pelican.
Contacts:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
About Stolt-Nielsen
Limited
Stolt-Nielsen Limited (SNL or the "Company") 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 Tankers, Stolthaven
Terminals and Stolt Tank Containers. Stolt Sea Farm produces
and markets high quality turbot, sole, sturgeon, and caviar.
Stolt-Nielsen Gas develops opportunities in LPG and LNG
shipping and distribution. Stolt-Nielsen Limited is listed on the
Oslo Stock Exchange.
This
information is subject of the disclosure requirements acc. to §5-12
vphl (Norwegian Securities Trading Act)
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Stolt-Nielsen Limited via Globenewswire
HUG#1930762
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