Oslo-listed Stolt-Nielsen S.A. has revealed that it suffered financial losses for the fourth quarter and the full year of 2009 due to the continued squeeze on freight rates and increased competition, with the expectation for 2010 to be ‘another challenging…

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• Stolt-Nielsen evaporated in the gas market

    Stolt-Nielsen S.A.

• Jacob Stolt-Nielsen to resign

    Stolt-Nielsen S.A. founder will resign as Chairman on company’s 50 year anniversary Read at Jacob Stolt-Nielsen to step down

• Jacob Stolt-Nielsen to resign as President of Stolt-Nielsen SA Board of Directors

    Stolt-Nielsen S.A. announced yesterday that Jacob Stolt-Nielsen, who founded the Company and served as its Chairman since 1959, will step down as Chairman effective December 15, 2009, the 50 year anniversary date of the Company. He will continue to serve as a Director of the Board. Christer Olsson, who has been

• Stolt-Nielsen SA announces acquisition of the LPG carrier Gas Althea

    Stolt-Nielsen S.A. (SNSA) (Oslo B?rs: SNI) yesterday announced that it has agreed to acquire through its subsidiary Stolt-Nielsen Gas Ltd

• Stolt-Nielsen UAE-bound cargo chemical stability

    Despite the global shipping slump, the inbound chemical cargo traffic in the UAE has not changed substantially for Stolt-Nielsen, the global transportation services provider for bulk liquid chemicals, edible oils, acids, and other specialty liquids, an executive said. “On the export side, MTBE (methyl tertiary butyl ether that is used

• Wärtsilä is the exclusive supplier of bilge water treatment units to Stolt Tankers

    Wärtsilä and Stolt Tankers B.V. have signed an agreement whereby Wärtsilä becomes the exclusive supplier of bilge water treatment units to the Stolt-Nielsen group. The agreement ensures that newbuildings, and retrofits of existing Stolt vessels, will be fitted with Wärtsilä Senitec M-series bilge water treatment units and Wärtsilä Senitec BilgeGuard™ bilge discharge monitoring

• Handelsbanken analyst positively listed on Oslo Frontline, Golden Ocean

    Head analyst with Handelsbanken Capital, Erik Nielsen, told Norwegian business daily Dagens Naeringsliv (DN) that the most unpopular Oslo-listed stocks, such as shipping companies Frontline Ltd and Golden Ocean Group Ltd, will be the winners in 2010. The brokerage has recently interviewed its 350 largest institutional and private investors in

• Stolt Tankers Selects Stratos for Fleetwide Satellite Communications Network

     Stratos Global Corporation, the leading global provider of advanced mobile and fixed-site remote communications solutions, today announced it has been selected by Stolt Tankers B.V. (Stolt) to provide a fleetwide, high-speed satellite-based communications network. Stolt Tankers is a subsidiary of Stolt-Nielsen S.A., one of the world’s leading providers of integrated maritime transportation services. The

• SMITV in conversation with Aniello Esposito Gulf Stolt Ship Management

     Read at SMITV talks to Aniello Esposito from Gulf Stolt Ship Management

• OOCL announced rate increases in Europe-Asia ex-Japan services

    The economic downturn has led to a weakening of revenue levels to the extent that freight rates are unable to cover basic operating or transportation costs. Considering that current levels are unsustainable for the long term, OOCL would like to advise that we will introduce a rate restoration programme in order

• OOCL announced rate increases on transatlantic services

    The economic downturn has led to a weakening of revenue levels to the extent that freight rates are unable to cover basic operating or transportation costs. Considering that current levels are unsustainable for the long term, OOCL would like to advise that we will introduce a rate restoration programme in order

• India: Rising rates hit coal importers

    While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants, private companies who are importing coal for NTPC, may end up taking a hit due to rising freight rates. Apart from the price of non-coking coal,

• Evergreen Marine: container ship can take over-supply by 2011

     A large number of new container ships due for delivery this year and next, and the possible return to service of idled vessels could extend industry oversupply into 2011, according to Bronson Hsieh, the chairman of Evergreen Marine, Dow Jones reported. Container shipping line operators have posted large losses since

• line losses almost double

    Japanese ocean carrier “K” Line said its net losses in the last three months of 2009 nearly doubled to $203.3 million from $115.2 million a year earlier as weak volume and rates caused revenue to plunge to $2.3 billion from $3.5 billion. “K” Line said, however, that it sees indications

• South Koreas Hanjin Shipping pound Q3 net loss of U.S. $ 362 million

    Hanjin Shipping Co., Korea’s largest shipping line, said that it posted a loss in the third quarter on falling shipping rates. The company posted a net loss of 421 billion won ($362 million) in the July-September period, compared with a profit of 31 billion won a year earlier.