ShippingWatch

Stolt-Nielsen is monitoring two decisive situations

A large fire at a petrochemical terminal in the US and the upcoming global sulfur regulations could impact Stolt-Nielsen's businesses. According to the Norwegian shipping company's CEO, customers will have to foot the bill for the new fuel regulations.

Photo: Stolt-Nielsen

Two current situations look set to impact Stolt-Nielsen's businesses.

The Norwegian shipping group operates chemical tanker operator Stolt Tankers as well as terminals, containers and LNG storage facilities, and the company has just published its results for the first quarter, which ran until the end of February this year.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs