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Stolt-Nielsen on chemical tanker market: No signs of an upturn yet

A "definitive upturn" in the chemical tanker market has yet to materialize, believes Stolt-Nielsen, which books a lower profit for the second quarter than for the same quarter the year prior. The company just secured a number of refinancing agreements.

Photo: PR/Stolt-Nielsen

A definitive improvement in the chemical tanker market has yet to materialize, at least according to shipping group Stolt-Nielsen, which operates chemical tanker company Stolt Tankers and a number of terminals, containers and LNG storage facilities.

"As far as the outlook is concerned, evidence of a definitive upturn in the chemical tanker market has yet to materialize," says CEO Niels G. Stolt-Nielsen in connection with the company presenting its second-quarter results.

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