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Stolt-Nielsen sees signs of more challenging third quarter

The third quarter looks set to be more difficult for Norway's Stolt-Nielsen, which has implemented several measures aimed at cutting costs, and the company has also just bolstered its liquidity by issuing bonds.

Photo: PR / Stolt Tankers

Stolt-Nielsen, which among other things owns a large fleet of chemical tanker vessels, sees signs of a more challenging third quarter ahead, in which the coronavirus crisis will take a bigger toll on the business, projects CEO Niels G. Stolt-Nielsen.

His comments come in the wake of the publication of the company's interim report Thursday.

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