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Stolt-Nielsen expects strong chemical tanker market to continue

Stolt-Nielsen, which among other businesses owns and operates a large fleet of chemical tanker vessels, increased its profit in the third quarter, though revenue declined. CEO sees signs of a strong market which is expected to continue.

Photo: PR/Stolt-Nielsen

Stolt-Nielsen increased its profit in the third quarter, even though the top line decreased for the company, whose activities include chemical tanker.

The company had expected a more challenging third quarter, due to a combination of a weaker MR market and a slowdown in the economy due to the coronavirus pandemic.

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