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Container business counterbalanced poor tanker market for Stolt-Nielsen

Norwegian carrier Stolt-Nielsen comes out of 2021 with an improved bottom line due to the strong container market. Main business Stolt Tankers recedes, although CEO expects betterment in 2022.

Photo: Stolt-Nielsen

The Stolt-Nielsen group’s core market, tanker, had a weak 2021, but the thriving container sector pulls the shipping group up.

The company reports a net profit of USD 78.8m for the entire year, an increase from USD 39.2m in 2020. Revenue soared to USD 2.1bn against USD 1.9bn the year before, according to Stolt-Nielsen’s annual report, made public Thursday.

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