Stolt-Nielsen reports best quarterly profit in years

Norwegian Stolt-Nielsen, which has acquired shares in competitor Odfjell, benefitted from higher volumes and spot rates in the chemical tanker market and predicts further improvement in the market. The company is, however, not quite ready for ordering newbuilds.

Photo: Stolt-Nielsen

Norwegian Stolt-Nielsen reports its best result in years in the second quarter. And according to the company, there are signs the chemical tanker market, having been strained for years, will continue the positive trend for some time to come.

This is evident from the company’s Q2 interim report, which reveals an overall net profit of USD 58.6m for the Norwegian shipping group, which, among others, consists of chemical tanker operator Stolt Tankers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Further reading

Related articles

Latest news

See all jobs