Stolt Tankers disappoints in the first quarter

Fewer contract volumes and delays in several ports due to bad weather led to a lower operating profit for the Norwegian chemical tank carrier.

Stolt Tankers finished the 1st quarter 2014 - ending on February 28 - with an operating profit of USD 9.8 million, or significant lower than the previous quarter, at USD 15.8 million.

The combined group, Stolt-Nielsen Limited, achieved a net result of USD 18.6 million, from a revenue of USD 516.7 million, compared to USD 36.7 million and USD 524.5 million, respectively, in the 4th quarter 2013.

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