Stolt-Nielsen: Recovery is beginning to fade

Sale of shares in Avance Gas gave the Stolt-Nielsen group a net-profit in the second quarter. But prospects on the tanker market are dim: “The likelihood of a recovery have decreased,” the company says.

Stolt-Nielsen Tankers failed to live up to its own expectations in the second quarter of 2014, which is usually seen as a good stage for the Norwegian chemical carrier. Operating profit in the tanker company fell to USD 8.5 million in Q2 from USD 9.8 million in the first three months of the year, and prospects are dim according to the CEO.

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