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Stolt-Nielsen: No sign of improvement in 2015

CEO Niels G. Stolt Nielsen is worried about the prospects for the company's chemical tanker carrier, Stolt Tankers, which saw its operating result decline in the 3rd quarter, according to the company's interim report.

"Looking ahead, we remain concerned about the market outlook for Stolt Tankers," says Niels G. Stolt-Nielsen, CEO of Norwegian Stolt-Nielsen Limited in a comment on the carrier's interim report.

The company's chemical tanker carrier Stolt Tankers, which competes with Nordic Tankers, among others, is under significant pressure and achieved a 3rd quarter revenue of USD 318 million, down from USD 323.4 million in the 2nd quarter. The development is especially caused by a 1.9 percent decline in operating days in the period, according to the report.

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