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Stolt-Nielsen worried about the tanker market

2014 was a disappointing year for Norwegian Stolt-Nielsen as the anticipated improvement for chemical tanker carrier Stolt Tankers did not emerge. The company is worried about the significant chemical tanker orderbook in 2015, says CEO Niels G. Stolt-Nielsen.

The final months of 2014 failed to provide Norwegian Stolt-Nielsen's chemical tanker carrier Stolt Tankers with the expected boost, and CEO Niels G. Stolt-Nielsen describes 2014 as a disappointing year for the company overall.

In the fourth quarter the Stolt-Nielsen group as a whole, which is listed on the Oslo Stock Exchange and is active in the chemical, container and tanker businesses, achieved a net result of USD 13.1 million and a revenue of USD 532.3 million, down from the third quarter result of USD 14.6 million and USD 545.4 million revenues, according to the company's annual report.

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