Tanker

Stolt-Nielsen: Growing fleet strains chemical tanker segment

The operating profit took a dive at Stolt-Nielsen's tanker division in the fourth quarter 2016, and prospects for the chemical tanker market in 2017 are less than positive, as the global fleet looks set to grow significantly, according to the carrier's annual report.
Photo: Stolt-Nielsen Limited
Photo: Stolt-Nielsen Limited
by TOMAS KRISTIANSEN

With an operating profit of USD 30.4 million in the fourth quarter 2016 at Stolt Tankers, the result for Stolt-Nielsen's crucial chemical tanker division remains more or less unchanged compared to the previous quarter's operating profit of USD 31.4 million.

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