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Stolt-Nielsen still has yet to determine cost of ship explosion

It is too early for Stolt-Nielsen to say what this weekend's explosion will cost the shipping company, according to its interim report, which shows an improved bottom line compared to the year prior.

Vessel Stolt Groenland suffered an explosion during the weekend as it lay docked in Ulsan, South Korea. The fire spread to a nearby ship. | Photo: HANDOUT/REUTERS / X80001

Norwegian tanker ship operator Stolt-Nielsen does not yet know the cost of the explosion that occurred on vessel Stolt Groenland near South Korea's Port of Ulsan prior to the weekend.

The cause of the explosion is currently unknown as well, the shipping company says in its interim report, just published.

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