31/03/2022at 15:23

Stolt-Nielsen CEO comments rumours of Odfjell merger

The Norwegian shipping group reports its best quarterly result since 2008. CEO comments surprising purchase of shares in chemical tanker carrier Odfjell.

by KIM WIESENER

Stolt-Nielsen has just presented its finest quarterly result in 14 years with a net profit of USD 52.3m for the first three months of 2022, according to a financial news release with unaudited results.

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Stolt-Nielsen buys into major competitor Odfjell in surprise move
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Will Niels Stolt-Nielsen be able to convince Laurence Odfjell about a merger?
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Stolt-Nielsen CEO comments rumours of Odfjell merger

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Stolt-Nielsen buys into major competitor Odfjell in surprise move

Will Niels Stolt-Nielsen be able to convince Laurence Odfjell about a merger?

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Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

End of 2M alliance could trigger a domino effect

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