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Stolt Tankers in black for the first time in 4 years

Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen Limited, calls it a milestone that Stolt Tankers made a profit in August 2013, the first time in four years.

Norwegian Stolt-Nielsen achieved a net result of USD 21.8 million in 3rd quarter versus USD 25.7 million, or slightly less than the USD 25.7 million that tanker company achieved in the 2nd quarter.

"In August, the last month of the third quarter, Stolt Tankers was profitable for the first time since 2009 - a significant milestone. We expect this trend to continue,  but as we  have mentioned repeatedly, we expect the recovery in the parcel tanker market to be long and slow," says CEO Nielt G. Stolt-Nielsen in a press release on Thursday.

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