Stolt-Nielsen hit by struggling container sector
Norwegian shipping group Stolt-Nielsen saw its net result decline in the third quarter. A solid chemical tanker market was unable to compensate for the low rates and increasing competition in the container sector, notes the company.
by DANIEL LOGAN
Stolt-Nielsen Limited is still noting strong developments for the group's chemical tanker business, but the struggling container market and a major impairment on the company's terminal and port business pulled the Norwegian shipping group down in the third quarter, ending August 31.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
.jpg&w=384&q=75)
