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.

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