Tanker keeps Stolt-Nielsen's 2015 result afloat

Shipping group Stolt-Nielsen noted setbacks in 2015 in several business areas as well as the total revenue, but the strong tanker market saved the Norwegian group's full year net result. Many newbuildings in 2016 and 2017 are a cause for concern, says the CEO.

Photo: Stolt-Nielsen

Norwegian shipping group Stolt-Nielsen Limited, which is active in mainly tanker, container and terminals, saw a large part of its business decline in the fiscal year 2014/2015, which ended November 30th.

The major and only bright spot was the tanker market, and the strong rates there were so notable that they saved Stolt-Nielsen's aggregate net result for the full year, shows the company's unaudited annual report, released Thursday.

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