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.

BY DANIEL LOGAN BERG-MUNCH

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.

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