Stolt Bitumen Services Orders Two 3,500 Deadweight Ton Bitumen Tankers
(Thomson Reuters ONE) -
LONDON, September 23, 2010 - Stolt-Nielsen S.A. (Oslo Børs: SNI) announced today
that its wholly owned subsidiary Stolt Bitumen Services (SBS) signed an
agreement with Nanjing East Star Shipbuilding in China for the purchase of up to
four 3,500 deadweight ton (dwt) bitumen tanker newbuildings due for delivery
from March 2012. Under the terms of the agreement, SBS has placed firm orders
for two ships and holds options to purchase two additional ships.
Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA, said, "Our bitumen
fleet newbuilding programme is part of SBS's ongoing development of a
distribution network in Asia-Pacific, including terminals, bitumen tankers and
bitutainers. With the addition of these new high quality newbuildings, SBS will
operate four bitumen tankers to meet the growing transportation requirements of
our customers."
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen(at)stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge(at)stolt.com
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (SNSA or the "Company") is a leading global provider of
integrated transportation solutions for bulk liquid chemicals, edible oils,
acids, and other specialty liquids through its three largest business divisions,
Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm
produces and markets high quality turbot, sole, sturgeon, and caviar.
Stolt-Nielsen Gas transports liquefied petroleum gas (LPG) with its growing
fleet of very large gas carriers (VLGCs). Stolt-Nielsen S.A. is listed on the
Oslo Stock Exchange.
Forward-Looking Statements
This press release contains "forward-looking statements" based on information
available to the Company on the date hereof, and the Company assumes no
obligation to update any such forward-looking statement. These statements may be
identified by the use of words like "anticipate," "believe," "estimate,"
"expect," "intend," "may," "plan," "project," "will," "should," "seek," and
similar expressions. The forward-looking statements reflect the Company's
current views and assumptions and are subject to risks and uncertainties. The
Company does not represent or warrant that the Company's actual future results,
performance or achievements will be as discussed in the those statements, and
assumes no obligation to, and does not intend to, update any of those
forward-looking statements other than as may be required by applicable law.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1446366]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen S.A. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.09.2010 - 12:43 Uhr
Sprache: Deutsch
News-ID 42975
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contact information:
Town:
London
Kategorie:
Business News
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"Stolt Bitumen Services Orders Two 3,500 Deadweight Ton Bitumen Tankers"
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