Stolt-Nielsen S.A. Enters into Three-Year Time Charter of VLGC
"Yuhsho"
(Thomson Reuters ONE) - London, England - November 4, 2009 - Stolt-Nielsen S.A. (SNSA) (OsloBørs: SNI) today announced that the Company through its subsidiaryStolt-Nielsen Gas Ltd. has entered into a time charter of the1999-built Very Large Gas Carrier (VLGC) Yuhsho. The Yuhsho is ownedby Yuyo Steamship Co., Ltd. of Japan, and the period of the timecharter is for three years with further options. The ship has acapacity of 78,498 cbm and was built by Mitsubishi Heavy Industries,Ltd. and delivered in February 1999.Commenting on the delivery, Mr. Christian Andersen, President ofStolt-Nielsen Gas Ltd., said: "Stolt-Nielsen Gas Ltd. was establishedin 2007 to explore investments in LPG tankers. Yuhsho is our firstventure into the VLGC market. Although current earnings are nearhistoric lows, we believe the longer term supply and demandfundamentals remain attractive."For additional information please contact:Jan Chr. EngelhardtsenChief Financial OfficerUK +44 (0) 20 7611 8972j.engelhardtsen(at)stolt.comJens F. Grüner-HeggeV.P. Corporate FinanceUK +44 (0) 20 7611 8985j.gruner-hegge(at)stolt.comAbout Stolt-Nielsen S.A.Stolt-Nielsen S.A. (SNSA or the "Company") is one of the world'sleading providers of transportation services for bulk liquidchemicals, edible oils, acids, and other specialty liquids. TheCompany, through the parcel tanker, tank container, terminal, railand barge services of its wholly owned subsidiary Stolt Tankers &Terminals and Stolt Tank Containers, provides integratedtransportation solutions for its customers. Stolt Sea Farm, whollyowned by the Company, produces and markets high quality turbot, sole,sturgeon, and caviar. Stolt-Nielsen is listed on the Oslo StockExchange.Forward-Looking StatementsThis press release contains "forward-looking statements" based oninformation available to the Company on the date hereof, and theCompany assumes no obligation to update any such forward-lookingstatement. These statements may be identified by the use of wordslike "anticipate," "believe," "estimate," "expect," "intend," "may,""plan," "project," "will," "should," "seek," and similar expressions.The forward-looking statements reflect the Company's current viewsand assumptions and are subject to risks and uncertainties. TheCompany does not represent or warrant that the Company's actualfuture results, performance or achievements will be as discussed inthe those statements, and assumes no obligation to, and does notintend to, update any of those forward-looking statements other thanas may be required by applicable law.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 04.11.2009 - 10:49 Uhr
Sprache: Deutsch
News-ID 7888
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"Yuhsho""
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