Stolt-Nielsen S.A. Announces Acquisition of the LPG Carrier Althea
Gas
(Thomson Reuters ONE) - London, England - November 19, 2009 - Stolt-Nielsen S.A. (SNSA) (OsloBørs: SNI) today announced that it has agreed to acquire through itssubsidiary Stolt-Nielsen Gas Ltd. the 82,557 cbm LPG carrier AltheaGas from Iino Kaiun Kaisha of Japan. The ship was built by KawasakiHeavy Industries, Ltd. of Japan in 2003. Delivery to Stolt-NielsenGas Ltd. is scheduled to take place in early 2010.The purchase of the Althea Gas follows SNSA's recently announcedentry into the VLGC market with the three-year time charter of theLPG carrier Yuhsho. Commenting on the transaction, Mr. Niels G.Stolt-Nielsen, Chief Executive Officer of SNSA, said: "We are pleasedto acquire the Althea Gas at what we believe to be attractive terms,which will give us a competitively priced asset to operate. Ourcurrent intention is to trade the Althea Gas alongside Yuhsho in thespot and time-charter market."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 its parcel tanker, tank container, terminal, railand barge operations, provides integrated transportation solutionsfor its customers. Stolt Sea Farm, wholly owned by the Company,produces and markets high quality turbot, sole, sturgeon, and caviar.Stolt-Nielsen is listed on the Oslo Stock Exchange.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: 19.11.2009 - 10:41 Uhr
Sprache: Deutsch
News-ID 8620
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