Stolt Bitumen Services Orders Two 3,500 Deadweight Ton Bitumen Tankers
Stolt-Nielsen S.A. (Oslo Bors: SNI) announced 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, reports www.megafishnet.com with reference to Stolt Nielsen.
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@stolt.com
Jens F. Gruener-Hegge V.P. Corporate Finance UK +44 (0) 20 7611 8985 j.gruner-hegge@stolt.com
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. 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.