Stolt-Nielsen

Stolt -Nielsen Limited ( SNL ), headquartered in Bermuda is one of the world's largest companies in the transport, handling and storage of chemicals, petroleum products and gases. Another part of the company is engaged in the operation of aquaculture.

Structure

The Stolt -Nielsen Limited acts as the holding company for several subsidiaries. The break down as follows:

  • Stolt Tankers operates the world's largest fleet of chemical tankers of different sizes and ride areas.
  • Stolt -Nielsen Gas ( SNG) operates a fleet of LNG carriers.
  • Stolt Bitumen Services (SBS) operates a fleet of bitumen tankers, bitumen and bitumen containers terminals in Asia.
  • Stolthaven Terminals operates a number of terminals and warehouses.
  • Stolt Tank Containers ( STC) operates the world's largest inventory of stainless steel tank containers.
  • Stolt Sea Farm (SSF ) operates aquaculture enterprises for the production of turbot, sole, sturgeon and caviar.

History

The company was founded in 1959 by the Norwegian Shipbrokers Jacob Stolt -Nielsen as Parcel Tankers Incorporated and operational in the beginning a chartered tanker, the Stolt Avance. In the following four years, the fleet was increased to 18 units, and opened offices in New York and Japan Oslo. 1970, the Company issued seven chemical tankers in order, their layout with double hull and stainless steel tanks influenced both later ships of this type as well as the upcoming IMO Rich lines. The following year, the first storage terminal was purchased. Again, a year later, Stolt -Nielsen Seaway A / S was founded, whose business was aimed at services and exploration of offshore oil production.

1977 Stolt -Nielsen got into financial trouble, prompting BP participated with the option to be 50 percent owner. In 1980 the company generated revenues of around one hundred million U.S. dollars profit. 1982 Stolt Tank Containers was founded and the company acquired United Tank Containers with 400 tank containers and expanded the business with small tanker units. 1987 triggered BP and Stolt -Nielsen their agreement of 1977 and the NYK Line took over ten percent of the company shares. 1988 Stolt -Nielsen redeemed via an IPO on the NASDAQ 51 million U.S. dollars and the business expanded with small tanker units on. 1991 Stolt -Nielsen acquired, established in Norway for the cultivation of smolt 1972 Sea Farm and renamed it in Stolt Sea Farm at ( this business was in the following decades several times through acquisitions enhanced). A year later, Stolt -Nielsen Seaway concluded with the Comex Services SA Stolt Comex Seaway together for the first time and reached over a billion dollars in sales. The first Stolt Comex Seaway IPO on the NASDAQ in 1993 provided $ 43 million.

Stolt Parcel Tankers, 1999, the subsidiary, Stolt Tank Containers and Stolt -Nielsen Stolt Haven terminals Transportation Group were summarized. This took over in the same year, half of the shares in Jeong- II Tank Terminal, the largest of its kind in Ulsan, South Korea. For the 40th anniversary, the company approached a turnover of two billion U.S. dollars and employed approximately 10,000 people. In 2000, Stolt Comex Seaway renamed in Stolt Offshore and Niels G. Stolt -Nielsen took over the post of CEO of the outgoing Jacob Stolt Nielsen. Stolt -Nielsen, 2001, the Transportation Group sold its terminals in Perth Amboy and Chicago. After the parent company had its share of Stolt Offshore 2004 already reduced to 41.7 %, they gave their remaining shares in 2005 completely. In the same year Stolt Sea Farm and Nutreco Holding closed their respective fish farm holdings under the name Marine Harvest is the world 's largest aquaculture company together, with Stolt -Nielsen took over a quarter of the shares. Stolt -Nielsen in 2006 sold its shares in Marine Harvest and its tuna fishing companies in Port Lincoln and acquired a 75 percent stake in Sterling Caviar. The following year, Stolt -Nielsen founded the subsidiary Stolt -Nielsen Gas to enter in the transport of LPG, and Stolt Bitumen Services for the transportation of bitumen. In 2009, Stolt -Nielsen Gas with the Very Large Gas Carrier bought Althea gas and a chartered second ship of this size on the operation. On December 15, 2009, being the fiftieth anniversary of the company, Christer Olsson took over the post as chairman of Jacob Stolt -Nielsen.

In 2010, the transfer of the registered office of Stolt -Nielsen Limited has decided to Bermuda. In the same year Sungas Holdings took over half of the shares of Avance gas, a previously 100 percent subsidiary of Stolt -Nielsen Gas. As part of this business Avance Gas took over three VLGC tankers of Sungas. Another four VLGC tanker came in 2012 to the fleet. Stolt Tankers acquired in 2010, seven stainless steel tank chemical tankers built between 2000-2009 with capacities 20000-37000 tons together for 255 million U.S. dollars. Another ten new buildings with additional options were added in 2012 in order. In the years 2010-2012 Stolt Tank Containers upgraded its container inventory on several thousand new units.

Types of business entity International Securities Identification Number Hamilton (Bermuda) Common sole Shipbroking Nippon Yusen Chief Executive Officer Perth Amboy, New Jersey
750311
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