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Saturday, August 17, 2019

Stoltnielsen Limited News

Jens F. Grüner-Hegge is the new CFO at Stolt-Nielsen (Photo: Stolt-Nielsen)

Stolt-Nielsen Names Grüner-Hegge CFO

Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018. Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr. Engelhardtsen, who will retire from his executive role and has been appointed to fill a vacancy on the company’s board of directors. With the addition of Engelhardtsen as a director, the SNL Board now has seven members, four of which are independent.

Obituary: Christer Olsson, Stolt-Nielsen Chairman of the Board

The Board of Directors of Stolt-Nielsen Limited announced the passing of Christer Olsson, Chairman of the Board. He was 70. Mr. Olsson had served as a Director of the Company since 1993, and as Chairman of the Board since December 15, 2009, when he succeeded Jacob Stolt-Nielsen, the company's founder. The Board of Directors will elect a new chairman at the Company's Annual General Meeting in April 2016. "For more than two decades, Christer provided constructive guidance and thoughtful insights to Board discussions…

Stolt-Nielsen Board Elects a New Director

The Board of Directors of Stolt-Nielsen Limited has announced the election of a new director, Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd AG. The Board of Directors of SNL received approval at the Company's Annual General Meeting in April of 2015 to fill two vacancies. With the addition of Habben Jansen as a director, the SNL Board now has six members, four of which are independent. Habben Jansen has served as Chief Executive Officer of Hapag-Lloyd AG, one of the world's largest container shipping companies…

Hans Feringa. Photo by U.S. Securities and Exchange Commission

Team Tankers Appoints Hans Feringa as President and CEO

Team Tankers International Ltd has appointed Hans Feringa as new President and CEO. Feringa is the former President of Stolt Tankers, a division of Stolt-Nielsen Limited. He succeeds Jens Grønning, who has left the Company. "Under Jens' leadership, Team Tankers completed a comprehensive financial restructuring and established a solid operational model," said Morten Arntzen, Team Tankers Executive Chairman. "We are delighted that Hans will now be leading Team Tankers as the company focuses on growth and expansion.

Photo: Golar LNG

Stolt-Nielsen, Golar LNG Form Joint Venture

Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases, representing an ownership stake of approximately 2.3 percent in the company. Commenting on the investment, Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen Limited, said, "A key element of Stolt-Nielsen's long-term strategy is diversification that leverages our core skillsets, including shipping, storage and distribution.

Jacob Stolt-Nielsen

Founder Stolt-Nielsen Passes Away

Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo. An entrepreneur and visionary of boundless enthusiasm and energy, Jacob Stolt-Nielsen founded Parcel Tankers, Inc. in 1959 and pioneered the global trade for liquid chemicals, ultimately building what is today the world's largest chemical tanker company, Stolt Tankers. worldwide. In 1972, he founded Stolt Sea Farm, a pioneer in salmon farming, which is recognised today as a leader in high-tech aquaculture, focusing on sole, turbot and sturgeon for caviar.

Jacob Stolt-Nielsen

Founder Retires From Stolt-Nielsen BoD

Stolt-Nielsen Limited has announced that Jacob Stolt-Nielsen, the visionary entrepreneur who founded the company in 1959, will retire from the SNL Board of Directors effective December 15, 2014, thus formally concluding his career at the company, 55 years to the date of its founding. He will continue as Honorary Chairman. Mr. Stolt-Nielsen, who is 83, conceived the innovative designs that led to the creation of the first parcel tanker. After founding Parcel Tankers, Inc. in 1959…

Stolt-Nielsen to Buy Back Shares

Stolt-Nielsen Limited (Oslo Bors: SNI) said that on November 18, 2014, it agreed to purchase one million of its common shares (SNI) through a private tender of shares at a price of NOK 110.00 per share. The shares are purchased in accordance with the buy-back programme announced on November 18, 2014. Upon completion of the transaction, Stolt-Nielsen Limited will hold 7,026,994 of its common shares, representing 10.96% of the total number of issued common shares in the company.

Photo: Stolt-Nielsen

Stolt-Nielsen Limited Reports Results

Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013. Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million, with revenue of $510.9 million, respectively, in the fourth quarter of 2012. The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] was 1.12, down from 1.14. Stolthaven Terminals reported an operating profit of $23.3 million, up from $22.9 million, as overall market conditions remained strong.

A Stolt Neilsen Chemical Tanker: Photo credit Wiki CCL byjTvabutzku

Chemical Tanker Design Order for Deltamarin

Deltamarin Ltd to design five 38,000 deadweight ton (dwt) stainless steel parcel chemical tankers for Stolt Nielsen subsidiary. The contract, with Stolt Nielsen Ship Finance Ltd, a subsidiary of Stolt-Nielsen Limited, is for the tankships to be built at Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. in China. The design contract includes Approval Design and 3D Modelling of cargo deck and engine room areas. The ships are designed to deliver substantial improvements in fuel efficiency…

Stolt-Nielsen Limited Completes Open Market Partial Tender Offer

LONDON, April 12, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) completed its previously announced open market partial tender offer ("Offer") for SNL common shares with a total maximum value of $47 million.  SNL bought back 1,825,900 shares at a price of NOK 140 per share at a total cost of $46.8 million.  SNL now holds 6,285,530 shares, or 9.80%, of its common shares.  With the completion of the Offer the $50 million buy-back programme announced by SNL on November 19, 2010 is now accomplished.   Source: Stolt-Nielsen Limited