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Stolt-Nielsen Ltd (SNI.OL)

SNI.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Stolt-Nielsen Q3 EBIT beats forecast in weak chemical tanker market
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Stolt-Nielsen Ltd ::Q3 REVENUES $543.1 MILLION (REUTERS POLL $523 MILLION).Q3 EBIT $54.8 MILLION (REUTERS POLL $47.2 MILLION).Q3 NET PROFIT $3.0 MILLION (REUTERS POLL $11.1 MILLION).$12.9 MILLION NEGATIVE IMPACT RESULTING FROM A CHANGE IN ACCOUNTING FOR COMPANY'S INVESTMENT IN AVANCE GAS HOLDINGS LIMITED.LOOKING AHEAD, CHEMICAL TANKER MARKET IS LIKELY TO REMAIN WEAK UNTIL TONNAGE PICTURE IMPROVES LATER NEXT YEAR.IN MEANTIME, FLUCTUATING BUNKER PRICES WILL CONTINUE TO IMPACT RESULTS.AT STOLTHAVEN TERMINALS, WE CONTINUE TO SEE STEADY IMPROVEMENTS IN BOTH UTILISATION AND OPERATIONAL ENHANCEMENTS, IN LINE WITH OUR LONG-TERM GOALS.AT STOLT TANK CONTAINERS, OUTLOOK REMAINS POSITIVE AS GLOBAL TANK CONTAINER DEMAND CONTINUES TO GROW.FOR STOLT SEA FARM, CONTINUED OVERALL IMPROVEMENT IS ANTICIPATED, DRIVEN BY HIGHER TURBOT PRICES.  Full Article

Hoegh, Golar to take stakes in Stolt-Nielsen's Avenir LNG
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Hoegh Lng Holdings Ltd ::HÖEGH LNG HOLDINGS LTD. ANNOUNCED TODAY AN INVESTMENT OF USD 24.75 MILLION IN AVENIR LNG LTD.INVESTMENT IS PART OF A COMBINED COMMITMENT OF UP TO USD 182 MILLION FROM STOLT-NIELSEN LTD., GOLAR LNG LTD. AND HÖEGH LNG FOR PURSUIT OF OPPORTUNITIES IN SMALL-SCALE LNG.AVENIR LNG INTENDS TO UTILIZE BEST-IN-CLASS CAPABILITIES OF ITS ANCHOR INVESTORS TO BUILD A GLOBAL PRESENCE AS LEADING PROVIDER OF SMALL-SCALE LNG.AVENIR LNG WAS ORIGINALLY FORMED BY STOLT-NIELSEN IN 2017 TO PROVIDE LNG TO MARKETS LACKING ACCESS TO LNG PIPELINES.STOLT-NIELSEN WILL CONSOLIDATE ALL ITS LNG ACTIVITIES INTO AVENIR.HÖEGH LNG AND GOLAR LNG WILL EACH HOLD AN INITIAL SHARE OF 25% OF AVENIR LNG, WHILE STOLT-NIELSEN WILL REMAIN LARGEST SHAREHOLDER WITH OWNERSHIP OF 50%.SUBSEQUENT TO INITIAL CAPITAL RAISE, AVENIR LNG CONTEMPLATES A PUBLIC LISTING AT OSLO OVER--COUNTER MARKET DURING 2018.  Full Article

Shipper Stolt-Nielsen's Q2 EBIT roughly in line with expectations
Thursday, 5 Jul 2018 

July 5 (Reuters) - Stolt-Nielsen Ltd ::STOLT-NIELSEN Q2 NET PROFIT $9.5 MILLION (REUTERS POLL $9.54 MILLION).STOLT-NIELSEN Q2 REVENUES $541.0 MILLION (REUTERS POLL $500 MILLION).STOLT-NIELSEN Q2 EBIT $48.5 MILLION (REUTERS POLL $46.8 MILLION).OUR OUTLOOK REMAINS FUNDAMENTALLY UNCHANGED.  Full Article

Stolt-Nielsen declares interim dividend of $0.25 per common share
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Stolt-Nielsen Ltd :Stolt-Nielsen limited declares interim dividend of $0.25 per common share.  Full Article

Stolt-Nielsen Q3 net profit in line; maintains overall outlook
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Stolt-Nielsen Ltd :Stolt-Nielsen q3 net profit $‍18.5​ million (Reuters poll $18.7 million).Stolt-Nielsen q3 revenues $‍513.8​ million (Reuters poll $491 million).‍on balance, our overall outlook remains unchanged​.‍we do not anticipate any substantial improvement in chemical tanker market until latter part of 2018, when the current orderbook will have been significantly reduced and the balance between tonnage supply and demand improves​.‍for stolthaven terminals, we continue to expect a modest but steady improvement in results, driven by actions to enhance operational performance across our network of terminals​.‍at stolt tanker containers, we expect margins and utilisation to hold steady at current levels​.‍consistent with seasonal patterns, stolt sea farms' results are expected to improve in q4, driven in part by strengthening prices ahead of holiday sales season​.‍while SNL's third-quarter results were up, improvement was largely driven by unrealised gains related to bunker-hedging programme at stolt tankers​.‍excluding impact of that programme, results at stolt tankers were down slightly, as market conditions continued to soften during quarter​.  Full Article

Golar, Hoegh give Stolt-Nielsen's LNG venture investment boost

LONDON, Oct 1 Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen.