Our Performance
Operating revenue
(US $ millions)
Operating profit
(US $ millions)
Net profit
(US $ millions)
Operating revenue by business
(US $ millions)
Operating profit by business1
(US $ millions)
1. Excludes Stolt-Nielsen Gas, Corporate and Other
loss of $39.1 million
Total assets by business
(US $ millions)
Chief Executive Officer's Statement
Niels G. Stolt-Nielsen
Chief Executive Officer
In all our businesses, we continue to focus on investments that will deliver long-term, sustainable cash flow to our shareholders. I am enthusiastic about how we are successfully growing and transforming our company, actively positioning ourselves towards the future while delivering short-term results.
Business Review
Stolt Tankers1
Stolt Tankers operates the world’s largest fleet of chemical tankers, providing safe, reliable and high-quality global transportation services for bulk-liquid chemicals, edible oils, acids and clean petroleum products.
deep-sea parcel tankers
coastal and inland tankers
total deadweight tonnes
1. Includes joint ventures and managed ships.
Stolthaven Terminals
Stolthaven Terminals’ global terminal network provides safe, high-quality storage and distribution services for chemicals, clean petroleum products, gas, vegetable oils, biofuels and oleochemicals in key markets and hubs worldwide.
m3 of storage capacity1
wholly-owned terminals
joint-venture terminals
1. Includes joint ventures.
Stolt Tank Containers1
Stolt Tank Containers is a leading provider of logistics and transportation services for door-to-door shipments of bulk-liquid chemicals and food-grade products.
tank containers in the fleet
shipments
depots and hubs
1. Includes joint ventures.
Stolt Sea Farm
Stolt Sea Farm is one of the world’s most advanced high-tech aquaculture companies, and the premier provider of high-quality turbot and sole in an environmentally sound manner.
land-based fish farms
tonnes turbot production capacity
tonnes sole production capacity
Sustainable Growth
As an organisation that plays an essential part in the global supply chain – transporting and storing products that touch every aspect of modern life and producing sustainable seafood – we recognise the impact that our operations have on the environment, our colleagues and wider society. Sustainability is therefore integral to our strategy, underpins operations across Stolt-Nielsen and helps us deliver value to our stakeholders.
Aligning with the UN Sustainable Development Goals
Stolt-Nielsen is a signatory of the UN Global Compact and we are working to reduce our environmental impact in line with its objectives and the UN Sustainable Development Goals (SDGs). We have the potential to make the greatest contribution to SDGs 12, 13 and 14 – Responsible Consumption and Production, Climate Action and Life Below Water – and we use these to guide our approach to sustainability.
Health and Safety
At Stolt-Nielsen, our commitment to zero harm requires a strong, safety-focused culture. This culture is driven from the top. The management team and Board of Directors ensure the correct governance is in place and appropriate resources are available to assure robust processes, specialist training and proper reporting. They receive detailed safety performance reports on a quarterly basis.
During the year, we saw Total Recordable Case Frequency (TRCF) and Lost Time Injury Frequency (LTIF) fall at Stolt Tankers. There was also some improvement across our other businesses.
Stolt Tankers
Total Recordable Case Frequency (TRCF)1
1. Per 1,000,000 hours’ exposure.
Lost Time Injury Frequency (LTIF)2
2. Per 1,000,000 hours’ exposure.
Stolthaven Terminals
Total Recordable Case Frequency (TRCF)3
3. Per 200,000 hours’ exposure.
Lost Time Injury Frequency (LTIF)4
4. Per 200,000 hours’ exposure.
Stolt Tank Containers
Total Recordable Case Frequency (TRCF)5
5. Per 200,000 hours’ exposure.
Lost Time Injury Frequency (LTIF)6
6. Per 200,000 hours’ exposure.
Stolt Sea Farm
Average number of occupational safety incidents per worker
Environment
Stolt-Nielsen has several environmental ambitions in line with our three priority UN Sustainable Development Goals (SDGs) – Climate Action, Life Below Water and Responsible Consumption and Production.
In 2022, these SDGs guided our efforts as we enhanced our data collection and reporting capabilities, launched new initiatives, and made measurable progress towards achieving our environmental aims.
- Negative change from prior year
- Positive change from prior year
- No change from prior year
People
We are a diverse company comprised of four distinct divisions which store and transport the essential materials for many everyday products – as well as providing a sustainable source of seafood. But what really makes us tick? Our incredible people. You’ll find almost 7,000 of us in more than 30 countries across the globe. And we are continuing to innovate, drive quality and work together to build a sustainable business.
- Increase since prior year
- Decrease since prior year
- No change from prior year
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Forward-looking statements
Included in this publication are various ‘forward-looking statements’, including statements regarding the intent, opinion, belief or current expectations of the Company or its management with respect to, among other things, (i) goals and strategies, (ii) plans for new development, (iii) marketing plans, the Company’s target markets, (iv) evaluation of the Company’s markets, competition and competitive positions, and (v) trends which may be expressed or implied by financial or other information or statements contained herein. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other facts that may cause the actual results, performance and outcomes to be materially different for any future results, performance or outcomes expressed or implied by such forward-looking statements. These factors include in particular, but are not limited to, the matters described in the Principal Risks section on page 57-60 of the Stolt-Nielsen Annual Report 2022.
