Our History

Our History

Beginning in 1959, Jacob Stolt-Nielsen built three companies that were to lead the way in dynamic, emerging industries. He invented the modern parcel tanker, built a leading offshore services company and pioneered the aquaculture industry.

Today Stolt-Nielsen is synonymous with quality, reliability, flexibility and innovation.

2019

  • Stolt Tank Containers (STC) opened new depot in Sohar, Oman.
  • Stolt Tankers and STC both received silver sustainability ratings from Ecovadis.

2018

  • Founded Avenir LNG together with Golar LNG and Hoegh LNG Holding with a combined equity raise of $99M, and raised a further $11M in the OTC market in Oslo.
  • Construction of a new recirculation facility began at Stolt Sea Farm’s (SSF) site at Tocha, Portugal.
  • SSF started construction of its new sole recirculation facility in Cervo, Spain.

2016

  • Samuel Cooperman, who had been with Stolt-Nielsen since 1974 was elected as Chairman in April.
  • STC opened its new depot and Chemlog warehouse in Oman.
  • In November, Stolt-Nielsen acquired Jo Tankers for $575m, including 13 ships and a JV with eight newbuildings.

2015

  • Founder, Jacob Stolt-Nielsen passed away in February, aged 83. He served as Chairman , for fifty years, until 2009 and remained a Director until his retirement in 2014. He held the position of Chief Executive Officer from 1959 until 2000.
  • Christer Olsson, Chairman of the Board, passed away in December, aged 70. He had served as a Director of the Company for 22 years, and as Chairman since 2009.
  • STC begins domestic operations in Indian with the purchase of a depot in Kandla.

2014

  • Jacob Stolt-Nielsen retired from the Board in December, formally concluding his career at the Company, 55 years to the date of its founding.
  • Stolt Tankers’ US operations relocated from Norwalk to Houston.
  • Avance Gas Holding Ltd completed its initial public offering (‘IPO’) and listed on the Oslo Stock Exchange.

2013

  • SNL acquired a 24.9% stake in Norterminal AS, a project to develop a crude oil terminal and gas storage facility in northern Norway.
  • Stolthaven Terminals acquired the remaining 30% of shares in Stolthaven Australiasia PTY.

2012

  • Stolt Sea Farm acquired Acuidoro S.L., a turbot farm in Cervo, Spain, and Alrogal S.A., an adjacent hatchery.
  • Stolthaven Terminals acquired two bulk-liquid storage terminals. Its first in the UK market, located at Dagenham and one located in the Port of Moerdijk, the Netherlands.

2011

  • Stolthaven Terminals opened its new terminal on Jurong Island, Singapore, commencing operations with three gas spheres and plans for a total of 300,000 cbm of storage.
  • Stolthaven Terminals acquired a 70% stake in Marstel Terminals, a nine bulk-liquid storage facilities in Australia and New Zealand, subsequently renamed Stolthaven Australasia Pty.
  • Stolt Tank Containers added 5,000 new tanks into its global fleet, an increase of 20%.

2010

  • Sungas Holdings Ltd. became a 50% shareholder in Avance Gas, previously wholly owned by Stolt-Nielsen Gas. Avance Gas acquired three VLGCs from Sungas as part of the transaction.
  • Stolt Tankers acquired seven parcel tankers for a total value of $255 million. Built between 2000 and 2009, the deadweight tonnage of the ships ranged from 20,000 to 37,000 dwt.
  • Now known as Stolt-Nielsen Limited, the Company relocated from Luxembourg to Bermuda.
  • The Supreme Court of the United States ruled in the Company's favour, rejecting class arbitration of antitrust claims brought by a purported class led by AnimalFeeds International Corporation.

2009

  • Stolt-Nielsen celebrated its 50th year of operations on December 15th.
  • Jacob Stolt-Nielsen was succeeded by Christer Olsson as Chairman.
  • Stolt-Nielsen Gas commenced operations as an LPG carrier, acquiring the VLGC Althea Gas and entered in to a three-year time charter of the VLGC Yuhsho.

2008

  • Stolt Tank Containers acquired the tank container operations of Taby Group.
  • Stolt-Nielsen entered into joint ventures with Gulf Navigation PJSC to own and operate six 44,000 dwt ships.
  • Stolthaven Terminals began construction of a chemical storage terminal on Jurong Island, Singapore.

2007

  • Stolt-Nielsen won its amnesty agreement case against the US Department of Justice Antitrust Division.
  • Stolt-Nielsen voluntarily delisted from the Nasdaq and terminated its ADR programme.
  • Stolt-Nielsen established Stolt-Nielsen Gas to explore opportunities within the liquefied petroleum gas logistics industry.
  • Stolt-Nielsen launched Stolt Bitumen Services, focusing on the delivery of bitumen logistics services.

2006

  • Stolt-Nielsen sold its 25% ownership in Marine Harvest.
  • Stolt-Nielsen sold its Southern bluefin tuna business, based to SAMS Holdings (SA) Pty.
  • Stolt-Nielsen reacquired 75% of the sturgeon and caviar business, Sterling Caviar LLC.

2005

  • Stolt-Nielsen sold its ownership in Stolt Offshore S.A.
  • Stolt Sea Farm and Nutreco Holding N.V. merged their fish farming operations, forming the world’s largest aquaculture company, Marine Harvest. Stolt-Nielsen owned 25% of Marine Harvest.

2004

  • Stolt-Nielsen reduced its ownership in Stolt Offshore to 41.7%.

2003

  • Stolt-Nielsen sold Optimum Logistics Ltd. to Elemica.

2001

  • Stolt Offshore acquired Paragon Engineering Services Inc.
  • AspenTech acquired interest in Optimum Logistics.
  • PrimeSupplier merged with OneSea.com to form SeaSupplier.
  • Stolt Sea Farm acquired Eicosal in Chile.
  • Stolt-Nielsen Transportation Group sold its Perth Amboy, NJ and Chicago terminals.

2000

  • Stolt Comex Seaway is renamed Stolt Offshore.
  • Stolt-Nielsen established two independent business-to-business e-commerce enterprises: Optimum Logistics Ltd. - the first internet-based, open logistics system for bulk materials and Prime Supplier Ltd. - an Internet-based total marine procurement system.
  • Stolt Sea Farm expands into tuna with the acquisition of Australian Bluefin Pty. Ltd.
  • Jacob Stolt-Nielsen retires as CEO and is succeeded by Niels G. Stolt-Nielsen.

1999

  • Stolt-Nielsen Transportation Group established to consolidate Stolt Parcel Tankers, Stolt Tank Containers and Stolthaven Terminals.
  • Stolt-Nielsen Transportation Group acquired 50% in Jeong-II Tank Terminal, the largest chemical terminal in the South Korean port of Ulsan.
  • Stolt Sea Farm acquired International Aqua Foods Ltd.
  • Stolt Comex Seaway acquired ETPM S.A. and invested in flexible pipelay manufacturing with NKT.

1998

  • Stolt Sea Farm acquired Gaelic Seafoods (Scotland) Ltd.
  • Stolthaven Terminals expanded into Asia Pacific with investment in Dovechem Terminals Holdings Ltd.
  • Stolt Comex Seaway acquired Ceanic in the Gulf of Mexico.

1996

  • Stolt Sea Farm expanded into Asia Pacific with acquisition of Cocoon Ltd.

1993

  • Stolt Comex Seaway initial public offering (IPO) on Nasdaq raised $43 million.

1992

  • The Company acquired and merged Stolt-Nielsen Seaway and Comex Services S.A. forming Stolt Comex Seaway.
  • The Company achieved over $1 billion in revenues.

1991

  • Stolt-Nielsen acquired Sea Farm and renamed it Stolt Sea Farm.

1988

  • The Company listed on the Nasdaq raising $51 million.
  • Stolt-Nielsen Inter-European Service established to provide small tanker service in Northwest Europe.
  • Sea Farm commenced a programme of acquiring on-growing companies in Norway.

1987

  • BP and the Company terminated 1977 agreement.
  • NYK Line became a more than 10% shareholder.

1986

  • Stolt Through Transportation Services was set up to handle customers’ door-to-door transportation.

1983

  • Sea Farm expanded into North America.

1982

  • Stolt Tank Containers launched with 400 tanks included in the purchase of United Tank Containers.
  • Stolt-Nielsen Inter-Asia Service established to provide small tanker service in Southeast Asia.
  • Stolt Tankers Joint Service was set up after an agreement with PanOcean-Anco was signed to market their 11 ships.

1980

  • The Company reported a record $100 million profit.

1977

  • The Company ran into financial difficulties and BP became a 50% shareholder.

1973

  • Stolt-Nielsen Seaway A/S established to provide services for offshore petroleum and exploration in the North Sea.

1972

  • Sea Farm A/S established in Norway for production of salmon smolt.

1971

  • The Company acquired first storage terminal.

1970

  • Seven double bottom, double skin, partly stainless steel ships ordered, setting the standard for the parcel tanker market and IMO specifications.

1963

  • Offices in New York, Japan and Oslo established. Company was operating 18 ships and still expanding its fleet with Trans-Atlantic, Trans-Pacific, Great Lakes and Latin American routes established.

1959

  • First operating company formed: Parcel Tankers Inc., with one time-chartered ship, Stolt Avance.