Stolt Bitumen Services Orders Two 3,500 Deadweight Ton Bitumen Tankers
LONDON, September 23, 2010 - Stolt-Nielsen S.A. (Oslo B?rs: SNI) announced today that its wholly owned subsidiary Stolt Bitumen Services (SBS) signed an agreement with Nanjing East Star Shipbuilding in China for the purchase of up to four 3,500 deadweight ton (dwt) bitumen tanker newbuildings due for delivery from March 2012. Under the terms of the agreement, SBS has placed firm orders for two ships and holds options to purchase two additional ships.
Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA, said, "Our bitumen fleet newbuilding programme is part of SBS's ongoing development of a distribution network in Asia-Pacific, including terminals, bitumen tankers and bitutainers. With the addition of these new high quality newbuildings, SBS will operate four bitumen tankers to meet the growing transportation requirements of our customers."
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (SNSA or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen Gas transports liquefied petroleum gas (LPG) with its growing fleet of very large gas carriers (VLGCs). Stolt-Nielsen S.A. is listed on the Oslo Stock Exchange.
This press release contains "forward-looking statements" based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statement. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The Company does not represent or warrant that the Company's actual future results, performance or achievements will be as discussed in the those statements, and assumes no obligation to, and does not intend to, update any of those forward-looking statements other than as may be required by applicable law.