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MT Stolt Strength Update Following Release by Hijackers
London, England - April 23, 2009 - Stolt-Nielsen S.A. (Oslo B?rs: SNI) reported today that MT Stolt Strength, chartered by its subsidiary Stolt Tankers B.V. from the ship's owners Segana Shipping, remains adrift off the coast of Somalia. The ship was released from its Somali captors on April 21, 2009. As a result of the long captivity the ship is low on bunker fuels and is now awaiting the arrival of a bunker barge arranged by the owner / manager.
Following the release of MT Stolt Strength the ship was accompanied by a naval warship, which was subsequently redeployed, leaving MT Stolt Strength unprotected. Despite repeated requests for military protection none has been forthcoming.
Stolt-Nielsen and the owner continue to seek assistance for the ship in order to secure the safe return of the crew.
For further press related information, please contact:
+44 (0) 207 823 9444
+44 (0) 7802 954616
For investor related issues, please contact:
Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
U.K. +44 (0) 20 7611 8985
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiaries Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon and caviar.
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.