The joint venture company is called Shanghai Stolt-Kingman Tank Containers Transportation Ltd ("SSKTCTL") and has been established to provide integrated, multi-modal tank container services to China's bulk liquid chemical and food industries.
SSKTCTL will be managed and staffed by some of the most experienced and dedicated personnel from the tank container, transport and shipping industries and will offer an array of services and support functions to meet the growing demands of the Chinese tank container market for bulk liquids, food stuffs and chemicals.
Commenting, Otto Fritzner, CEO of SNTG, said:
"This is a joint venture with considerable growth potential and we are confident that the company will become synonymous in China with quality, safety, innovation and reliability. Through its local expertise, local network of offices and depots, and diversified fleet of tank containers, SSKTCTL is able to provide a one-stop solution to meet the ever-increasing demands of the Chinese market."
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 subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly-owned by the Company, produces and markets high quality Atlantic salmon, salmon trout, turbot, halibut, sturgeon, caviar, bluefin tuna, and tilapia.
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