Stolt Tankers

Weak market hurts Stolt

Stolt Tankers has reported an operating loss of $2.8m during the first quarter of 2013, compared with the $2.6m operating profit posted for the fourth quarter of 2012.

On the mend?

MARKETS This time last year it was all doom and gloom for chemical tanker operators. This year it’s still doom and gloom, just less of it, although there is still some concern at the pace at which costs are rising

Port sunset

Bobbing along

RESULTS Stolt-Nielsen’s approach of having a broad spread of interests across the chemical supply chain – as well as in fish farming – have helped it remain buoyant overall during what have often been difficult trading conditions

Stolt Tank Containers

Stolt Tankers back in black

Stolt Tankers has reported an operating profit of $2.6m for the fourth quarter 2012, up from a loss of $0.8m in the prior quarter.

Stolt renews stainless fleet

Stolt Tankers BV has ordered five-option-three 38,000 dwt stainless steel chemical tankers from Hudong-Zhongshua Shipyard in China.

Stolt figures hit by weak market

Stolt Tankers has reported an operating loss of $0.8m for the three months to end August, down from the $4.5m recorded for the previous period.

Stolt-Nielsen sees broad improvements

Stolt-NIelsen Ltd has reported net profit of $37.0m on revenue of $538.8m in the second quarter, up from $8.0m and $505.7m, respectively, in the prior period.

Let’s chat

CONFERENCE REPORT The TankBank concept is all about communication, through global conferences and its TankChat forum. The latest face-to-face event took place in Singapore, attracting an eager crowd of oil industry executives, logistics specialists and traders

Singapore - Aerial view from the Singapore Flyer

Chase the cash

RESULTS As an expression of confidence in the LPG shipping segment, Stealthgas’s chartering bonanza is hard to beat. The company has confirmed charters for ten of its vessels worth more than $70m, but other owners are not faring anywhere near as well

Harry Vafias from Stealthgas

Breakeven or bust

FLEETS As bunker price hikes, bankruptcy and buy-outs beset the chemical tanker market, operators are finding it tough. Some have already given it up as a bad job

Chemical tanker Clipper Saga
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