Stolt-Nielsen S.A. Announces Acquisition of the LPG Carrier Althea Gas
19 11월 2009 - 6:41PM
Marketwired
Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI) today announced that it
has agreed to acquire through its subsidiary Stolt-Nielsen Gas Ltd.
the 82,557 cbm LPG carrier Althea Gas from Iino Kaiun Kaisha of
Japan. The ship was built by Kawasaki Heavy Industries, Ltd. of
Japan in 2003. Delivery to Stolt-Nielsen Gas Ltd. is scheduled to
take place in early 2010.
The purchase of the Althea Gas follows SNSA's recently announced
entry into the VLGC market with the three-year time charter of the
LPG carrier Yuhsho. Commenting on the transaction, Mr. Niels G.
Stolt-Nielsen, Chief Executive Officer of SNSA, said: "We are
pleased to acquire the Althea Gas at what we believe to be
attractive terms, which will give us a competitively priced asset
to operate. Our current intention is to trade the Althea Gas
alongside Yuhsho in the spot and time-charter market."
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (SNSA or 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 its parcel tanker, tank container, terminal, rail
and barge operations, 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. Stolt-Nielsen is listed on the Oslo Stock Exchange.
Forward-Looking Statements
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.
This announcement was originally distributed by Hugin. The
issuer is solely responsible for the content of this
announcement.
Copyright © Hugin AS 2009. All rights reserved.
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