This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stolt-Nielsen Limited Takes 20% Stake In Norterminal AS

LONDON, Oct. 2, 2013 (GLOBE NEWSWIRE) --
Stolt-Nielsen Limited (Oslo Børs: SNI) announced today
that Stolthaven Terminals BV, a subsidiary of the Company, has taken a 20% stake
in Norterminal AS, which is pursuing the development of a world-class 300,000 to
700,000 CBM  crude  oil  terminal  and  a  gas storage facility near Kirkenes in
northern  Norway.  The terminal is being designed to serve the growing needs for
storage resulting from the increased production of oil and gas in the Arctic and
Barents  Seas.  Further  terms of  the transaction  were not  disclosed. Pending
receipt  of necessary permits, the  new terminal is to  be built on 100 hectares
adjacent  to deep  sheltered waters  and close  to the  Kirkenes infrastructure.
Current plans call for the terminal to be operational in 2018.

In  the interim, Norterminal AS plans to  provide a floating storage facility to
enable the transhipment of oil from the Arctic and Barents Seas to ships serving
markets in Western Europe.

The  founder  and  majority  shareholder  in  Norterminal  AS is Jacob B. Stolt-
Nielsen,  a  director  of  Stolt-Nielsen  Limited.   The  decision  to invest in
Norterminal  AS was  made exclusively  by the  independent directors  of the SNL

Stolt-Nielsen Limited Contacts:

Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972

Jens F. Grüner-Hegge
VP Corporate Finance
UK +44 (0) 20 7611 8985

Norterminal AS Contacts:

Jacob B. Stolt-Nielsen
Chief Executive Officer
Norway +47 47881038

Haakon VIIs gt. 1, Po. Box 1358, N-0113 Oslo, Norway
T: +47 21 41 42 15 -

About Stolt-Nielsen Limited
Stolt-Nielsen  Limited (SNL  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,  through  its  investment  in  Avance Gas Holding Ltd., transports
liquefied  petroleum gas (LPG) with a fleet of very large gas carriers (VLGCs).
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.

This  information is subject of the  disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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 information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 0.00%
FB $99.75 0.00%
GOOG $682.74 0.00%
TSLA $147.99 0.00%
YHOO $27.05 0.00%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs