Independent journal on economy and transport policy
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Stolt-Nielsen will buy Jo Tankers
the transaction, of the value of 575 million dollars, will include the fleet of 21 to chimichiere, of which eight under construction
July 19, 2016
the shipowning society Stolt-Nielsen, that it has center in the Bermudas, has signed an agreement in order to buy the enclosed Jo Tankers Norwegian the understanding property of its fleet of 13 ships to chimichiere, of the gross capacity comprised between 19 thousand and 38 thousand tons, and the property of 50% of joint venture that will possess the eight property to chimichiere under construction of 33 thousand tpl near New Times Shipbuilding, with before it is taken in delivery some days before and the others seven that will be delivered between the second half of this year and 2017. The fleet of chimichiere of Stolt-Nielsen is constituted gives approximately 60 ships.
transaction, that it will have to be authorized from the competent authorities that second the forecasts of will pronounce before the end of the next september, will have a total value of 575 million dollars.
"the transaction - the managing director of Stolt-Nielsen has explained, Niels G. Stolt-Nielsen - currently covers for the next years the requirements of substitution of the tonnage of our fleet in service. If an operating cost reduction allows us, our presence in the main markets assures also new routes to our offer of services widening and allowing us to answer at best to the necessities of our customers".
"After four generations in shipping and the three generations in the field of chimichiere - it has emphasized the president of Jo Tankers, Johan Odvar Odfjell - this decision has not been easy. We are a company with a glorious history, a company with dedicated dependent and a company with elevated performance. We are a company that is offering transports, in a position to satisfying the necessities of the more demanding customers. Although our dimension, we have been able to achieve turned out major-league".
"the activity context - it has evidenced the managing director of Jo Tankers, Nils-Petter Sivertsen - needs of total ability, economies of scale and a greater flexibility of the service. In each of these Jo Tankers areas it has reached the limit of own abilities. In order to pass from regional partner to total operator there was need of a partner who in the long term shared our values and our strategies. We are proud that a primary company as the Stolt wants to buy our activity".
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the shipowning society Stolt-Nielsen, that it has center in the Bermudas, has signed an agreement in order to buy the enclosed Jo Tankers Norwegian the understanding property of its fleet of 13 ships to chimichiere, of the gross capacity comprised between 19 thousand and 38 thousand tons, and the property of 50% of joint venture that will possess the eight property to chimichiere under construction of 33 thousand tpl near New Times Shipbuilding, with before it is taken in delivery some days before and the others seven that will be delivered between the second half of this year and 2017. The fleet of chimichiere of Stolt-Nielsen is constituted gives approximately 60 ships.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
