Stolt Tankers B.V. Enters into Arbitration on Cancellation of Newbuilding Contract
27 März 2009 - 6:56PM
Marketwired
London, England - March 27, 2009 - Stolt Tankers B.V., a
subsidiary of Stolt-Nielsen S.A. (OsloB�rs: SNI), today announced
that SLS Shipbuilding Co. Ltd. of South Korea has taken Stolt
Tankers B.V. to arbitration to challenge the cancellation of a
contract for the construction of a 44,000 dwt coated parcel tanker,
the first in a series of four ships, announced on March 18, 2009.
The ship was originally scheduled for delivery in May 2008. The
ruling by the arbitration panel will follow English law.
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 the parcel
tanker, tank container, terminal, rail and barge services of its
wholly owned subsidiary Stolt Tankers & Terminals and Stolt
Tank Containers, 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 currently listed on the Oslo Stock
Exchange.
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.
Contacts: Jan Chr. Engelhardtsen U.K. +44 (0) 20 7611 8972 Email
Contact Jens F. Gruner-Hegge U.K. +44 (0) 20 7611 8985 Email
Contact
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