Fire Contained on MT Stolt Valor
LONDON, March 21, 2012 - Stolt Tankers B.V., a subsidiary of Stolt-Nielsen
Limited (Oslo Børs: SNI) and owner and operator of MT Stolt Valor, reported
today that the fire on the ship has been contained. One crew member is still
missing.
The ship is under tow approximately 45 miles off the coast of Qatar. There has
been no spillage of fuel oil from the ship, nor any reported or visible spillage
of cargo. Stolt Tankers continues to work in close cooperation with the
authorities, salvage experts and insurers to salvage the ship and its cargoes
and to avoid any environmental impact.
Full investigations into the cause of the accident are being conducted by the
flag state and the Company.
MT Stolt Valor is a 2004-built chemical tanker of 25,268 dwt. The ship has been
declared a constructive total loss for insurance purposes. The Company has
insurance coverage in place customary for the trade and is fully covered.
For further information, please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
VP Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
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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 transports liquefied petroleum gas (LPG) with its 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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen Limited via Thomson Reuters ONE
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