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The ships were designed to deliver substantial improvements in fuel efficiency, while providing operational flexibility with their fully stainless steel cargo tanks, cargo pumps, heating and cooling capacity. With a relatively shallow draft when fully loaded, the ships are expected to consume significantly less fuel compared with existing parcel tankers. Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said, "This new generation of parcel tankers gives us both improved energy efficiency and the cargo handling flexibility that our contract of affreightment customers require. The order represents approximately half of our required replacement tonnage through 2016, given Stolt Tankers' present contract portfolio." Each of the ships will have 43 stainless steel tanks with a total volume of 44,000 cubic meters. The parcel tankers will meet both Marpol Annex I and Annex II cargo requirements, complying with common structural rules for oil tankers. The ships will have IMO I, II and III capabilities and will be able to handle the full range of difficult-to-handle cargoes that Stolt Tankers carries. The new ships will replace five 1986-built parcel tankers scheduled for recycling in 2016. Stolt Tankers and its partners today own and operate globally 150 ships ranging in size from 1,100 dwt to 44,000 dwt. 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. Stolt-Nielsen S.A. press release |
Stolt Tankers B.V. Orders Five 38,000 Deadweight Ton Stainless Steel Parcel Tankers from Hudong-Zhonghua Shipyard in China