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SNTGStolt-Nielsen Transportation Group
SNTGSea Nymph Test Group
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Stolt-Nielsen Transportation Group will not be charged with an offence and has not admitted to any violations of Canadian competition law.
"This new order with SLS represents a continuation of (Stolt-Nielsen Transportation Group's) successful partnership with the yard and is part of our ongoing fleet replacement plan," said Otto H Fritzner, CEO of Stolt-Nielsen Transportation Group.
As part of the partnership Gulf Navigation will take over and utilise Stolt-Nielsen Transportation Group's option for the building of two 44,000 dwt parcel tankers at ShinA Shipbuilding Co Ltd in Korea.
(SNSA) said on Wednesday (23 February) that its subsidiary Stolt-Nielsen Transportation Group (SNTG) had established a joint venture in China with Shanghai Kingman Container Service Company Limited.
"SNSA's operating results for the quarter reflected further improved results for Stolt-Nielsen Transportation Group (SNTG) and an improved quarter for Stolt Sea Farm (SSF)," said Niels G.
Last week Stolt-Nielsen Transportation Group announced that it was cooperating with EU and US authorities in connection with investigations into possible collusive behaviour in the parcel tanker industry.
The Norwegian integrated transport services group Stolt-Nielsen SA said on Wednesday evening (19 February) that its wholly-owned subsidiary Stolt-Nielsen Transportation Group was being investigated by the European Commission with regard to article 81 in the EC Treaty.
The European Commission is also investigating the Norwegian integrated transport services group Stolt-Nielsen's subsidiary Stolt-Nielsen Transportation Group. The investigations are in relation to article 81 of the EC Treaty which prohibits agreements that restrict or distort competition.
Stolt-Nielsen Transportation Group Ltd, a wholly-owned subsidiary of the Norwegian transportation services group Stolt-Nielsen SA, has signed a combined service agreement with the Norwegian tanker operator Jo Tankers.