Stolt orders fours parcel tankers

Stolt orders fours parcel tankers The Stolt-Nielsen Transportation Group said it has signed an agreement with SLS Shipbuilding Co. Ltd. for four 43,000-deadweight-ton    parcel tankers.
   The aggregate price for the four ships is expected to be about $340 million, with deliveries expected to take place in 2011 and 2012.
   The new tankers will have 24 stainless steel tanks and 15 coated tanks. The main dimensions of the ships will follow the same design of the four parcel tankers that Stolt ordered in October 2006 from the same yard. Stolt now has 12 ships on order from SLS.
   Stolt owns and operates globally 156 ships ranging in size from 1,100 dwt to 40,200 dwt. After this order, it has an order book of 18 intercontinental parcel tankers totaling 788,000 dwt with expected delivery from 2007 to 2012. In addition, through its regional joint ventures, pool partners, and time charter arrangements, Stolt has 11 parcel tankers on order totaling 223,000 dwt.