• ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

STOLT-NIELSEN SEES 1ST-QUARTER LOSS

STOLT-NIELSEN SEES 1ST-QUARTER LOSS

   Stolt-Nielsen S.A., the London-based provider of transport services for bulk liquid chemicals, reported a first-quarter net loss of $8.2 million, compared with net income of $30 million for the first quarter of 2000.

   The loss was due to a seasonally weak first quarter for Stolt-Nielsen's offshore operations, which reported a loss of $15.5 million. Improved results for Stolt-Nielsen's transportation group partially offset those losses.

   Operating revenue for the most recent quarter was $537.6 million, up from $499.4 million for the year-earlier quarter. The net results include one-off gains from the dilution in Stolt-Nielsen S.A.'s interest in Stolt Offshore S.A. and the sale of assets.

   For the Stolt-Nielsen Transport Group Ltd. (SNTG), income from operations rose 50 percent to $29.2 million, as a result of an improved parcel tanker market. SNTG's parcel tanker division saw operating income more than double, to $20.3 million, from $9.0 million in the first quarter of 2000.

   SNTG's terminal division saw income from operations rise to $6.2 million, from $5.6 million. Use was up for all U.S. terminals and capacity was added at the Houston terminal. SNTG will begin operating a new New Orleans terminal in the second quarter, and the company said it has commitments already for 40 percent of its capacity.

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