• ITVI.USA
    14,293.460
    37.930
    0.3%
  • OTRI.USA
    22.590
    -0.070
    -0.3%
  • OTVI.USA
    14,281.460
    36.060
    0.3%
  • TLT.USA
    2.780
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.650
    -0.300
    -10.2%
  • TSTOPVRPM.CHIATL
    3.280
    -0.100
    -3%
  • TSTOPVRPM.DALLAX
    1.460
    -0.040
    -2.7%
  • TSTOPVRPM.LAXDAL
    2.490
    -0.200
    -7.4%
  • TSTOPVRPM.PHLCHI
    1.970
    0.010
    0.5%
  • TSTOPVRPM.LAXSEA
    2.990
    -0.310
    -9.4%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    14,293.460
    37.930
    0.3%
  • OTRI.USA
    22.590
    -0.070
    -0.3%
  • OTVI.USA
    14,281.460
    36.060
    0.3%
  • TLT.USA
    2.780
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.650
    -0.300
    -10.2%
  • TSTOPVRPM.CHIATL
    3.280
    -0.100
    -3%
  • TSTOPVRPM.DALLAX
    1.460
    -0.040
    -2.7%
  • TSTOPVRPM.LAXDAL
    2.490
    -0.200
    -7.4%
  • TSTOPVRPM.PHLCHI
    1.970
    0.010
    0.5%
  • TSTOPVRPM.LAXSEA
    2.990
    -0.310
    -9.4%
  • WAIT.USA
    127.000
    0.000
    0%
American Shipper

STOLT-NIELSEN’S NET INCOME DROPS SHARPLY

STOLT-NIELSEN’S NET INCOME DROPS SHARPLY

   Stolt-Nielsen S.A. reported third quarter net income of $13.7 million,
down 73.3 percent from year-earlier totals, despite only a marginal decline in net
operating revenue.
   Net operating revenue was $475.79 million, for the quarter ending Aug. 31,
compared to $478.37 million for the year-earlier period.
   The third-quarter results reflected a change in dry-docking accounting
policy for subsidiary Stolt Comex Seaway S.A.
   For the nine-month period, the liquid bulk carrier reported net income
of $31.5 million, down 219 percent from the year-earlier period. New
operating revenue was $1.335 billion, up 3.2 percent from 1998.
   The 1999 results included a one-time gain of $3.78 million from the sale of
tank containers. The 1998 results included one-time gains from a
$10.2-million insurance settlement and sale of other assets totaling $2.16 million.