Brief: Stolt-Nielsen Sees Renewals At Stolt Tanker At Strong Rates

Stolt-Nielsen

05/10/2023 07:24

Oct 5 (Reuters) - Stolt-Nielsen Ltd  SNI.OL :
    * OUR VIEW INTO 2024 AND BEYOND THEREFORE REMAINS  POSITIVE
    * WE CONTINUE TO REMAIN OPTIMISTIC THAT UPCOMING RENEWALS AT STOLT TANKER WILL BE MADE AT
STRONG
RATES
    * WHEREAS THE CHEMICAL INDUSTRY EXPERIENCED DECLINES IN OUTPUT DURING LATE 2022 AND THE
FIRST HALF
OF  2023, WE EXPECT THIS NEGATIVE TREND REVERSE, WITH THE GLOBAL CHEMICAL INDUSTRY EXPECTED TO
GROW SLOWLY  AGAIN
    * ALTHOUGH THE DROP IN MARGINS THAT WE HAVE RECENTLY SEEN AT STOLT TANK CONTAINERS IS
STABILISING,
WE EXPECT TO SEE OUR RESULTS WEAKEN SLIGHTLY FOR THE FOURTH QUARTER

Source text for Eikon:  ID:nGNE5qgRpH 
Further company coverage:  SNI.OL 

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