Brief: Stolt-Nielsen Sees Spot Rate Recovery Ahead Of Contract Renewal Season

Stolt-Nielsen

01/02/2024 08:27

Feb 1 (Reuters) - Stolt-Nielsen Ltd  SNI.OL :
    * FOLLOWING A FALL IN SPOT RATES DURING Q3, FIRMING TREND
RESUMED
AS WE HEADED INTO CONTRACT RENEWAL SEASON
    * Q4 PRODUCED ANOTHER STRONG SET OF RESULTS, CULMINATING IN
ANOTHER STRONG YEAR FOR OUR COMPANY
    * AT STOLTHAVEN TERMINALS CONTINUED HIGH UTILISATION
SUPPORTED
INCREASE IN STORAGE AND THROUGHPUT RATES AND ANCILLARY CHARGES
    * AT STOLT TANK CONTAINERS VOLUMES CONTINUED TO INCREASE,
HOWEVER,
DURING Q4 PREDICTED REDUCTION IN MARGINS AND DEMURRAGE REVENUE
IMPACTED RESULTS
    * STOLT SEA FARM'S STRONG OPERATING PERFORMANCE FOR FULL
YEAR
CONCLUDED WITH ANOTHER EXCELLENT QUARTER

Source text for Eikon:  ID:nGNEcgKN1W 
Further company coverage:  SNI.OL 

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