Brief: Stolt Tankers, John T Essberger Announce Joint Venture

Stolt-Nielsen

09/11/2020 11:19

Nov 9 (Reuters) - Stolt-Nielsen Ltd  SNI.OL :
    * REG-STOLT TANKERS AND JOHN T ESSBERGER  ANNOUNCE EUROPEAN JOINT VENTURE
    * SAYS ITS WHOLLY OWNED UNIT HAS ENTERED INTO JV WITH JOHN T. ESSBERGER GROUP FOR OPERATION
OF
THEIR COMBINED PARCEL TANKER FLEETS TRADING WITHIN EUROPE
    * JOINT VENTURE IS SUBJECT TO BEING GRANTED CLEARANCE BY GERMAN COMPETITION AUTHORITIES,
EXPECTED
DURING DECEMBER 2020
    * AS OF JAN 1, 2021 JV NAMED E&S TANKERS WILL OFFER COMBINED FLEET OF 48 PARCEL TANKERS

Source text for Eikon:  ID:nGNE9MC4t3 
Further company coverage:  SNI.OL 

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