Stolt-Nielsen acquires chemical tanker operations of Jo Tankers

摘要

Stolt-Nielsen Ltd. (London, United Kingdom) has agreed to acquire the chemical tanker operations of Jo Tankers AS (Bergen, Norway). The transaction comprises 13 chemical tankers and a 50% share in a joint venture (JV) that has ordered 8 chemical tanker newbuildings. The total purchase price is approximately $575.0 million, including the proportional share of the newbuildings in the JV. The proposed deal will reinforce Stolt-Nielsen's position as the leading chemical tanker operator by tonnage, according to IHS Fairplay.