LONDON, Feb. 23 /PRNewswire-FirstCall/ -- Stolt-Nielsen S.A. (Nasdaq:
SNSA; Oslo Stock Exchange: SNI) today announced that its subsidiary, Stolt-
Nielsen Transportation Group ("SNTG"), has established a joint venture in
China with Shanghai Kingman Container Service Company Limited.
The joint venture company is called Shanghai Stolt-Kingman Tank Containers
Transportation Ltd ("SSKTCTL") and has been established to provide integrated,
multi-modal tank container services to China's bulk liquid chemical and food
industries.
SSKTCTL will be managed and staffed by some of the most experienced and
dedicated personnel from the tank container, transport and shipping industries
and will offer an array of services and support functions to meet the growing
demands of the Chinese tank container market for bulk liquids, food stuffs and
chemicals.
Commenting, Otto Fritzner, CEO of SNTG, said: "This is a joint venture
with considerable growth potential and we are confident that the company will
become synonymous in China with quality, safety, innovation and reliability.
Through its local expertise, local network of offices and depots, and
diversified fleet of tank containers, SSKTCTL is able to provide a one-stop
solution to meet the ever-increasing demands of the Chinese market."
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers
of transportation services for bulk liquid chemicals, edible oils, acids, and
other specialty liquids. The Company, through the parcel tanker, tank
container, terminal, rail and barge services of its wholly-owned subsidiary
Stolt-Nielsen Transportation Group, provides integrated transportation for its
customers. Stolt Sea Farm, wholly-owned by the Company, produces and markets
high quality Atlantic salmon, salmon trout, turbot, halibut, sturgeon, caviar,
bluefin tuna, and tilapia.
Forward-looking Statements
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements may be identified by the use
of words like "anticipate," "believe," "estimate," "expect," "intend," "may,"
"plan," "project," "will," "should," "seek," and similar expressions. These
statements include statements regarding Stolt-Nielsen S.A.'s future market
environment, outlook, and financing costs. The forward-looking statements
reflect our current views and assumptions and are subject to risks and
uncertainties. The following factors, and others which are discussed in Stolt-
Nielsen S.A.'s public filings and submissions with the U.S. Securities and
Exchange Commission, are among those that may cause actual and future results
and trends to differ materially from our forward-looking statements: the
terms, conditions and amount of Stolt-Nielsen S.A.'s indebtedness; Stolt-
Nielsen S.A.'s ability to comply with its financing agreements; the general
economic conditions and competition in the markets and businesses in which
Stolt-Nielsen S.A. operates; the outcome of legal proceedings; the impact of
negative publicity; environmental challenges and natural conditions facing
Stolt-Nielsen S.A.'s aquaculture business; Stolt-Nielsen S.A.'s ability to
consummate the announced Marine Harvest aquaculture joint venture with Nutreco
N.V., completion of the 2004 fiscal year audit, the impact of laws and
regulations; uncertainties inherent in operating internationally; Stolt-
Nielsen S.A.'s relationship with significant customers; and operating hazards,
including marine disasters, spills or environmental damage. Many of these
factors are beyond Stolt-Nielsen S.A.'s ability to control or predict. Given
these factors, you should not place undue reliance on the forward-looking
statements. Should one or more of these risks or uncertainties occur, or
should management's assumptions or estimates prove incorrect, actual results
and events may vary materially from those discussed in the forward-looking
statements.
Contact:
Richard M. Lemanski
U.S. 1 203 625 3604
rlemanski@stolt.com
Valerie Lyon
UK 44 20 7611 8904
vlyon@stolt.com
SOURCE Stolt-Nielsen S.A.
 back to top
Related links:
http://www.stolt-nielsen.com
CONTACT:
Richard M. Lemanski, U.S. +1-203-625-3604,
rlemanski@stolt.com, or Valerie Lyon, UK +011-44-20-7611-8904,
vlyon@stolt.com, both of Stolt- Nielsen S.A.
|
