• Home
  • News
  • Stolt-Nielsen reports unaudited results for Q3 2018
  • 2018 October 4 14:32

    Stolt-Nielsen reports unaudited results for Q3 2018

    Stolt-Nielsen Limited today reported unaudited results for the third quarter ended August 31, 2018. Net profit attributable to shareholders in the third quarter was $3.0 million, after a $12.9 million negative impact resulting from a change in the accounting for the Company's investment in Avance Gas Holdings Limited, with revenue of $543.1 million, compared with a net profit of $9.5 million, with revenue of $541.0 million, in the second quarter of 2018. Net profit attributable to shareholders for the first nine months was $51.3 million, with revenue of $1,599.4 million, compared with $49.2 million, with revenue of $1,490.2 million in the first nine months of 2017.

    Highlights for the third quarter of 2018, compared with the second quarter of 2018, were:

     Stolt Tankers reported an operating profit of $21.4 million, down from $26.5 million, mainly reflecting a reduced gain on bunker hedges, along with a $2.1 million increase in bunker costs net of surcharges. The Stolt Tankers Joint Service Sailed-in Time-Charter Index was 0.58, compared with 0.59 in the prior quarter.

     Stolthaven Terminals reported an operating profit of $18.6 million, down from $20.2 million. The prior quarter benefited from $1.6 million in equity income related to an early contract termination by a customer.

     Stolt Tank Containers reported an operating profit of $17.7 million, down from $18.8 million, reflecting a seasonal decrease in the number of shipments.

     Stolt Sea Farm's operating profit before the fair-value adjustment of inventories was $2.1 million versus $2.4 million.

     Corporate and Other reported an operating loss of $3.3 million, compared with a loss of $20.9 million in the prior quarter, which included an $11.8 million impairment related to two bitumen ships, losses on bitumen trading, and higher administrative and general expenses.


2022 August 15

17:26 King Abdulaziz Port in Dammam breaks container throughput record in June
17:06 Keppel O&M wins US$2.9bn newbuild FPSO P-80 contract from Petrobras
16:41 Zero-carbon fuel readiness on the rise but challenges remain - LR
16:20 Container throughput of Hong Kong port (China) in 7M’2022 fell by 4.3% to 8.65 million TEU
16:01 De-Kastri port to handle four ships loaded with oversize cargo for Amur Gas Chemical Complex in 2022
15:23 TECO2030 receives BWTS order
15:02 Greenpeace activists target Oldendorff vessel as part of ‘No new gas’ protest
14:23 Fishing vessel sinks off San Juan Island, oil sinks - U.S. Coast Guard
14:03 ZeroLab by Klaveness and South32 complete shipping emissions analysis
13:35 Nordic Engineering and Information & Analytical Center of State Commission for Arctic Development sign cooperation agreement
13:13 The Lower Parana Coast Guards revises speed regulations on Parana river
12:41 Alfa Laval FCM Methanol chosen as the fuel supply system for six methanol-fuelled container vessels
12:12 AMSA provides aerial support for catamaran
11:42 ONE adds Mombasa port call to MIM service
11:36 FESCO’s foreign trade cargo turnover via Far East ports rose by 19% to 131,000 TEU in H1’22
11:19 DEME’s next-generation vessel ‘Orion’ successfully installs the Fécamp offshore substation jacket and topside
10:49 Port of Tanjung Pelepas becomes first container terminal in Malaysia to surpass 1 mln TEUs a month
10:24 Waleid Gamal Eldien appointed as Chairman for Suez Canal Economic Zone
09:45 Far East Shipping Company (FESCO) reports 6-fold surge of its RAS net profit
09:17 Crude oil futures decrease with U.S. attempts to cap Russian oil prices
08:44 MABUX: Global bunker prices may change irregularly on Aug 15

2022 August 14

14:51 DEME’S next-generation vessel "Orion" successfully installs the Fécamp offshore sustation jacket and topside
13:18 USCG awards contract to expand East Tongue Point facilities
12:46 Diana Shipping announces the acquisition of nine Ultramax dry bulk vessels from Sea Trade Holdings Inc.
09:47 Shell completes acquisition of renewables platform Sprng Energy group

2022 August 13

14:17 Golden Energy Offshore Services secures long-term contract in Caribbean
12:01 PortsToronto renews commitment to green electricity by renewing agreement with Bullfrog Power for all operations including Billy Bishop Toronto City Airport
10:26 Hapag-Lloyd updates the Rhine River low water surcharge

2022 August 12

18:27 OKEE Maritime to enhance environmental performance with StormGeo's CII Solution
18:03 IAA PortNews’ summary of past week news
17:51 The Government of Canada announces funding for new technologies to reduce underwater noise from marine vessels
17:20 Avenir LNG signs MoU for the development and construction of an LNG/BioLNG Terminal in the Port of Oxelösund, Sweden
17:02 NE China ports handle over 3,100 China-Europe freight train trips - The State Council the People's Republic of China
16:31 Russian Railways boosts loading of cargo bound for Azov-Black Sea Basin by 2.5% in 7M’22
16:24 Global container fleet to grow more than demand - Hapag-Lloyd CEO - Reuters
15:30 ZIM invested $5.5 million in provider of asset and fleet visibility solutions
15:03 Equinor’s H2H Saltend selected to proceed as one of the first large-scale hydrogen projects in the UK
14:58 Three new barges delivered cargo for construction of Amur Gas Chemical Complex
14:13 Grimsby River Terminal welcomes the first sustainable car carrier
14:03 CMA CGM service starts to call Yilport Gemlik
13:42 Maersk Drilling awarded two-month extension with TotalEnergies offshore Denmark
13:14 De Vlaamse Waterweg and Port of Antwerp-Bruges maintain the water level in the docks and the Albert Canal with a temporary pump installation
12:00 First Rijeka–Czech Republic direct cargo rail service established
11:55 Kazakhstan Transport Week will be held in Almaty from September 20-22, 2022
11:32 MacGregor has received a significant order to supply all-electric RoRo equipment to four PCTC vessels
11:02 Diana Shipping announces the acquisition of nine Ultramax dry bulk vessels from Sea Trade
10:42 First hydrogen bunkering license issued in the Netherlands
10:28 Throughput of Russian seaports in 7M’2022 declined by 0.2% YoY
10:20 Teekay сompletes the first ship-to-ship operations at Port Sudeste Brazil
10:09 Höegh Autoliners posts Q2 2022 results
09:31 ZeroNorth signs deal with X-Press Feeders to propel carrier’s decarbonisation strategy
09:16 Crude oil futures decrease after growing for two days
08:51 MABUX: Global bunker indices to keep rising on August 12
08:33 Pakistan Navy saves 9 Indian crew members after ship drowns - Geo News

2022 August 11

18:30 Valenciaport strengthens relations with the Chinese region of Fujian
18:05 Yang Ming publishes financial report for H1 2022
17:57 Yara Latvija opens a mineral fertilizer packaging and storage warehouse at “Riga Nordic Terminal”
17:26 KSOE lands LNG carrier order worth KRW2tn from Qatar - BusinessKorea
17:06 UECC signs up for Svitzer’s EcoTow solution in Scandinavia
16:51 Aleksandr Lukashenko gave instructions to make the maximum use of the Russian ports to ship Belarus’ goods