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2006 October 2   14:41

SNTG has ordered four 44,000 dwt parcel tankers from SLS Shipbuilding

STOLT-Nielsen Transportation Group (SNTG), a subsidiary of Oslo-listed Stolt-Nielsen has ordered four 44,000 dwt parcel tankers from SLS Shipbuilding, Korea, for a total of about US$340m. Deliveries are scheduled to take place between mid 2010 and early 2011. There are options for an additional four vessels. The company says: “After this order, SNTG, and its partners, has an order book of 19 ships for delivery from 2007 until 2011. SNTG today owns and operates globally today 148 ships ranging in size from 1,100 dwt to 40,200 dwt.”

The newbuildings will have a combination of 24 stainless steel tanks and 15 coated tanks. Stolt-Nielsen says that the main dimensions of the ships will follow the design of the four parcel tankers that SNTG announced ordering in June 2005 from ShinA Shipbuilding, South Korea, which was acquired by SLS earlier this year.

The new fully parcel tankers will meet both Marpol Annex I and Annex II cargo requirements and, with ship IMO ship type I, II, and III capabilities, will be able to handle the full range of difficult to handle cargoes which SNTG carries. Otto Fritzner, Chief Executive Officer of SNTG, said, "This new order with SLS represents a continuation of SNTG's successful partnership with the yard and is part of our ongoing fleet replacement plan, which is aimed at ensuring that we are fully equipped with sophisticated ships to meet our customers' requirements for the growing global market for the transportation of specialty liquids."

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