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According to CEO Niels G. Stolt-Nielsen, Stolt-Nielsen Limited expects annual earnings potential of $ 400 million, or $ 3.2 billion
– I think it's realistic, according to TDN Direkt. but does not specify when this will be done.
Stolt Nielsen's tank division was NOK 443 million in the first quarter of 2018 and NOK 588 million in the second quarter of 2018.
New Chemicals Command
Stolt-Nielsen Limited does not see no new orders for chemical tankers, according to the CEO.
– We hope that this will continue and that the new buildings that will arrive will be absorbed by the market. We are now renewing the COAs at a reduced rate, and although we believe in a market recovery in 2019, much of the business we will see today will be completed by 2019, "he said at the company's quarterly presentation The global chemical order backlog for June 2018 accounted for 11% of the existing fleet, up from 17% at the same time last year.
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