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Saturday, February 9, 2008

STOLT-NIELSEN HISTORY

Let me just post this history of Stolt-Nielsen company. I used to sail under SNTG-Manila office for 5 years. As a reminder for myself let me honor this company to be in my blog.
But what is this company by the way? Well it is one of the world premier company who transport industrial chemical competeting with other leading company like Exxon. A distingtive yellow and orange on the hull with a huge "Stolt Tankers" signage that you can see cruising the distant horizon. Capt. Eide Bjarn, if you see this blog i thank you for having me on board the company.
More power to the staff and crew of SNTG - Manila.

Stolt-Nielsen has a long and rich history dating back more than half a century when Jacob Stolt-Nielsen, our chairman today, built from the ground up three companies that led the way in dynamic and emerging industries. He invented the modern parcel tanker, built a leading offshore services company and pioneered the aquaculture industry.
Today the Stolt-Nielsen name is synonymous with innovation, quality, leadership and success
Our key company timeline dates are:

2007
Stolt-Nielsen S.A. Wins Amnesty Agreement Case against the DOJ Antitrust DivisionStolt-Nielsen announces voluntary delisting from Nasdaq and termination of its ADR programStolt-Nielsen announces the establishment of Stolt-Nielsen Gas to explore opportunities within the Liquefied Petroleum Gas logistics industry Stolt-Nielsen announces the launch of Stolt Bitumen Services –focused on the delivery of bitumen logistics services

2006
Stolt-Nielsen S.A. sold its 25% ownership in Marine Harvest.Stolt-Nielsen S.A. sold its Southern bluefin tuna business, based in Port Lincoln, Australia to SAMS Holdings (SA) Pty.Stolt-Nielsen S.A. reacquired 75% of the sturgeon and caviar business, Sterling Caviar LLC.Stolt-Nielsen S.A. completed the sale of its 25% shareholding in Marine Harvest N.V. to Geveran Trading Co. Ltd. (which in turn contributed the business to Pan Fish ASA) after the approvals of the transaction from U.K. and French competition authorities.

2005
Stolt-Nielsen S.A. sold its ownership in Stolt Offshore S.A. SSF and Nutreco Holding N.V. merged their fish farming operations into the world largest aquaculture company, Marine Harvest. Stolt-Nielsen S.A. owned 25% of Marine Harvest.

2004
Stolt-Nielsen S.A. reduced its ownership in Stolt Offshore to 41.7%.

2003
Stolt-Nielsen S.A. sold Optimum Logistics Ltd. to Elemica.

2001
Stolt Offshore acquired Paragon Engineering Services Inc. AspenTech acquired interest in Optimum Logistics.PrimeSupplier merged with OneSea.com to form SeaSupplier. SSF acquired Eicosal in Chile. SNTG sold its Perth Amboy, NJ and Chicago terminals.

2000
Stolt Comex Seaway is renamed Stolt Offshore.Stolt-Nielsen S.A. established two independent business-to-business e-commerce enterprises: Optimum Logistics Ltd. - the first Internet-based, open logistics system for bulk materials and Prime Supplier Ltd. - an Internet-based total marine procurement system.SSF expands into tuna with the acquisition of Australian Bluefin Pty. Ltd. Jacob Stolt-Nielsen retires as CEO and Niels G. Stolt-Nielsen takes over.

1999
Stolt-Nielsen Transportation Group Ltd. (SNTG) established to consolidate all the transportation businesses, Stolt Parcel Tankers, Stolt Tank Containers and Stolthaven Terminals.SNTG acquired 50% in Jeong-II Tank Terminal, the largest chemical terminal in the South Korean petrochemical port of Ulsan/Onsan.SSF acquired International Aqua Foods Ltd. SCS acquired ETPM S.A. and invested in flexible pipelay manufacturing with NKT. On its 40th anniversary, Company is now approaching $2 billion in revenue and 10,000 employees.

1998
SSF expanded into Scotland with acquisition of Gaelic Seafoods (Scotland) Ltd. Stolthaven Terminals expanded into Asia Pacific with investment in Dovechem Terminals Holdings Ltd. SCS expanded presence in Gulf of Mexico with acquisition of Ceanic.

1996
SSF expanded into Asia Pacific with acquisition of Cocoon Ltd.

1993S
CS initial public offering on Nasdaq raising $43 million.

1992
The Company acquired and merged Stolt-Nielsen Seaway and Comex Services S.A. forming Stolt Comex Seaway S.A. (SCS). The Company achieved over $1 billion in revenues.

1991
The Company acquired Sea Farm and renamed it Stolt Sea Farm (SSF).

1988
Company went public on Nasdaq raising $51 million. Stolt-Nielsen Inter-European Service (SNIES) established to provide small tanker service in Northwest Europe. Sea Farm commenced a program of acquiring growing companies in Norway.

1987
BP and the Company terminated 1977 agreement. NYK Line became a more than 10% shareholder.

1986
Stolt Through Transportation Services (STTS) was set up to handle customers’ door-to-door transportation.

1983
Sea Farm expanded into North America.

1982
Stolt Tank Containers (STC) was set up after the purchase of United Tank Containers with 400 units.Stolt-Nielsen Inter-Asia Service (SNIAS) established to provide small tanker service in Southeast Asia.Stolt Tankers Joint Service (STJS) was set up after an agreement with PanOcean-Anco was signed to market their 11 ships.

1980
Company earned $100 million profit.

1977
Company ran into financial difficulties and BP acquired an option to become a 50% shareholder.
1973Stolt-Nielsen Seaway A/S established to provide services for offshore petroleum and exploration in the North Sea.

1972
Sea Farm A/S established in Norway for production of salmon smolt.

1971
Company acquired first storage terminal.

1970
Seven new double bottom, double skin, partly stainless steel ships ordered, later setting the standards for the parcel tanker market and IMO specifications.

1963
Offices in New York, Japan and Oslo established. Company was operating 18 ships and still expanding its fleet with Trans-Atlantic, Trans-Pacific, Great Lakes and Latin American routes established.

1959
First operating company formed, Parcel Tankers Inc., with one time-chartered ship, Stolt Avance.

source: Stolt-Nielsen S.A

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