MERGERS & ACQUISITIONS It has been another year of switching, swapping, investing and divesting storage terminal assets, with more money pouring in from private investors
RESULTS Continued poor returns from the chemical tanker sector have held back profits at Stolt-Nielsen, and indications for the rest of the year are little brighter
Stolthaven Terminals reports an operating profit of $23.3m for the first quarter of 2013, up 1.7% from $22.9m posted in the final quarter 2012, as overall market conditions remained strong.
MARKETS Gas shipping has been one of the star performers in the maritime sector in recent years. But not every LPG tanker operator has been laughing all the way to the bank, as this review of recent financial results indicates
Was the March issue always a storage terminal number? It was in 1983, but where now are those optimistic operators listed as investing in new capacity?
MARKETS This time last year it was all doom and gloom for chemical tanker operators. This year it’s still doom and gloom, just less of it, although there is still some concern at the pace at which costs are rising
RESULTS Stolt-Nielsen’s approach of having a broad spread of interests across the chemical supply chain – as well as in fish farming – have helped it remain buoyant overall during what have often been difficult trading conditions
OVERVIEW The European tank storage market is reasonably stable, but concerns over the continent’s macroeconomic situation still loom heavy. HCB spoke to some of the region’s biggest players to find out what business has been like
FLEETS Despite challenging economic environments in some European countries, many road tanker operators are expanding their activities, while also expanding the sense of ‘Europe’
Stolt-NIelsen Ltd has reported net profit of $37.0m on revenue of $538.8m in the second quarter, up from $8.0m and $505.7m, respectively, in the prior period.
