Stolt-Nielsen completes Jo Tankers acquisition

Stolt-Nielsen completes Jo Tankers acquisition

Oslo-listed Stolt-Nielsen has completed the acquisition of the chemical tanker operations of Jo Tankers.

The transaction comprises 13 chemical tankers and a 50% share in a joint venture with eight chemical tanker newbuildings, representing an enterprise value of $575m.

Stolt Tankers had previously stated that the acquired ships would satisfy the tonnage-replacement needs of the company’s fleet for the next several years and add new trade routes that enhance the company’s global service capabilities.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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