reports
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen...
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen Limited Reference is made to the stock exchange announcement from Stolt-Nielsen Limited (Oslo Børs: SNI) on April 3, 2025 regarding the continuation of its 2016 share buy-back programme of up to $30,000,000, with $8,754,827.55 remaining under the programme. The buy-back programme commenced on April 7, 2025, and will remain in effect until the earlier of (i) the acquisition of the maximum number of shares up to the remaining consideration of $8,754,827.55 as set out above, or (ii) October 2, 2025. For the period from an...
- Jørgen Lian
Another abrupt change
The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
Stolt-Nielsen Limited Holds 2025 Annual General Meeting
Stolt-Nielsen Limited Holds 2025 Annual General Meeting LONDON, April 17, 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI) today announced that all agenda items were approved, and all nominated Directors were elected, at its Annual General Meeting of shareholders held today at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The final dividend for 2024 of $1.25 per Common Share as recommended by the Board of Directors on February 11, 2025 was approved and will be paid on May 7, 2025 to shareholders of record as of April 24, 2025. The shares will trade ex-dividend on and after April ...
Completion of compulsory acquisition of remaining issued and outstandi...
Completion of compulsory acquisition of remaining issued and outstanding shares of Avenir LNG Limited London, April 16, 2025 – Reference is made to the stock exchange announcement of March 5, 2025, stating that Stolt-Nielsen Limited (Oslo Børs: SNI), through its subsidiary Stolt-Nielsen Gas Ltd. had resolved to proceed with a compulsory acquisition of the shares of Avenir LNG Limited (‘Avenir LNG’) not already owned by Stolt-Nielsen Gas Ltd. Stolt-Nielsen Limited is pleased to announce that the compulsory acquisition process has been successfully completed, and Avenir LNG is now fully owne...
Stolt-Nielsen Limited: 1 director
A director at Stolt-Nielsen Limited bought 5,000 shares at 222.000NOK and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen...
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen Limited Reference is made to the stock exchange announcement from Stolt-Nielsen Limited (Oslo Børs: SNI) on April 3, 2025 regarding the continuation of its 2016 share buy-back programme of up to $30,000,000, with $8,754,827.55 remaining under the programme. The buy-back programme commenced on April 7, 2025, and will remain in effect until the earlier of (i) the acquisition of the maximum number of shares up to the remaining consideration of $8,754,827.55 as set out above, or (ii) October 2, 2025; any share repurchases f...
- Jørgen Lian
Stolt-Nielsen (Buy, TP: NOK470.00) - Don’t stop believin’
While lower chemical volumes weighed on Stolt-Nielsen’s earnings and Q2 guidance, we see a positive trend in the early innings, with chemical volumes up 10% MOM in March and accelerated unwinding of OPEC+ cuts, to potentially re-ignite more positive tanker sentiment. We find the stock attractive at a 2025–2026e average P/E of 3.8x (tanker peers: 5.1x). We reiterate our BUY, but have cut our target price to NOK470 (480).
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
Stolt-Nielsen Limited Announces Intention to Relaunch Share Buy-Back P...
Stolt-Nielsen Limited Announces Intention to Relaunch Share Buy-Back Programme LONDON, April 3, 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that it intends to continue the share buy-back programme announced on March 2, 2016. Under the 2016 buy-back programme, the Board of Directors had authorised the purchase of up to $30 million worth of the Company’s Common Shares, of which the Company has to date utilised $21,245,172.45, leaving $8,754,827.55 available for further purchases. To comply with the European Market Abuse Regulation, the Company has provided the following r...
Stolt-Nielsen Limited Reports Unaudited Results For the First Quarter ...
Stolt-Nielsen Limited Reports Unaudited Results For the First Quarter of 2025 Tanker performance impacted by market uncertainty, non-tanker portfolio continues to perform well LONDON, April 3, 2025 – Stolt-Nielsen Limited (Oslo Børs ticker: SNI) today reported unaudited results for the first quarter ending February 28, 2025. The Company reported a first-quarter net profit of $151.4 million with revenue of $675.6 million, compared with a net profit of $104.0 million with revenue of $707.3 million in the first quarter of 2024. Excluding $75.2 million in one-off gains, due to the step-up ...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
Stolt-Nielsen Limited to Host a Video Conference to Present the Result...
Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the First Quarter of 2025 LONDON, March 28, 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI) will host a virtual presentation to discuss the Company’s unaudited results for the first quarter of 2025 on Thursday, April 3, 2025 at 15:00 CEST (09:00 EDT, 14:00 BST). The virtual presentation will be hosted by: - Mr. Udo Lange - Chief Executive Officer, Stolt-Nielsen Limited - Mr. Jens F. Grüner-Hegge - Chief Financial Officer, Stolt-Nielsen Limited- Mr. Alex Ng - Vice President Strategy & Bu...
- Jørgen Lian
Stolt-Nielsen (Buy, TP: NOK480.00) - Attractive Tankers-driven cocktai...
Tanker rates are healthy, and the outlook is solid on a record-high tanker fleet age and limited 2025e deliveries. We believe Stolt-Nielsen screens as attractive, trading at an average 2025–2026e adj. P/E of 4.3x (tanker peers 5.5x), despite other segments with more stable revenues accounting for c40% of our 2026e EBIT, which should allow for a premium, in our view. We reiterate our BUY, but have cut our target price to NOK480 (540).
Stolt-Nielsen Limited Distributes Material for the 2025 Annual General...
Stolt-Nielsen Limited Distributes Material for the 2025 Annual General Meeting of Shareholders LONDON, March 21, 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that materials for the Company's Annual General Meeting have been made available. Shareholders of record as at close of business on March 20, 2025 will be entitled to vote at the meeting. Shareholders who have elected for a physical copy of the materials will receive these by post. Copies of such materials are available at: The Company's Annual General Meeting of Shareholders will be held at the registered office of ...
- Jørgen Lian
‘The times they are a-changin’
The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
Launch of compulsory acquisition of remaining issued and outstanding s...
Launch of compulsory acquisition of remaining issued and outstanding shares of Avenir LNG Limited by Stolt-Nielsen Limited Launch of compulsory acquisition of remaining issued and outstanding shares of Avenir LNG Limited by Stolt-Nielsen Limited London, March 5, 2025 – Reference is made to the stock exchange announcement of January 27, 2025, stating that Stolt-Nielsen Limited (Oslo Børs: SNI), through its subsidiary Stolt-Nielsen Gas Ltd. had entered into a share purchase agreement to acquire all the shares of Avenir LNG Limited (‘Avenir LNG’) owned by Golar LNG Limited and Aequitas Limite...
Stolt-Nielsen Limited Board Recommends Final Dividend of $1.25 per Com...
Stolt-Nielsen Limited Board Recommends Final Dividend of $1.25 per Common Share Stolt-Nielsen Limited Board Recommends Final Dividend of $1.25 per Common Share LONDON, February 11, 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that the Company's Board of Directors recommended a final dividend for 2024 of $1.25 per Common Share, payable on May 7, 2025 to shareholders of record as of April 24, 2025. The shares will trade ex-dividend on and after April 23, 2025. The dividend, which is subject to shareholder approval, will be voted on at the Company's Annual General Meeting of...
- Jørgen Lian
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
Stolt-Nielsen Minor model adjustments
We have updated our estimates, owing to the Q4 report, adjusted near-term guidance and announced growth projects. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our NOK540 target price. Stolt-Nilsen still screens as highly appealing exposure to the tanker market, in our view, with a favourable outlook for 2025 on prospects for volume growth, limited 3% deliveries, an aging fleet and >10% of the today’s fleet facing sanctions. Hence, ...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
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