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Stolt calls off tanker contract

Stolt calls off tanker contract
Stolt Tankers B.V., a subsidiary of Stolt-Nielsen S.A., yesterday announced that it has cancelled a contract with SLS Shipbuilding Co. Ltd.

Stolt Tankers B.V., a subsidiary of Stolt-Nielsen S.A., yesterday announced that it has cancelled a contract with SLS Shipbuilding Co. Ltd.

Stolt Tankers B.V., a subsidiary of Stolt-Nielsen S.A., yesterday announced that it has cancelled a contract with SLS Shipbuilding Co. Ltd. of South Korea for the construction of a 44,000 dwt coated parcel tanker, the first in a series of four ships, citing extended delivery delays.

The ship was originally scheduled for delivery in May 2008. All progress payments to date are covered by refund guarantees.

Stolt-Nielsen S.A. (SNSA or the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids.

www.TurkishMaritime.com.tr

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