Jacob Stolt-Nielsen
| Jacob Stolt-Nielsen, Jr. | |
|---|---|
| Born |
Jacob Stolt-Nielsen, Jr. 12 May 1931 Haugesund, Norway |
| Died | February 15, 2015 (aged 83) Oslo, Norway |
| Residence | Oslo, Norway |
| Nationality | Norwegian |
| Occupation |
Shipping Magnate
|
| Net worth | USD $1.15 billion (2014) |
| Spouse(s) | Nadia |
| Children | 4 |
Shipping Magnate
Jacob Stolt-Nielsen, Jr. (12 May 1931 – 15 February 2015) was a Norwegian entrepreneur. The founder of Stolt-Nielsen Limited, he is widely credited as the creator of the parcel tanker concept. He also pioneered and built successful businesses in tank containers, offshore oilfield services and aquaculture. He served as a director on the board of Stolt-Nielsen Limited, where his son, Niels Gregers Stolt-Nielsen, is chief executive officer.
After a few years as shipping trainee, Jacob, worked as a shipbroker in New York. There, he was briefly associated with Charles Steuber Sr., at whose house he was married in 1957, and the two conceived of the idea for a new pump and pipeline system for tank ships which would permit a tanker to safely segregate multiple grades of dangerous chemicals, after first converting the m/t Freddy. The brief business association between the two was short-lived because of divergent priorities. Based on the new design, Jacob jnr. started his own company, Parcel Tankers Inc, Liberia, in 1959. His ships were called parcel tankers and the trade became known as the Parcel Trade. The company grew very fast and is still today the largest owner and operator of parcel tankers in the world, now operating a fleet of about 150 ships ranging in size from 450 to 45,000 dwt. The business is to run parcel tankers in regular, scheduled liner service, transporting as many as 20/25 parcels of different liquid chemicals on each ship. The company operates such services all over the world.
In 1972, Stolt-Nielsen started Sea Farm A/S in Norway for the production of salmon smolt. The company was subsequently renamed Stolt Sea Farm Ltd. (SSF) and grew to become the third largest salmon producer in the world. The salmon business was sold in 2006, with SSF retaining the turbot, caviar and sturgeon businesses. SSF has since also added sole to the menu.
Jacob expanded into another new business in 1974, when he created Stolt-Nielsen Seaway A/S to provide sub-sea construction services for offshore petroleum exploration and production in the North Sea. After the acquisition of Comex Services S.A., the company was renamed Stolt Comex Seaway S.A. In 1999 and 2000 the company acquired Ceanic Inc. and the French sub-sea contractor E.T.P.M., and was renamed Stolt Offshore S.A. The company was sold in 2006, renamed Acergy, and is now part of Subsea 7.
Stolt-Nielsen had also set his sight on the terminal business as a natural complement to the tanker business. He acquired his first storage terminal in the 1970s. Today, Stolthaven Terminals operates four owned and five joint-venture terminals, providing storage for chemicals and other speciality products in key markets worldwide with a total capacity of 4 million m3 when present construction completed.
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