Stolt-Nielsen
 |
|
| Public | |
| Traded as | : |
| Industry | Conglomerate |
| Predecessor | Parcel Tankers Inc. |
| Founded | 1959 |
| Founder | Jacob Stolt-Nielsen |
| Headquarters | Bermuda |
|
Area served
|
Global |
|
Key people
|
Niels G. Stolt-Nielsen (CEO) Samuel Cooperman (Chairman) |
| Products |
Logistics Bulk cargo Chemical tanker Tank container Shipping terminal LNG carrier Fish farming |
| Revenue |
 USD 1,983.7 million (2015) |
 USD 246.2 million (2015) |
|
|
USD 133.1 million (2015) |
|
| Total assets |
USD 3,894.5 million (2015) |
|
Number of employees
|
5000+ (2015) |
| Website | www.stolt-nielsen.com |
Stolt-Nielsen Limited (SNL) is a provider of integrated transportation and storage solutions for specialty and bulk liquid chemicals and a wide range of other liquid products. SNL’s aquaculture division is a producer of turbot and other fish and fish products.
Founded in 1959, corporate services are provided from London. Most of the company’s operations are in the US, the Netherlands and Singapore.
Jacob Stolt-Nielsen began his career training at a ship brokerage in London, when he noticed an increase in certain kinds of liquids being shipped over the sea, especially those that served as the base materials for plastics. He moved to New York City in order to work for R.J. Chianelli, a broker in the chemicals industry that focused on these products. He witnessed the explosion in growth of the plastics industry, building on technology developed during World War II. However, the basic materials needed for the creation of plastics were new substances that the traditional shipping industry did not yet know how to ship safely or effectively.
There was a need in the industry for tankers that could transport different liquid chemicals in separation from each other, in order to keep the substances strictly pure upon delivery. There was also a need for the creation of packaging or housing the materials such that they would not eat through the containment. He developed a system using deep-well submersible pumps: one pump and one tank per parcel of liquid, in order to maintain the purity of the substances and the integrity of the containment. For his idea he received 20% of a new venture looking to monetize the idea, with Chianelli receiving 20% and 60% going to a customer of theirs, C.P. Steuber. The new firm was called Chemical Carriers Inc, formed one year after Stolt-Nielsen had first arrived in the US.
The new system improved the cost efficiency of shipping the chemicals by over 300%, resulting in an immediate profit for the company and the nickname "Jackpot Nielsen" for the new method's inventor. The maiden voyage of the new tanker system was made on board the Freddy. This was the prototype for the "parcel tanker", a further development on the idea by Stolt-Nielsen. Stolt-Nielsen leveraged his invention into his work as a ship broker, and in 1959 Stolt-Nielsen officially became a ship owner with his purchase of the Stolt Avance.
In 1959 he started what would ultimately become Stolt-Nielsen Limited, initially under the name Parcel Tankers Inc. with a chartered ship. The company purchased the Fossvik in 1961, which was renamed the Stolt Avenir, followed by the Ringerd, renamed the Stolt Victor. In 1962 the company opened its first Asian office in Tokyo, in order for the Victor to service that area of the world. By 1963 the company had offices in Oslo, Norway; New York, United States and Tokyo, Japan and was operating 18 ships. In 1965 the company purchased the Stolt Condor and Stolt Atlantic, all time-chartered to Parcel Tankers, and run from the port at Haugesund, Norway. They also began to expand into South America. In 1971 the first storage terminal was acquired and in 1972 Sea Farms (then not part of the Stolt-Nielsen Group) was founded. In 1988 the company issued an initial public offering on NASDAQ. Jacob passed on his position as CEO to his son Niels G. Stolt-Nielsen in 2000, with Jacob staying as Chairman of the company.
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