Norwegian chemical tanker owner Stolt-Nielsen is ready to endure a prolonged pandemic downturn as it lines up more liquidity.
The company said its target this year during the Covid-19 outbreak has been to secure sufficient cash to weather a "substantial downturn"."We went through each of the businesses and we asked them to go through a scenario, where we did a 20%, 30%, 40% downside in revenue," chief executive Niels Stolt-Nielsen said on a conference call with analysts.
