Stolt Nielsen is to hold on to Stolt Tankers, having previously intended to list it.
Speaking on the Oslo-listed company’s third-quarter earnings call on Thursday, new chief executive Udo Lange said the company needed to see both a supportive tanker market and an IPO market before taking its world-leading chemical tanker segment public.
“We want to see the IPO market appropriately valuing the tanker business,” Lange said.
