Stolt-Nielsen chief executive Niels Stolt-Nielsen has insisted a potentially costly US court ruling will not derail its tanker IPO.
The Oslo-listed group has been tipped to spin off its Stolt Tankers chemical carrier division in the second half of this year.
But the CEO fielded a heap of questions from analysts on the company’s conference call after the shipowner made a $155m provision following a US appeals court decision that confirmed it was partially responsible for the fatal fire on the 6,732-teu MSC Flaminia (built 2001) in 2012.
