Niels Stolt-Nielsen believes the time may now be right to re-examine his long-cherished aim of spinning off his company’s chemical tankers.
His Oslo-listed group Stolt-Nielsen has been talking about an initial public offering of Netherlands-based Stolt Tankers since 2017 — but the timing has never been right.
However, the company has just announced its best profit since 2007 in healthier tanker markets, and with asset values rising, the CEO faced inevitable questions about a listing from analysts on a conference call.
