Norway's Stolt-Nielsen believes its cost-cutting during the Covid-19 pandemic will lead to a permanent change in the way it operates.
The Oslo-listed chemical tanker and terminals owner has implemented measures that will save it $83m this year as it seeks to preserve liquidity in the face of lockdowns and disruption.
It has taken what it called “dramatic action” to delay or cancel capital expenditure and cut operating, administrative and general expenses.
