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Stolt Tankers Acquires Three Ships for European Regional Fleet

LONDON, June 23, 2015 (GLOBE NEWSWIRE) -- Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS. The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August 2015. Further terms of the transaction were not disclosed.

Commenting on the purchase, Hans P. Feringa, President of Stolt Tankers, said, "We are pleased to have acquired these well priced, high quality assets, which enhance the scale efficiency of our fleet of European regional parcel tankers. The ships are a perfect fit with our current fleet, the contract portfolio we serve, and our goal of providing our customers with the quality, reliability and service flexibility that their supply-chain needs demand."

The three ships are highly specialised, with 20 duplex stainless steel tanks, ICE class 1A and fitted with nitrogen generators. They are sister ships to Stolt Tankers' R5 class, which consists of Stolt Razorbill, Stolt Kingfisher and Stolt Pelican.

Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS. The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August 2015. Further terms of the transaction were not disclosed.

Commenting on the purchase, Hans P. Feringa, President of Stolt Tankers, said, "We are pleased to have acquired these well priced, high quality assets, which enhance the scale efficiency of our fleet of European regional parcel tankers. The ships are a perfect fit with our current fleet, the contract portfolio we serve, and our goal of providing our customers with the quality, reliability and service flexibility that their supply-chain needs demand."

The three ships are highly specialised, with 20 duplex stainless steel tanks, ICE class 1A and fitted with nitrogen generators. They are sister ships to Stolt Tankers' R5 class, which consists of Stolt Razorbill, Stolt Kingfisher and Stolt Pelican.

Contacts:

Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com

Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com

About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen Gas develops opportunities in LPG and LNG shipping and distribution. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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Source:Stolt-Nielsen Limited