Stolt-Nielsen Ship Management Moves To Panama City, Fla.

Stolt-Nielsen Inc. has completed the move of its Ship Management Department from Greenwich, Conn., to Panama City, Fla. The company, a market leader in the worldwide parcel tanker trade, made the move to secure long term overhead cost savings to stay competitive with other ship managers operating internationally and to keep fleet management of Stolt Tankers' owned tonnage "in house." Stolt Tankers currently owns 29 oceangoing parcel tankers which will be managed from the Panama City office. A 30th ship will be delivered shortly. Stolt-Nielsen Ship Management markets a full array of ship management services including crewing, purchasing and technical services to shipowners who can benefit from the company's expertise.

The selection of Bay County, Fla., for the new office followed a yearlong study of several potential relocation sites in the U.S. and Europe.

Timothy G. Berkel, senior vice president and general manager of the Ship Management Department will head up the new office.

This move does not affect any of the other divisions of Stolt-Nielsen Inc. Tanker marketing and cargo operations, terminals, tank containers, transportation services and corporate finance will remain at the company's Greenwich, Conn., offices.

The address of the new Panama City office is: Stolt-Nielsen Inc., Ship Management Department, Balboa Building, 1000 West 15th St., Panama City, Fla. 32406-5309; telephone: (904) 784-1299; telex: RCA 235917 or Western Union 965944; and telecopier: (904) 784- 1503.

Maritime Reporter Magazine, page 15, Sep 1986

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.