Stolt-Nielsen Adds Two Inland Tankers; Acquires Comex Services

Purchase Forms World's Largest Subsea Contracting Group For Oil & Gas Industries The third and fourth in a series of five 2,100-dwt stainless steel chemical tanker for the transport of bulk liquids along the Rhine River and its tributaries have been delivered to Stolt Stinnes. Stolt Stinnes, headquartered in Duisburg, Germany, is a new tanker service formed by international bulk liquid transportation company Stolt Tankers and Terminals (Holdings) S.A. and Stinnes Reederei AG, one of the largest operators of inland tankers in Western Europe.

Designed by Stolt-Nielsen, these new ships, the M/T Stolt Mosel and M/T Stolt Neckar, will join two Stolt, the Stolt Main and Stolt Maas, and four Stinnes vessels already in service, for a total of eight. One more inland tanker from each owner will enter service by early 1993.

The Stolt Mosel was built by Bayerische Schiffbau GmbH shipyard in Erlenbach, Germany, while the Stolt Neckar was delivered by the Scheepswerg Grave B.V. shipyard in Grave, Holland.

The 282-foot, Caterpillar-powered double-hull tankers have stainless steel cargo tanks, each served by an individual deepwell pump. Eight cargo tanks provide a capacity of 2,080 m3 at 100 percent tankage.

The design for this series has many of the features usually found on much larger parcel tankers, providing maximum safety and environmental protection. For example, besides their double hulls, the tankers have: insulated cargo/stripping/vapor lines with electric heat tracing; separate stripping pumps, with discharge lines to the manifold, minimizing cargo residues; an integral absorption filter, installed to minimize emission of hazardous gases during loading; and stainless steel slop tanks.

In other company news, Stolt completed the purchase of a Comex S.A.

subsidiary, Comex Services S.A. One of the largest subsea engineering and construction companies in the world and in the forefront in innovative saturation diving, and the use of remotely operated divingvehicles, Comex Services S.A. will be joined with the Stolt-Nielsen Seaway subsidiary to form Stolt Comex Seaway.

The new business will reportedly be the world's largest provider of marine and subsea construction and engineering services to the oil and gas industries with a strong presence in major non-U.S. offshore markets, especially the North Sea.

Founded in 1961, Comex Services S.A., is headquartered in Marseille, France.

Stolt-Nielsen Seaway is a major marine and subsea contractor to the oil and gas industry, specializing in the North Sea. It competitive advantage is its modern fleet of advanced diving support vessels.

Maritime Reporter Magazine, page 12, Jul 1992

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